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(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