So-Young International Inc.

So-Young International Inc. (SY) priced its initial public offering on May 2, 2019 at $13.80 per share, raising $179.4M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $1.06B. Deutsche Bank was lead-left underwriter, joined by CICC, Canaccord Genuity and Needham. Skadden, Arps, Maples and Calder and Han Kun advised the company and Simpson Thacher and CM Law Firm advised the underwriters.

So-Young International Inc. operates an online platform and mobile app in China where users discover, evaluate and reserve medical aesthetic services. It distributes media content through social networks and facilitated medical aesthetic treatment transactions worth RMB2.1 billion in 2018.

Status

IPO

Ticker

SY

Exchange

Nasdaq Global Market

Priced

May 2, 2019

IPO price

$13.80

Raised

$179.4M

Market cap at IPO price

$1.06B

First filed

Apr 8, 2019

Underwriters

Deutsche Bank, CICC, Canaccord Genuity and Needham

Company counsel

Skadden, Arps, Maples and Calder and Han Kun

Underwriters' counsel

Simpson Thacher and CM Law Firm

Sector

Technology

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.