PE-backed iKang Healthcare jumps 8.6% on US debut
Shares in iKang Healthcare Group – the Chinese healthcare services provider whose backers include GIC Private, Goldman Sachs and NewQuest Asia – climbed 8.6% on their NASDAQ trading debut following a $153 million IPO.
The company sold 10.9 million American Depositary Shares (ADS) at $14 apiece, the top end of its indicative range. On commencement of trading, the stock reached $17.25 before eventually closing at $15.20....
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