Core Viewpoint - Xuan Zhu Bio-B (2575.HK), spun off from Sihuan Pharmaceutical, saw a significant first-day listing increase of 153.97%, opening at HKD 29.46, compared to its IPO pricing of HKD 11.6 [1] Company Overview - Xuan Zhu Bio is an innovation-driven biopharmaceutical company in China, focusing on improving patient health and life through a deep understanding of the Chinese pharmaceutical industry and its unique clinical needs [1] - Since Sihuan Pharmaceutical acquired a majority stake in Shandong Xuan Zhu in 2008, the company has established a comprehensive internal R&D platform to support a diverse and balanced pipeline [1] Product Pipeline - As of the last feasible date, Xuan Zhu Bio has over ten drug assets actively in development, targeting diseases such as digestive system disorders, tumors, and non-alcoholic steatohepatitis (NASH) [1] - The pipeline includes three assets with NDA approval, one project in the NDA registration stage, one project in Phase III clinical trials, four projects in Phase I clinical trials, and five projects that have received IND approval [1] IPO Performance - The public offering was oversubscribed by 4,908.33 times, while the international placement was oversubscribed by 10.15 times [1] - The stock's opening price of HKD 29.46 represents a significant increase from the IPO price, indicating strong market interest and investor confidence [2]