iKang Healthcare Raises $153 Million in US IPO

iKang Guobin Healthcare completed its IPO on the NASDAQ exchange, pricing 10.9 million shares at $14, the high side of its $12-$14 range. The offering raised $153 million and values the company at $903 million. Selling shareholders offered 31% of the shares, rendering iKang’s share of the proceeds $95 million after commissions. iKang’s 42 self-owned diagnostic/preventative clinics are located in China’s 13 largest cities. More details.... Stock Symbol: (NSDQ: KANG) Share this with colleagues: // //