2522.HK
Jiangxi Rimag Group, which provides medical imaging services, opened at HK$15 in their Friday trading debut, 0.1% higher than their IPO price of HK$14.98.

The Latest: Jiangxi Rimag Group Co. Ltd. (2522.HK), which provides medical imaging services, opened at HK$15 in their Friday trading debut, 0.1% higher than their IPO price of HK$14.98, giving the company a market capitalization of about HK$3 billion ($385 million).

Looking Up: The local portion of the offering was subscribed by 17,855 investors and was oversubscribed by about 336.3 times.

Take Note: Despite a favorable response to subscription, the stock was priced at only HK$14.98, close to the lower end of its HK$14.60 to HK$16.80 IPO price range.

Digging Deeper: Rimag Group operates its own medical imaging centers or helps partners run their centers. Since its launch in 2014, the company has built 97 imaging centers in 17 provinces, autonomous regions and municipalities in China, establishing a presence in major cities as well as 59 regions at county level. The company first submitted an unsuccessful listing application to the Hong Kong Stock Exchange in May last year, filed again in November and passed the listing hearing in May this year.

Market Reaction: Rimag’s stock continued to rise after the open and was up 2.9% at HK$15.42 by the midday trading break on Friday.  

Translation by A. Au

To subscribe to Bamboo Works weekly free newsletter, click here

Recent Articles

Losses continue to widen and debts continue to pile up, Vanke not yet out of the woods

Vanke not out of the woods as losses, debt keep mounting

Despite being taken over by Shenzhen Metro Group and promised full financial support, the developer, while avoiding defaults, reported its loss widened in the first half of 2025 Key Takeaways:…
Mininglamp makes marketing software

Mininglamp IPO advances with key regulatory approval

China’s securities regulator has registered the leading marketing software maker’s Hong Kong listing, which could raise more than $100 million Key Takeaways: Mininglamp’s Hong Kong IPO has been approved by…