Meihua International Medical Technologies, a Chinese manufacturer of disposable medical products, raised $36 million by offering 3.6 million shares at $10, the midpoint of the range of $9 to $11. The company offered 1.4 million fewer shares than anticipated.
The company states that it is a provider of Class I, II, and III disposable medical devices. The company serves hospitals, pharmacies, medical institutions, and medical equipment companies in China as well as more than 30 countries internationally across Europe, North America, South America, Asia, Africa, and Oceania. Meihua provides more than 800 products for domestic sales and 120 products for exports.
Meihua International Medical Technologies plans to list on the Nasdaq under the symbol MHUA. Prime Number Capital and Shengang Securities acted as joint bookrunners on the deal.
