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Massive investor demand for Good Doctor digital health IPO
The Chinese digital health start-up behind the Good Doctor platform has raised $1.12bn in Hong Kong’s largest IPO so far this year.
Ping An Healthcare and Technology Company, also known as Good Doctor, is China’s largest online healthcare and medical platform by user numbers, with more than 193m registered users.
Despite the 160m shares being priced towards the top of a HK$50.80 to HK$54.80 range, demand for the shares led to the Hong Kong flotation being more than 200-times oversubscribed, market insiders have told Shares.