SHANGHAI : Shanghai United Imaging Healthcare Co will start public trading next Monday, the company said, after raising roughly $1.6 billion in the biggest initial public offering on Shanghai's tech-focused STAR Market so far this year.
With the offering priced at 78 times earnings - more than double the industry's average multiple of 35 - United Imaging's listing will test appetite of a market clouded by gloomy growth prospects in the world's second biggest economy. United Imaging, which competes with GE Healthcare, Siemens Healthcare and Philips Healthcare, benefited from coronavirus outbreaks in China, which boosted demand for scanning and imaging devices.
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