The group’s chief business officer Dax Ng says the original listing plan was spiked because of poor market sentiment. “We were cautious because valuations were low,” he tells The Edge Singapore in a recent interview.
SINGAPORE (Jan 31): Healthcare provider Ardmore Group came under the spotlight last year when it lodged its draft prospectus for an Initial Public Offering (IPO) on the Catalist board, only to withdraw it in August.
But the group is aiming for a fresh start: They have now reorganised the business, brought in new doctors and rebranded the company to Livingstone Health towards the end of 2019. It now offers family medicine and cardiology on top of aesthetic, anaesthesiology and orthopaedic practices. Livingstone Health also plans to revisit a possible listing in the coming year.
