iKang filing an IPO to SEC to list in Nasdaq Stock Market

 

IKang Healthcare Group Inc., a privately held Chinese health-care services provider, is planning to raise up to US$150 million in an IPO on the  Nasdaq stock market, in the latest Chinese company listing planned for the U.S.

IKang  alleged  Chinese social medical insurance hasn’t coverred physical examination service  and people are likely to have physical examination service in public hospitals but more and more  consumers begin to choose  private service with a higher quality.  According to the Prospectus, Ikang runs 42 medicial service  center and also  partners with more than 300 third party service centers.  Ikang has a revenue of 134 million usd  by the end of 2013 with net profit  43% up from 2011 fiscal year.

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