Wuhan Dazhong Dental Medical (HKG:2651) launched its initial public offering on the Hong Kong bourse Monday, seeking to raise up to HK$232.4 million.
The dental services company is offering up to 10,861,800 shares, to be priced between HK$20 and HK$21.40 apiece, according to a Monday filing with the Hong Kong bourse.
The shares are expected to be priced July 7, while allocation results are expected to be disclosed July 8. Shares will start trading on July 9.
Net proceeds from the offering will be used to set up new dental facilities in Wuhan and other cities in Central China, acquire dental institutions, upgrade facilities, boost information technology infrastructure, personnel development, and for working capital.
Haitong International Capital, Haitong International Securities, and Livermore Holdings are the overall sponsors, global coordinators, bookrunners and joint lead managers.
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