Cathay Industrial Biotech is set to raise $200 million through an initial public offering (IPO) of American Depository Shares, RTT News reports. The Chinese biobutanol producer has filed with the U.S. Securities and Exchange Commission for the same.

Cathay is seeking to list the shares on the NASDAQ Global Select Market. Morgan Stanley, Deutsche Bank Securities and Jefferies will underwrite the IPO, adds Reuters.

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