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WeDoctor Resumes Hong Kong IPO Plans with Tencent's Backing

share-iconPublished: Wednesday, January 01 share-iconUpdated: Wednesday, January 01 comment-icon3 months ago
News sources:
SCMP
WeDoctor Resumes Hong Kong IPO Plans with Tencent's Backing

Credited from: SCMP

  • Tencent-backed WeDoctor has rekindled its IPO ambitions in Hong Kong, confirming reports of its renewed plans.
  • The online healthcare platform filed its IPO application without revealing the fundraising target or timeline.
  • WeDoctor aims to raise between US$400 million and US$500 million, with hopes to list by June.
  • The company experienced significant growth, with its revenue doubling in the first half of 2024 compared to last year.
  • Healthcare firms are currently driving the Hong Kong IPO market, accounting for 27% of active listings this year.

For more details, visit the original article here.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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