Xin Lang Cai Jing·2025-09-18 00:37Core Viewpoint - Health 160 International Limited successfully listed on the Hong Kong Stock Exchange on September 17, 2025, raising HKD 400 million at a price of HKD 11.89 per share [3]. Company Highlights - The company focuses on integrated digital healthcare services, aiming to become a leading online and offline healthcare service provider in China [4]. - Since its establishment, the company has connected over 44,600 healthcare institutions, including more than 14,400 hospitals (of which 3,430 are tertiary hospitals) and over 30,200 grassroots healthcare institutions [4]. - The company has established partnerships with over 902,300 healthcare professionals, including approximately 46,200 registered doctors [4]. - The platform boasts over 55.2 million registered individual users, with around 3.3 million monthly active users [4]. - According to Frost & Sullivan, the company is the largest digital healthcare service platform in the industry based on various metrics as of December 31, 2024 [4]. Project Highlights - Shenwan Hongyuan played a crucial role in facilitating the company's successful IPO by leveraging its comprehensive financial services and extensive experience in the healthcare sector [5]. - The project team customized a market sales strategy and quickly adjusted the issuance strategy following the new IPO pricing and allocation regulations in Hong Kong, conducting multiple high-quality investor meetings to effectively communicate the company's investment value [5]. - The successful issuance reflects Shenwan Hongyuan's strength in the Hong Kong IPO market and its resource integration capabilities, reaffirming its client-centric service philosophy [5]. Market Response - The market response was enthusiastic, with the public offering subscription rate reaching 751.8 times, marking it as the first digital healthcare IPO following the new pricing and allocation regulations in Hong Kong [8].