New Century Healthcare IPO kicks off 2017

Chinese private hospital operator launches Asia’s first IPO in the new calendar year.

New Century Healthcare IPO kicks off 2017

New Century Healthcare, a Beijing-headquartered pediatric hospital operator, launched the management roadshow for a HK$1 billion $129 million initial public offering on Wednesday in what could be the first major deal in 2017.

The initial terms of the deal are 120 million new shares pitched at HK$6.36 to HK$8.36 each and a 15% greenshoe option to sell an additional 18 million new shares. This means the company’s high profile pre-IPO investors including...

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