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Home » Business, Policy & Funding » Business News » Burning Rock Raises $281.2M Through IPO, Private Placement

Burning Rock Raises $281.2M Through IPO, Private Placement

Jun 22, 2020
|
staff reporter

NEW YORK — Chinese molecular diagnostics firm Burning Rock said on Monday that the underwriters of its recent US initial public offering have exercised their overallotment option, giving the transaction a value of roughly $256.2 million.

Burning Rock also said that investment group Lake Bleu Prime Healthcare Master Fund has purchased a $25 million equity stake in the company. Taken together, the two transactions have raised about $281.2 million for Burning Rock.

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