Concord Medical Services Holdings Ltd., which operates radiation therapy and diagnostic imaging centers in China, expects to conduct its initial public offering on Dec. 10.
Concord says it is the largest radiotherapy and diagnostic imaging provider in China. It operates 83 diagnostic centers in 36 cities across the country, and plans to open its first cancer hospital in 2010. The company's IPO will consist of 12 million American Depositary Shares, priced between $9.50 and $11.50 each.
Until Friday, Concord had expected a price of $9 to $11 per ADS.
The American Depositary Shares consist of three ordinary shares each. The underwriters of the sale …
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