Ping An Good Doctor readies $1 billion Hong Kong IPO

China's most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next year, the Thomson Reuters publication reported, citing people close to the process.
Good Doctor's plans to list come as Hong Kong has hosted a series of "hot" tech stocks whose first-day gains have been among the best in the world this year, boosting the city's reputation for tech listings. Good Doctor, one of a series of tech start-ups backed by Ping An, the insurer, is the largest online health care and medical platform in China in terms of users.