Davis Polk advised the joint global coordinators in the Hong Kong initial public offering of Ping An Healthcare and Technology Company Limited. The gross proceeds from the offering amounted to approximately HK$8.77 billion ($1.12 billion) prior to the exercise of the over-allotment option.
Ping An Healthcare and Technology Company Limited is a pioneer in the PRC Internet healthcare market. It delivers on-demand healthcare anytime and anywhere through its mobile platform and offers online medical and wellness services, including family doctor services, consumer healthcare services, health mall as well as health management and wellness interaction.
The Davis Polk corporate team included partners Bonnie Y. Chan and Li He, counsel Yang Chu, registered foreign lawyer Xuelin (Steve) Wang and associates Lillian Lian and Fei Kwok. The tax team included counsel Alon Gurfinkel and associate Veronica Orecharova. Members of the Davis Polk team are based in the Hong Kong and London offices.