Qiming Venture Partners’ portfolio company Connect Biopharma today listed on the Nasdaq with the stock code “CNTB”. The issue price is US$ 17.00/ADS. The stock opened at US$19.55/ADS and closed at US$18.49/ADS on the first trading day, up 8.8%, with a market cap of about US$ 1 billion.

Qiming is the largest professional VC investor of Connect Biopharma, with an ownership of 10.9% before the company’s IPO. Qiming Principal Dr. Kan Chen serves on the board of directors. Qiming was the…

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