Ai-Kang Ambassador landed on Nasdaq 18%

April 9 Evening News, the domestic private preventive health care provider, the state of the official on the Nasdaq listing today, the trading code for "KANG", the opening report of 16.50 U.S. dollars, more than 14 U.S. dollar issued price rose 18%.

Earlier today, ADSs decided to issue a price of $14 for each US depository stock ("") and, in the event that underwriters did not exercise the excess subscription rights, 10,904,846 ads (which 7,574,446 ads was issued by the company, 3,330,400 Ads are made by old shareholders, and the public offerings are about $153 million trillion. Each of the two shares of American depository shares represents a common stock of Class A.

At the same time, the state-sponsored private placement of China's National sovereign fund China Investment Corporation (CIC) 's Best Investment Corporation, a total of $40 million, was made at public offering prices.

BofA Merrill Lynch (BofA Lynch) and UBS Investment Bank are the main underwriters of the IPO. Oppenheimer & Co is the deputy underwriter of the IPO.

The public fund-raising will be used to invest in or merge medical and health centers, invest or acquire dental centers, upgrade IT systems, and operate capital and other general Enterprise uses, the ambassador said.

In the first nine months of fiscal 2013 (April 1, 2013 to December 31, 2013), the ambassador's income was 173 million U.S. dollars, net profit of 27.9 million U.S. dollars, the year-on-year growth of 49.6% and 41.3% respectively.

According to the data, the AI Kang Ambassador was founded in 2004 by the Love Kang Network and the Shanghai Ambassador Health Inspection Joint formation, relying on its health care service Center, it technology platform and customer service system, every year for millions of of customers to provide health check-up, disease detection, dental services, such as health management services.

According to the prospectus, as of March 25, 2014, the company has a total of 45 proprietary medical centers and 300 third-party cooperation agencies throughout Hong Kong, Beijing, Shanghai, Guangzhou, Shenzhen and other 15 cities. In fiscal year 2012 (12 months ended March 31, 2013), a total of about 1.9 million persons were provided with medical services. According to the 2013-year income, the state-owned public health care service in China's market share reached 12.3%.