Legend Holdings, Eli Lilly, Ping An, China Life and Taikang-backed Innovent Biologics priced its shares near the top of the range of to raise $421m.

Cloudflare, which has raised more than $180m from investors including Microsoft, Baidu, Qualcomm Ventures and GV, could command a $3.5bn valuation in the offering.

Payment technology provider StoneCo will raise about $1.1bn if it floats at the top of its range, while Ant Financial is investing $100m through a private placement.

Tengelmann-backed Emil Capital will exit meal kit service Chefs Plate in an acquisition by HelloFresh sized in the mid-eight figures.

Fortinet has acquired Edinburgh Napier spinout ZoneFox for an undisclosed sum and will integrate the company’s machine learning technology into its own cybersecurity offering.

The online travel agency is reportedly seeking $1bn from an initial public offering in Hong Kong that would provide exits to Tencent, Ctrip and Dalian Wanda.

Orphan disease drug developer PhaseBio Pharmaceuticals, which is commercialising research from Duke University, cut the price of its shares sharply pre-offering.

Orphan disease drug developer PhaseBio Pharmaceuticals, which counts Johnson & Johnson, Astellas and AstraZeneca as investors, cut the price of its shares sharply pre-offering.

Harley-Davidson-backed electric dirt bike producer Alta Motors had raised more than $43m

The endpoint security software producer has hired Goldman Sachs for an initial public offering that would enable Alphabet, Rackspace and Telstra to exit.