Offer Price Between HK$5.36 and HK$6.96 per Share To Raise Proceeds Up to HK$522 million The Largest Provider of Healthcare Insight Solutions for Medical Products and Channels in China HONG KONG, June 28, 2022 /PRNewswire/ A leading healthcare insight solutions provider in China - Sinohealth Holdings Limited ("Sinohealth Holdings" or the "Company", stock code: 2361.HK, together with its subsidiaries, collectively as the "Group"), today announced the proposed listing of its Shares on the Main Board of Hong Kong Exchanges and Clearing Limited ("Hong Kong Stock Exchange"). Sinohealth Holdings plans to offer 75,000,000 Shares (subject to the Over-allotment Option), of which 67,500,000 Shares will be International Placing Shares (subject to reallocation and the Over-allotment Option), representing 90% of the initial Offer Shares; the remaining 7,500,000 Shares will be Hong Kong Offer Shares (subject to reallocation), representing 10% of the initial
Two senior bankers have quit China Merchant Securities (CMS) amid sky-high demand for healthcare and technology bankers in Hong Kong.
Kevin Yang, who was head of the bank’s head of the bank’s technology media and telecom (TMT) investment banking team as well as its overall coverage effort, is joining Bank of America. Yang joined CMS in 2016 from Morgan Stanley.
Meanwhile, Hui Zhang is understood to have resigned from CMS as head of healthcare investment banking, according to two sources. It is not known whether he is joining for another firm, but there is currently a scarcity of bankers in both healthcare and technology, from junior execution staff to senior rainmakers.
UTime IPO Evokes Dot-Com Era’s Giddiness With 2,600% Rally
Bloomberg 3 hrs ago Vivianne Rodrigues and Kristine Owram
(Bloomberg) Every quarter or so in the U.S. equity capital markets, there’s a least one debut by a tiny company which completely blows up charts and traders’ minds. This current contender? UTime Ltd.
The Chinese maker of mobile phones and accessories went public on Tuesday in New York at $4 share. By Wednesday, the stock hit a peak of $107.33, up nearly 2,600% from its offering price. The company, valued at about $33 million at its debut, now has a market capitalization around $350 million even after the stock retreated Thursday.
UTime Limited Announces Pricing of Initial Public Offering
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NEW YORK, April 6, 2021 /PRNewswire/ UTime Limited ( UTime or the Company ) (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally, today announced the pricing of its initial public offering of 3,750,000 shares of its ordinary shares at a price of US$4.00 per share to the public for a total of US$15 million of gross proceeds to UTime.
The ordinary shares are expected to begin trading on the Nasdaq Capital Market on April 6, 2021 under the symbol UTME. The offering is expected to close on April 8, 2021, subject to customary closing conditions.
China’s First High-School Education Group raises $75m in New York IPO
First High-School Education Group, which operates private high schools and offers tutoring services in China, has gone public on the New York Stock Exchange (NYSE) on March 11, 2021. Source: First High-School Education Group
March 12, 2021
First High-School Education Group, which operates private high schools and offers tutoring services in China, raised $75 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Thursday.
The firm, which claims to be the biggest operator of private high schools in western China, has sold 7.5 million American Depositary Shares (ADS) at a price of $10 apiece in the IPO offering. At the midpoint of its proposed range of $9.5 to $10.5, First High-School Education Group commanded a market value of $289 million.