Ping An healthcare business trades flat after $1.1b IPO
Ping An Healthcare & Technology – operator of the Chinese healthcare-focused mobile app known as Ping An Good Doctor – closed flat on its Hong Kong trading debut following an HK$8.77 billion ($1.1 billion) IPO.
The company sold 160.1 million shares at HK$54.80 apiece, the top end of the indicative range, and it will sell an additional 24 million shares if the overallotment option is fully exercised. Seven cornerstone...
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