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Sisram Medical, Majority-Owned by Fosun, Stages $125 Million Hong Kong IPO

publication date: Sep 21, 2017

Sisram Medical, an Israeli aesthetic laser company, completed a $125 million IPO in Hong Kong at the low end of the range. Sisram is majority owned (66%) by Fosun Pharma. Because retail investors were especially interested in the offering, their allocation was increased to 30% of the offering, up from a planned 10%. Sisram, whose stock price has traded steady to slightly lower since the offering, is the first Israeli company to be listed in Hong Kong. More details....

Stock Symbols: (HK: 1696) (SH: 600196; HK: 02196)

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