WeDoctor Moves IPO Forward Amid Uncertain Markets

Despite a global pandemic, volatile markets, and an uncertain future, Chinese startup WeDoctor is planning to move forward with a Hong Kong initial public offering. As one of the country’s largest online healthcare providers, they expect to raise between $500 million and a billion with their IPO and have invited investment banks JPMorgan Chase & Co, Credit Suisse Group AG, and CMB International to lead the effort. The details may change, people familiar with the situation say, as discussions are still ongoing...