Why Good Doctor investors will have to be patient

Ping An Insurance is giving fresh impetus to HK's tech IPO buzz with a $1.1 billion IPO for its online healthcare platform. But, as with some of its tech peers, profits are nowhere in sight.

Ping An Insurance Group, China’s largest privately held insurer, is looking to capitalise on the recent optimism towards so-called new economy stocks as it kicked off a HK$8.1 billion to HK$8.8 billion $1 billion to $1.1 billion initial public offering in Hong Kong on Monday for its online healthcare platform.

There is little doubt that the IPO of Ping An Healthcare and Technology will be the spotlight of Hong Kong’s equity capital market for the week ahead. Apart from being Hong Kong’s largest deal so far this year, the company is poised to reignite investor sentiment towards technology stocks following a series of listings from the sector in...

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