Daily BriefsIPOs and Placements

Equity Capital Markets: Weibo Corp, Gushengtang and more

In today’s briefing:

  • Weibo (WB US) Files For Hong Kong Listing
  • Gushengtang Pre-IPO – The Positives – Resilient Financials and Could Ride on Industry Tailwind

Weibo (WB US) Files For Hong Kong Listing

By David Blennerhassett


Gushengtang Pre-IPO – The Positives – Resilient Financials and Could Ride on Industry Tailwind

By Clarence Chu

  • Gushengtang (GUS HK) is looking to raise US$150m in its Hong Kong IPO.
  • Gushengtang is a traditional chinese medicine (TCM) healthcare service provider in China. It provides TCM healthcare services and products via its offline medical institutions and online healthcare platforms.
  • As of the LPD, the firm provided services to customers across 31 provinces via its medical service network, and had 19,203 physicians practicing as of Jun 2021.

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