Prestige Biopharma eyes at least 1.8t won valuation in Korean IPO
Biotech firm also plans to expand its headcount to about 300 in next five years
Add BT as a preferred source
Singapore
SINGAPORE-BASED Prestige Biopharma expects an implied market capitalisation of between 1.8 trillion won and 1.93 trillion won (S$2.2 billion to S$2.3 billion) in its upcoming initial public offering (IPO) on the Korea Exchange (KRX), the company told The Business Times.
As it looks to list early this year, the biotech firm also plans to expand its headcount from the current 70 to about 300 staff, possibly in the next five years, its chief executive Lisa Park told BT.
TRENDING NOW
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
Frasers Property launches Dunearn House condo with prices from S$2,799 psf
