Ping An Healthcare prices $1.1bn IPO high

Ping An Healthcare and Technology priced its HK$8.8bn ($1.1bn) IPO at the top of guidance after a flood of demand from local and international investors.

  • By Jonathan Breen
  • 30 Apr 2018

The issuer, a subsidiary of Chinese conglomerate Ping An Group, was looking to float 160m primary shares, equal to 15% of its enlarged equity capital. There was also a 15% greenshoe of primary shares.

It offered the stock at HK$50.8-HK$54.8 apiece, making the base IPO worth HK$8.1bn to ...

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