Dental Chain submits IPO application to the Hong Kong Stock Exchange, plans to increase market share through acquisitions

On December 4th, Jinshi data reported that Public Dental has submitted an IPO application to the Hong Kong Stock Exchange, planning to raise funds to establish 80 to 100 dental service institutions and acquire 40 to 65. The company’s revenue from 2021 to 2023 is 381 million yuan, 409 million yuan, and 442 million yuan, and the corresponding net profit attributable to the parent company is 17 million yuan, 43 million yuan, and 50 million yuan. Despite the rise in performance, Public Dental lags behind industry giants in market competition, especially in terms of the number of dental chairs and customer unit price. Public Dental plans to increase its market share through acquisitions.