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METiS TechBio Raises $269.5M in Hong Kong IPO on May 13, Shares Jump on Debut

GateNews
AI Industry NewsStocks

According to South China Morning Post, AI drug design startup METiS TechBio raised HK$2.11 billion (US$269.5 million) in its Hong Kong IPO on May 13, with shares jumping on debut amid strong demand for AI-related stocks.

The company sold 201.23 million shares at HK$10.50 (US$1.3) each. Eighteen cornerstone investors, including BlackRock, UBS Asset Management Singapore, and Mirae Asset Securities, subscribed a combined US$148 million with a six-month lock-up agreement. METiS became the third AI drug developer to list in Hong Kong after XtalPi (June 2024) and Insilico Medicine (December 2025).

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