News Snapshot:
“JD Health is looking to raise as much as US$3.5 billion in its Hong Kong initial public offering in what could be Asia’s biggest healthcare listing on record,†Bloomberg reported. The company is selling 381.9 million shares at HK$62.8 to HK$70.58 (US$8.1 to US$9.11) each, which puts JD Health’s value at up to US$28.5 billion. Its financial debut could exceed Ostuka Holdings’ US$2.3 billion IPO and become Asia’s biggest listing in the space, the report noted. Six cornerstone investors, including Singapore sovereign wealth fund GIC, Hillhouse Capital, and BlackRock, have agreed to subscribe for as much as US$1.35 billion of...
