GE - IPO Update: Genetron Holdings Files Proposed IPO Terms
Quick Take
Genetron Holdings (GTH) has filed to raise $162.5 million in an IPO of ADSs representing underlying ordinary shares, according to an amended registration statement.
The company provides a range of cancer diagnostic and research services in China.
GTH is positioned in a growing industry but the IPO appears pricey and the firm is producing high operating losses and operational cash burn, so I'll pass.
Company & Technology
Beijing, China-based Genetron was founded in 2014 to develop precision oncology diagnosis, monitoring and research services in China, covering the full cycle of