JPM drops lead role on WeDoctor IPO

By Jonathan Breen
02 Mar 2021

JP Morgan has stepped down from its position as sponsor on healthcare platform WeDoctor’s planned Hong Kong IPO, according to a source familiar with the matter.

The bank had been working on the deal, which is expected to raise up to $1bn, for the past year with joint sponsors CMB International and Citi. The latter had joined the syndicate team in April 2020.

The Tencent Holdings-backed issuer is expected to file a draft ...

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