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New York-Delisted WuXi AppTec Gets Speedy Approval for Shanghai IPO

WuXi AppTec is slated to be the biggest IPO in China’s mainland market so far this year. Photo: VCG
WuXi AppTec is slated to be the biggest IPO in China’s mainland market so far this year. Photo: VCG

WuXi AppTec, one of China’s leading biotech firms that delisted from the New York Stock Exchange in 2015, won speedy approval on Tuesday to go public in China.

The approval process took a mere 50 days.

That was the second-fastest approval time in China, after Foxconn Industrial Internet’s record of 36 days set earlier this month. The pace underscores China’s determination to attract new-economy companies to its stock markets.

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