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Should You Buy POM Stock After the PomDoctor IPO?
Yahoo Financeยท 2025-10-10 18:57
Company Overview - PomDoctor is a Chinese online medical services platform founded in 2010, focusing on chronic disease management and pharmaceutical services [2] - The platform operates through internet-hospital services and a pharmaceutical supply chain, connecting patients to doctors for prescriptions and follow-ups [2] IPO Details - PomDoctor priced its IPO at $4 per American Depository Share (ADS), which is at the lower end of the indicated price range of $4.00 to $6.00 per ADS [3] - The company offered 5 million ADSs, with gross proceeds of $20 million intended for platform development, technology upgrades, and supply chain expansion [4] Market Potential - The online Chinese healthcare industry is projected to grow from approximately 540.7 billion yuan in 2022 to 1.5 trillion yuan by 2027, reflecting a compound annual growth rate (CAGR) of about 23.1% [5] - The Chinese telemedicine market is expected to expand from $7.14 billion in 2024 to $54.77 billion by 2033, with a CAGR of 23.50% [5] Initial Trading Performance - Following the IPO, PomDoctor's shares began trading approximately 12.5% above the IPO price, indicating strong demand and positive market reception [3]