Saint Bella (HKG:2508) launched its initial public offering in Hong Kong on Wednesday, seeking to raise up to HK$627.9 million from the deal.
The postpartum care and recovery company is offering up to 95,420,000 shares at HK$6.58 apiece, according to a Wednesday filing with the Hong Kong bourse.
Saint Bella expects to disclose the allocation results on June 25. Shares will begin trading on the stock exchange on June 26.
The postpartum care and recovery company intends to use the proceeds to expand its postpartum care network, open new postpartum centers, and consolidate competitors.
It also intends to use the proceeds to launch new services, train family care specialists, upgrade IT systems, and fund working capital.
Saint Bella attracted GIMM, CITIC Securities (SHA:600030, HKG:6030)-controlled ChinaAMC (HK), JKKB, New Frontier Group Co-Founder and CEO Carl Wu, SS Morgan, Minwise, and medical aesthetic company YCISM Founder Wang Qianqing as cornerstone investors.
UBS AG Hong Kong, CLSA, Huatai Financial Holdings (Hong Kong), GF Securities (Hong Kong) Brokerage, Mirae Asset Securities (HK), CMB International Capital, CCB International Capital, Caitong International Securities, Futu Securities International (Hong Kong), and Futu Securities International (Hong Kong), are the joint bookrunners and lead managers of the IPO.
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