Meihua International Medical Technologies Co Ltd, a disposable medical devices manufacturer, raised $36 million by offering 3.6 million ADSs at $10, the midpoint of the proposed range of $9 to $11.
The company provides their customers with One-stop solution for a variety of safety and quality disposable medical devices. As a medical device manufacturing and sales company, they are subject to extensive government regulation and supervision in China.
The Yangzhou, China-based company was founded in 1990 and booked $89 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Market under the symbol “MHUA.”. Prime Number Capital and Shengang Securities are underwriters of the IPO.
The company engages The Crone Law Group, P.C. as US Securities Counsel, and Briggs & Veselka Co. as Independent Auditor.
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