04:46 AM EST, 11/15/2024 (MT Newswires) -- Zai Lab ( ZLAB ) said Thursday it has priced its public offering of about 7.8 million American depositary shares at $25.50 per ADS for gross proceeds of about $200 million.

Underwriters have been granted a 30-day option to purchase up to 1.2 million additional ADSs.

Net proceeds from the offering, expected to close around Nov. 18, will be used for general corporate purposes.

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