Singapore healthcare service provider LYC Healthcare prices IPO at $4 per share, upsizing the offering by 67% to $25 million.

Zhito Finance APP has learned that LYC Healthcare, which operates medical clinics and orthopedic surgery centers in Singapore, raised the proposed size of its upcoming initial public offering (IPO) on Tuesday. The company now plans to offer 6.3 million shares at a proposed price of $4 per share to raise $25 million. It had previously filed to offer 3 million shares at a price range of $4 to $6 per share. Based on the adjusted offering size, LYC Healthcare expects to raise 67% more than previously anticipated, corresponding to a market value of $137 million. The company plans to list on Nasdaq but has not yet determined its ticker symbol.