BGI's Shenzhen IPO Rejected By China Regulators

Published: Nov 04, 2016

The latest IPO proposal from BGI, China's giant genomic sequencing company, was rejected by Shenzhen's Chi-Next Exchange, according to a report from The problem? Insufficient documentation. In December 2015, BGI submitted an application to IPO two of its merged divisions: BGI Dx (pre-natal genomic testing) and BGI Tech (contract sequencing). The company hoped to raise $260 million at a valuation of $3 billion.

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