10 November, 2015
Kirkland & Ellis is representing Wenzhou Kangning Hospital Co., Ltd., the largest private psychiatric healthcare group in China as measured by revenue in 2014, on its initial public offering (IPO) on the Hong Kong Stock Exchange. Citigroup Global Markets Asia Limited and CITIC CLSA Capital Markets Limited are joint global coordinators on the IPO.
The high end of the proposed offer price for Wenzhou Kangning Global Offering is set at HK$38.70 per share for a total offering size of approximately HK$681 million (US$88 million), without taking into account any exercise of the Over-allotment Option. The Hong Kong public offering commenced on November 10, 2015 and listing is scheduled to take place on November 20, 2015.
The Kirkland team on the deal is led by Hong Kong capital markets partners Dominic Tsun, David Zhang, Li-Chien Wong, Benjamin Su, Stephanie Lau and Peng Qi.
