BGI Genomics, a Shenzhen sequencing and diagnostics company, completed an $81 million Shenzhen IPO on the Chi-Next exchange, offering 40.1 million shares at 13.64 RMB per share. BGI surged in open market trading, rising 32% to an initial limit, where it was halted temporarily, and then climbing further to 19.64 RMB per share. The closing quote represented a 44% increase over the IPO price, the limit for an opening day in Shenzhen. At the IPO price, BGI’s valuation was $802 million, which rose to $1.15 billion at the close of trading.
