United Imaging Weighs $1 Billion IPO

News

Date: 31.05.2021

Shanghai United Imaging Healthcare Co., a medical imaging and radiotherapy equipment maker, is weighing a Hong Kong initial public offering that could raise at least $1 billion, according to people familiar with the matter.

The company is working with advisers on the prospective listing and is considering going public as soon as later this year, the people said, asked not to be identified as the matter is private.

A spokesperson for United Imaging said the company has started procedures for a STAR board IPO, and has signed an agreement for IPO guidance.

Founded in 2011, United Imaging develops and produces medical imaging products using technologies including computed tomography and X-ray radiography, as well as advanced radiotherapy equipment, according to its website.

United Imaging raised about $500 million in 2017 in an investment round led by China Life Healthcare Fund and SDIC Fund Management Co. The fundraising valued the company at about $5 billion.

Based on: Bloomberg

#News #IPO #ICO #UnitedImaging #Wcryptn.com

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