Markets

Aesthetic Medical Eyes Up to $33 Million in US IPO

11:30PM ET 10/15/2019 MT Newswires
Chinese aesthetic medical services provider Aesthetic Medical Internationa filed a prospectus with the US Securities and Exchange Commission for its plan to raise up to $32.5 million in an IPO on the Nasdaq.

The company will offer 2.5 million American Depositary Shares (ADSs) that will be priced between $11.00 and $13.00 apiece.

The proposed IPO will come with an overallotment option for 375,000 ADSs.

Net proceeds from the offering will be used to finance the company's expansion, the redemption of convertible notes and for general corporate purposes.