Deals

Ping An Good Doctor Starts Preparing $1.1 Billion Hong Kong IPO

Bloomberg’s Crystal Tse reports on the Ping An Good Doctor IPO and talks about Tencent Music’s possible listing. (Source: Bloomberg)

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By Crystal Tse and Benjamin Robertson

April 22, 2018 at 9:00 AM UTC

Updated on

April 23, 2018 at 12:43 AM UTC

This article is for subscribers only.

Ping An Good Doctor, a unit of China’s biggest insurer by market value, attracted cornerstone investors including GIC Pte and Khazanah Nasional Bhd. to a Hong Kong initial public offering that could raise as much as $1.1 billion.

The Chinese online health-care platform is offering about 160 million shares at HK$50.80 to HK$54.80 apiece, according to terms for the deal obtained by Bloomberg. The Ping An Insurance (Group) Co. subsidiary will take investor orders from Monday through April 26, the terms show.