Bids pour in for Phoenix Healthcare’s $191m IPO
Phoenix Healthcare Group had covered books multiple times over for its HK$1.5bn ($191m) IPO within hours of taking bids on November 14, thanks to strong anchor support which came in during pre marketing.
Orders had already crossed $1bn mark by late Thursday morning for the first hospital operator to list in Hong Kong.
“Interest in Phoenix Healthcare is very strong because this is the first Chinese hospitals operator to list in Hong Kong,” said one banker close to the deal. “First
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