B-Soft, a China-based healthcare company backed by US-listed chipmaker Intel, has floated on the ChiNext board of the Shenzhen Stock Exchange at RMB16.82 ($2.60) per share.
Intel Capital, which acts as Intel’s corporate venturing arm, invested an undisclosed amount in B-Soft in 2011, 14 years after it was founded in 1997 by Ge Hang in Hangzhou, Zhejiang province.
Arvind Sodhani, executive vice president of Intel and president of Intel Capital, said: “B-Soft provides comprehensive IT solutions and services for hospitals and healthcare organisations across China to help the country’s healthcare industry transform into its next stage of development.
“We congratulate B-Soft on its contributions to the advancement of China’s healthcare industry and its latest milestone, today’s IPO.”
Since 1998 Intel Capital has invested over $700m in more than 120 technology companies in China, and exited a quarter of them.