Qiming-backed Sanyou seeks to raise $152m in STAR Market IPO

Photo by Anne Nygård on Unsplash

Qiming Venture Partners-backed innovative orthopedics implants company is targeting to raise a total of 1.08 billion yuan ($152 million) in its initial public offering (IPO) on China’s Nasdaq-like STAR Market. 

Sanyou will offer 51.33 million common shares at 20.96 yuan ($2.95) apiece. The company has sold 6.8 million shares ahead of its IPO, according to a company filing with the bourse on Monday. 

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