We advised PegBio on the placement of new shares

Davis Polk advised PegBio Co., Ltd. on its placement of 5,136,000 new H shares, for an aggregate consideration of approximately HK$300 million.

Davis Polk also advised PegBio on its IPO in May 2025. The shares are listed on the Hong Kong Stock Exchange.

PegBio is a biotechnology company focused on the in-house discovery and development of innovative therapies – primarily peptide and small molecule drugs – for chronic diseases, with a particular emphasis on metabolic disorders.

The Davis Polk corporate team included partners Xuelin (Steve) Wang and Jason Xu, counsel – registered foreign lawyer Jennifer (Yujia) Jiang, counsel Wendy Kan and associate Marco Cheng. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.