Union Medical studies possible HK IPO

Union Medical studies possible HK IPO

Hong Kong-based aesthetic medical service provider is gauging market demand but a deal is unlikely to materialise until March.

Union Medical Healthcare took advantage of the improvement so far this week in market sentiment to kick off pre-marketing on Tuesday for an initial public offering in Hong Kong that could raise as much as $150 million for the aesthetic medical service provider. 

The investor education exercise follows Monday's strong rally in global stock markets, led by Tokyo, where shares surged by 7% on expectations of extra stimulus measures. The gains continued into Tuesday, with Hong Kong’s Hang Seng Index adding another 1.08% after posting its biggest daily surge in five months on Monday.

The market bounce has given market participants a sigh of relief...

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