PIAIF - Week In Review: Ping An Good Doctor Plans $1 Billion Hong Kong IPO In Mid-May
Deals and Financings
Ping An Insurance (Group) (PIAIF) (PNGAY) plans to carve out its Ping An Healthcare and Technology (also known as Ping An Good Doctor APP) and IPO in Hong Kong for $1 billion at a valuation of $5 billion. The company plans to go public in the middle of May. In May 2016, Ping An Healthcare and Technology raised $500 million in a Series A. In December 2017, the company raised $400 million from Softbank Union in a pre-IPO round.
A new China-focused venture fund, Panacea Venture Healthcare Fund I, LP, filed to