Rici Healthcare Completes IPO and Listing on the Hong Kong Stock Exchange
On October 6, 2016, Rici Healthcare Holdings Limited announced that it has completed its IPO and has been listed on the Main Board of the Stock Exchange of Hong Kong. The offering included a total of 397,600,000 shares, comprised of 318,080,000 new shares and 79,520,000 sale shares, subject to the over-allotment option, with gross proceeds of approximately $104 million. Wilson Sonsini Goodrich & Rosati acted as Hong Kong and U.S. legal counsel to Rici Healthcare in connection with the IPO.
Rici Healthcare is a leading private general medical services group in China's Yangtze River Delta region, with businesses including medical examination centers, general hospitals, and clinics.
The WSGR team advising Rici Healthcare was led by partners Weiheng Chen, Dan Ouyang, and Ethan Jin and included associates Can Yin, Ke Li, Winfield Lau, Jing Xu, and Yuki Chan and PRC law consultants Qin Zou and Dong Huang.