HealthyWay Looks to Raise Up to HK$220 Million from Hong Kong IPO

MT Newswires Live12-18

HealthyWay (HKG:2587) launched its initial public offering in Hong Kong that seeks to raise as much as HK$220 million.

The Chinese digital health and medical service platform is offering 25,000,000 shares at HK$7.80 to HK$8.80 apiece.

HealthyWay secured the Hengqin Industrial Investment Fund as a cornerstone investor, which committed to subscribe to 95 million yuan worth of IPO shares.

The issuer expects to determine its offer price on Dec. 24 and disclose the allocations on Dec. 27. It will then start trading on the Hong Kong bourse on Dec. 30, according to a Wednesday filing.

Proceeds from the deal will be used for business expansion, strategic investments and acquisitions, research and development, working capital needs, and general corporate purposes.

CCB International, BOC International, Livermore Holdings, Fosun International Securities, ZTSC, and several others are the joint book-runners of the IPO.

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