iKang prices Nasdaq IPO at top end

The Chinese healthcare group benefits from renewed buying interest in mainland stocks.

iKang Healthcare Group has raised $153 million after pricing its US IPO at the top end of its $12 to $14 indicative price range. A 10.9 million ADR offering was priced at $14 per unit just after the New York close on Tuesday by joint leads Bank of America Merrill Lynch and UBS.

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