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2021-07-15
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Hong Kong biotech start-up is set to list on the Nasdaq in a SPAC merger
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong biotech start-up is set to list on the Nasdaq in a SPAC merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 17:46 GMT+8 <a href=https://www.cnbc.com/2021/07/15/hong-kong-biotech-prenetics-to-list-on-the-nasdaq-in-a-spac-merger.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong biotech company Prenetics is set to merge with Artisan Acquisition, a special purpose acquisition company backed by Hong Kong billionaire Adrian Cheng, according to a source close to the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/hong-kong-biotech-prenetics-to-list-on-the-nasdaq-in-a-spac-merger.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/07/15/hong-kong-biotech-prenetics-to-list-on-the-nasdaq-in-a-spac-merger.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1141652676","content_text":"Hong Kong biotech company Prenetics is set to merge with Artisan Acquisition, a special purpose acquisition company backed by Hong Kong billionaire Adrian Cheng, according to a source close to the deal.\nThe SPAC is already traded on the Nasdaq under the ticker ARTA.\nSPACs are shell companies set up to raise money through an initial public offering — their sole purpose is to merge with or acquire an existing private company and to take it public. They bypass Wall Street's traditional IPO process.\nPrenetics is a diagnostic and genetic testing company with significant operations in Hong Kong and the U.K. It was founded by serial entrepreneur Danny Yeung and will become the first billion-dollar start-up in Hong Kong to exit its unicorn status.\nA technician handles a sample at a Prenetics laboratory in Hong Kong, China, on Jan. 26, 2018.Anthony Kwan | Bloomberg | Getty Images\nThe transaction is expected to close by the end of this year. 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