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Cathay Industrial To Raise $200M In IPO

Cathay Industrial Biotech is set to raise $200 million through an initial public offering of American Depository Shares.

July 20, 2011

Cathay Industrial Biotech is set to raise $200 million through an initial public offering (IPO) of American Depository Shares, RTT News reports. The Chinese biobutanol producer has filed with the U.S. Securities and Exchange Commission for the same.

Cathay is seeking to list the shares on the NASDAQ Global Select Market. Morgan Stanley, Deutsche Bank Securities and Jefferies will underwrite the IPO, adds Reuters.

Click here for the story from RTT News.

Click here for additional coverage from Reuters.

Cathay Industrial Biotech Securities And Exchange Commission Deutsche Bank Securities Nasdaq Global Select Market Morgan Stanley