So-Young International, a China-based online marketplace for plastic surgery services, announced terms for its IPO on Monday.
The Beijing, China-based company plans to raise $166 million by offering 13 million ADSs at a price range of $11.80 to $13.80. At the midpoint of the proposed range, So-Young International would command a fully diluted market value of $1.4 billion.
So-Young International was founded in 2013 and booked $92 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol SY. Deutsche Bank and CICC are the joint bookrunners on the deal.
