Tapping growth in China has been a big theme for the past few years. iKang (KANG) is one of the first chances to get in on a basic consumer service like healthcare. iKang provides a broad range of services from routine exams, disease screening, dental care, and both outpatient and clinic-based services.
iKang priced nearly 11M shares at the $14/share which is the high end of the filing range. Using a total of 66M shares outstanding post-IPO that starts the company out with a $924M market capitalization. We were surprised to see just two big banks on . . .