Nasdaq-listed digital healthcare firm 111's unit eyes STAR IPO after $79m fundraise

Nasdaq-listed digital healthcare firm 111's unit eyes STAR IPO after $79m fundraise

Source: Michael Longmire/Unsplash

A subsidiary of Nasdaq-listed Chinese digital healthcare platform 111 Inc has secured 515 million yuan (almost $78.8 million) in new funding at a pre-money valuation of 10 billion yuan ($1.5 billion), as the unit plans an initial public offering (IPO) on Shanghai’s STAR Market.