Ping An Healthcare sets IPO range

Ping An Healthcare and Technology Co. Ltd. (Shanghai, China) amended its IPO on the Hong Kong stock exchange and now plans to sell 160 million shares at HK$45.75-HK$54.80. The offering is being underwritten by Citigroup, J.P. Morgan, UBS, Ping An of China Securities, CCB International, CICC, CLSA, CMB International, CMS and HSBC; trading is slated to begin on May 4.

At the midpoint of HK$50.28, the company would raise HK$8 billion ($1 billion) and be valued at HK$53.7 billion ($6.8 billion)...