Temasek-backed dental group Arrail files for Hong Kong IPO


Source: shentonwire.net shentonwire.net

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Signage for HKEx, Hong Kong’s stock exchange Posted By: Leslie Shaffer Saturday, 3 July 2021 14:16:09 Arrail Group, a China-based dental service provider which counts Singapore state-owned investment company Temasek Holdings among its backers, filed on Thursday for a Hong Kong initial public offering (IPO). In April, Arrail Dental Clinic raised US$200 million in a series E round led by Temasek, with other participating investors including Industrial Bank of Korea, The Hina Group, Ward Ferry Management, Mirae Asset Global Investments and OrbiMed, according to Crunchbase data. Temasek’s investment is held under indirect, wholly owned subsidiary Elbrus Investments, which held an...