NEW YORK -- So-Young, an online marketplace in China for cosmetic procedures, surged Thursday on Nasdaq after its $179 million initial public offering, reflecting investor appetite for the country's aesthetic medicine boom.
The Beijing-based company opened at $16.50 on its first day of trading -- about 20% above the IPO price -- crested at $19.98 and closed at $18.20 on a down day for the Nasdaq composite and two other big-name U.S. stock indexes. The company originally filed for a $150 million listing but later raised its target, a sign of high demand.
