Core Viewpoint - Baize Medical Group Limited has successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 560 million through the issuance of 133 million shares at a price of HKD 4.22 per share [1][3]. Group 1: Listing Details - On its first trading day, Baize Medical opened at HKD 5.25 per share, a 24.41% increase from the IPO price, and closed at HKD 6.00 per share, representing a 42.18% increase [3]. - The public offering was oversubscribed by 25.92 times, while the international offering was subscribed at 0.98 times [3]. - A cornerstone investor, Harvest Oriental, invested USD 19 million in the company's shares [3]. Group 2: Company Overview - Established in July 2017, Baize Medical primarily engages in investment and provision of medical services, focusing on oncology [5]. - The company operates and manages eight hospitals across Beijing, Tianjin, Shanxi, Anhui, and Henan provinces, including six for-profit and two non-profit hospitals [5]. Group 3: Financial Performance - Revenue for Baize Medical was approximately RMB 802.65 million in 2022, RMB 1.07 billion in 2023, and is projected to reach RMB 1.19 billion in 2024 [6]. - Adjusted net profit was reported as RMB -75.34 million in 2022, RMB -9.62 million in 2023, and is expected to be RMB 12.50 million in 2024 [7]. - Adjusted EBITDA figures were RMB 35.14 million in 2022, RMB 107.51 million in 2023, and projected at RMB 119.55 million in 2024 [7].
佰泽医疗在港交所上市，首日上涨42.18%