Hong Kong pain management and health service provider Anew Health (AVG.US) lowers IPO financing target.

According to the Wisdom Financial APP, Anew Health (AVG.US), a pain management and health service provider based in Hong Kong, revised the terms of its upcoming initial public offering (IPO) on Friday. The company now plans to raise $19 million by issuing 3.8 million shares at a price range of $4 to $6 per share. Previously, the company had planned to issue 5 million shares at a price of $4 per share. Based on the new midrange price, the company's fundraising amount will be 6% less than previously expected.