Chinese Plastic Surgery Platform So-Young Seeks to Raise USD150 Million in US IPO
Xinhua
DATE:  Apr 09 2019
/ SOURCE:  XINHUA

 (Yicai Global) April 9 --  So-Young International, a Chinese online platform involving plastic  surgery, aims to raise up to USD150 million in an initial public  offering in the US.

So-Young filed for an IPO on the Nasdaq under the ticker SY, according to its prospectus from yesterday. 

Founded in 2013, the  Beijing-based company provides users with a technology to research  different treatments, read reviews about them, and book appointments on  the platform. The firm made USD89.8 million in revenue in 2018 via  collecting service fees. 

The value of China's  aesthetic medicine sector is expected to reach USD52.4 billion by 2023,  the prospectus shows, citing a report from business consulting group  Frost & Sullivan. The sector was worth USD17.7 billion last year. 

Deutsche Bank Securities  and China International Capital are the joint bookrunners on the deal  for which no pricing terms were disclosed.

Editor: Emmi Laine 

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Keywords:   IPO,Nasdaq,Online Service,Medical Aesthetic Service,So-Young International