Zai Lab prices $200M ADS offering at $25.50 per ADS; net proceeds ~$189M for general corporate purposes

Zai Lab Ltd

Priced underwritten public offering of 7,843,137 ADSs at $25.50 per ADS; expected gross proceeds ~$200M.
Net proceeds after underwriting discounts and expenses expected ~$189M; closing on or about Nov 18, 2024.
Underwriters granted 30-day option to purchase up to 1,176,470 additional ADSs at offering price.
Proceeds to be used for general corporate purposes; offering made under effective shelf registration S-3ASR.

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