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在线翻译:
szdaily -> Markets -> 
Ping An Good Doctor launches IPO in Hong Kong
    2018-04-24  08:53    Shenzhen Daily

PING An Healthcare and Technology Co., a unit of Ping An Insurance (Group) Co. of China Ltd., plans to raise up to HK$8.77 billion (US$1.1 billion) in a Hong Kong initial public offering (IPO) to help expand its e-commerce business.

The unit, also known as Ping An Good Doctor, plans to sell a total of 160.09 million shares at up to HK$54.80 apiece, it said in a filing to the Hong Kong bourse yesterday.

In January, Reuters reported that Ping An Insurance had raised nearly US$1 billion for a medical data collection and analysis business ahead of a Hong Kong IPO.

The price will be fixed Thursday and dealing in the shares is expected to begin May 4.

Citi and J.P. Morgan are the joint global coordinators and joint bookrunners of the issue.

Ping An Healthcare was close to securing cornerstone investors for its IPO, including Singapore’s sovereign wealth fund GIC, Malaysia’s sovereign wealth fund Khazanah Nasional and U.S. asset manager BlackRock, IFR reported, citing people familiar with the situation.

Ping An Healthcare, in which Ping An Insurance will hold 39.27 percent on completion of the global offering, delivers on-demand health care through its mobile platform, including online family doctors, health care and health mall services.

It has established a nationwide network of health care service providers covering 3,100 hospitals, 1,100 health check-up centers, 500 dental clinics and 7,500 pharmacy outlets.

Ping An Insurance is preparing listings for its technology units after shares of the insurer have risen more than 90 percent over the past 12 months, giving it a market value of about US$188 billion.

Its OneConnect financial management portal has picked banks for a Hong Kong IPO that could raise as much as US$3 billion, people familiar with the matter said in March.

(SD-Agencies)

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