Wuxi AppTec is valued at 86.1 times estimated earnings against the 65.4 times average for the industry. Photo: Shutterstock

Wuxi AppTec tells Chinese investors to go slow as obsession with unicorns explodes

Shares of the medical researcher, which listed in Shanghai this month after delisting from New York in 2015, have surged almost five-fold from its IPO price

Topic |   China stock market

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Wuxi AppTec is valued at 86.1 times estimated earnings against the 65.4 times average for the industry. Photo: Shutterstock
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