Chinese health-focused 111 Inc. has raised US$100.5 million in a downsized initial public offering (IPO) in the US. The company sold 7.17 million American Depository Shares (ADS) at US$14 apiece, according to company’s prospectus filed with the US Securities and Exchange Commission. Formerly known as New Peak Group, the Shanghai-based 111 Inc. is an integrated online and offline drugstore and healthcare platform. The company had initially eyed a US$200 million IPO by selling 9.3 million ADS at a price range of …

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