What could stop the hottest thing in IPOs from landing in Hong Kong

Before New Frontier Health Corp. became the U.S.-listed company behind high-end hospital chain United Family Healthcare in China, it had existed for a time as little more than a shell of a corporation called New Frontier Corp.

New Frontier Corp., known as a special purpose acquisition company, or SPAC, had no underlying operating business until it acquired the hospital chain in 2019. It was a deal that effectively turned United Family Healthcare into a publicly traded company.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter