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HONG KONG, Feb. 8, 2021 /PRNewswire/ Basecare (Suzhou Basecare Medical Corporation Limited), an innovative assisted reproductive genetic testing enterprise, today officially listed on the main board of HKEX (HKG: 2170). Approximately 66.667 million shares were issued and total funds raised was $HK1.82 billion. The initial price was $HK27.36 per share and shares were oversubscribed 403 times, up 60 percent as of the time of this press release, with a total market value of $HK8.92 billion.
This listing represents an important milestone in the history of Basecare, a leading-edge company that has attracted seven well-known global cornerstone investors including Orbited, Lake Bleu Capital, China Reform Overseas, Affin Hwang AM, WinTwin Capital, Foresight and Ivy Capital. Basecare has long been optimistic about the internationalization and diversification of the capital market of Hong Kong, and bullish on China s assisted reproduction industry. A
Assisted Reproduction Unicorn Basecare Medical to IPO in Hong Kong
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SUZHOU, China, Feb. 1, 2021 /PRNewswire/ Suzhou Basecare Medical Co., Ltd. (Basecare Medical) set to list on the Hong Kong Stock Exchange on February 8th, 2021 is the newest unicorn in the field of assisted reproduction. The planned IPO comes after a very successful and profitable 2020, favorable regulation of industry, and massive growing demand for IVF services in mainland China.
The first PGT-A testing kit approved for launch in China market
Basecare Medical, founded in 2019 in Jiangsu, China, has attracted a lot of interest for its self-developed PGT-A test kit. The test kit can accurately screen each embryo to detect developmental defects and ensure healthy development, allowing more infertile or at-risk couples in China to deliver healthy babies. This is the country s first and only third-generation IVF product registered with the National Medical