BeiGene, whose shares listed at the Shanghai STAR market today, achieved a milestone by becoming the first biotech company to trade there, the Hong Kong Stock Exchange and Nasdaq
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It otherwise turned out to be a rough day for the company. Shares dropped more than 16% from their IPO price amid worries about possible U.S. delisting of Chinese businesses. Shareholders include Amgen, which owned about a fifth of BeiGene before the Shanghai listing. Oyler, worth $1.7 billion today on the Forbes Real-Time Billionaires List, owned about 6% of BeiGene before the Shanghai listing.
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