According to reports, Legend Biotech (LEGN.US) is considering a second listing outside the United States due to strong investor interest in pharmaceutical companies. Sources familiar with the matter indicate that potential listing locations include Hong Kong, Singapore, and London. A second listing in Hong Kong, in particular, could help boost Legend Biotech's valuation. The report notes that Legend Biotech is still in the consideration phase and may decide not to proceed with a second listing. Representatives from Legend Biotech declined to comment.
Legend Biotech was founded in 2014 and went public on the US NASDAQ in 2020. The company specializes in CAR-T cell immunotherapy for cancer treatment, with its flagship product ciltacabtagene autoleucel already approved by the US FDA for market.