HK Stock Market Move | HEALTHYWAY INC (02587) rose by another 4% at the close, more than doubled its IPO price, with a total market value exceeding HK$14 billion.

HEALTHYWAY INC (02587) rose another 4% in the final trading session, reaching a high of 16.1 Hong Kong dollars during the day, more than doubling its IPO price of 7.8 Hong Kong dollars. As of the time of writing, it was up 4.02% at 16.06 Hong Kong dollars, with a trading volume of 26.96 million Hong Kong dollars and a total market value exceeding 14 billion Hong Kong dollars. According to the prospectus, HEALTHYWAY INC operates a digital health and medical service platform in China. Based on data from Frost & Sullivan, as of December 31, 2023, the company is the fourth largest digital health and medical service platform based on the number of registered individual users on the platform. Based on revenue in 2023, HEALTHYWAY INC is also the fifth largest digital health and medical service platform, with a market share of less than 5%. Since 2001, the company has been providing health and medical services to individual users in China on digital platforms. In 2015, the company also began providing enterprise services and digital marketing services to businesses and institutions. Over the past 20 years, the company has been involved in the significant digital transformation of the Chinese health and wellness industry, driving the growth of its business.