ASLAN Pharmaceuticals – $42 Million IPO

First Taipei Exchange-listed company to go public in US

Shanghai – June 8, 2018 – Cooley advised ASLAN Pharmaceuticals Limited on its $42 million initial public offering of 6,000,000 American Depositary Shares, each representing five ordinary shares. Cooley partners Patrick Loofbourrow, Charlie Kim, Rob Phillips, Sean Clayton and Dave Peinsipp led the team advising Aslan.

Leerink Partners and Piper Jaffray acted as joint book-running managers for the offering. BTIG, H.C. Wainwright & Co. and CLSA acted as co-managers for the offering.

This IPO marks the first Taipei Exchange-listed company to go public in the US. The ADSs now trade on the Nasdaq Global Market under the symbol “ASLN” and the ordinary shares have traded on the Tapei Exchange since Q2 2017 under the symbol “6497.”

ASLAN is a Singapore clinical-stage oncology-focused biopharmaceutical company developing novel therapeutics for global markets. Aslan targets diseases that are both highly prevalent in Asia and orphan indications in the United States and Europe.

This complex, precedent-setting transaction leverages Cooley’s strengths in the capital markets and life sciences sectors across Asia and the US.

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Related Contacts
Patrick Loofbourrow Partner, Shanghai
Charlie Kim Partner, San Diego
Robert Phillips Partner, San Francisco
Sean Clayton Partner, San Diego
David Peinsipp Partner, San Francisco
Kristin VanderPas Partner, San Francisco
Carlos Ramirez Associate, San Diego
Adrienne Directo Associate, Los Angeles
Andrew Cates Associate, San Diego
Bin Wang Associate, Beijing
Phillip McGill Associate, San Diego
Micah Youngdale Associate, San Diego
Jessica Wade Senior Paralegal, San Diego
Barbara Mirza Partner, Los Angeles
Natasha Leskovsek Partner, Washington, DC
Phil Mitchell Partner, New York
Susan Cooper Philpot Partner, San Francisco
Mark Windfeld-Hansen Partner, Palo Alto
Francis Wheeler Partner, Colorado
Daniel I. Goldberg Partner, New York