ZAI LAB (09688) proposed to issue an additional 200 million US dollars worth of American Depositary Shares.

ZAI LAB (09688) announced that on November 13, 2024 (US Eastern time) / November 14, 2024 (Shanghai and Hong Kong time), the company initiated the proposed follow-on offering of American Depositary Shares (each representing ten ordinary shares of the company, with a par value of $0.000006 per share) in the amount of $200 million. All American Depositary Shares will be publicly offered by the company. The company expects to grant the underwriters a 30-day option to purchase additional American Depositary Shares up to 15% of the shares sold in the public offering at the public offering price minus the underwriting discount and commissions. The net proceeds from the offering are intended for general corporate purposes.