Health-Care Big Data Provider Yidu Cloud Raises $529 Million in HK IPO

Caixin Global | Jan 15, 2021 at 6:58 AM
  • More than 1 million investors subscribed for shares in Chinese health-care big data provider Yidu Cloud’s Hong Kong initial public offering (IPO), second only to the record number of investors who signed up for Ant Group Co. Ltd’.s canceled offering in November.
  • In advance of its debut on Hong Kong Stock Exchange Friday, the shares traded at as high as HK$70 apiece in grey-market trading, indicating a market cap of HK$53 billion.
  • China’s health-care big data solutions market is expected to grow to 57.7 billion yuan by 2024 from about 10.5 billion yuan in 2019.