Renaissance Capital logo

WORK Medical Technology Group Priced, Nasdaq: WOK

Chinese manufacturer of disposable medical products.

Industry: Health Care

Latest Trade: $6.03 0.00 (0.0%)

First Day Return: -10.0%

Return from IPO: +50.8%

Industry: Health Care

We are a supplier of medical devices in China. We develop and manufacture Class I and II medical devices and sell Class I and II disposable medical devices through operating subsidiaries in China. The PRC subsidiaries’ products include, to name a few, medical face masks, artery compression tourniquets for bleeding control, disposable breathing circuits for delivering oxygen and anesthetic gases, laryngeal mask airways for keeping patients’ airways open during anesthesia and endotracheal tubes for keeping the trachea open for air to get to the lungs. The PRC subsidiaries have been providing medical devices to hospitals, pharmacies, and medical institutions since 2002. The PRC subsidiaries currently have a total of 20 medical devices in their product portfolio. All of them are sold domestically, and 15 of them are sold internationally. In the Chinese market, the PRC subsidiaries’ products are sold in 34 provincial-level administrative regions. Internationally, the products are exported to more than 30 countries in Asia, Africa, Europe, North America, South America, and Oceania. In the meantime, the PRC subsidiaries have established a strict quality management system. The PRC subsidiaries have 17 products that have passed the inspections administered by local authorities in Zhejiang province and obtained the registration certificates.
more less
IPO Data
IPO File Date 04/27/2023
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/22/2024
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Kingswood Capital Markets
Company Data
Headquarters Hangzhou, China
Founded 2002
Employees at IPO 226
Website hzsy120.com

WORK Medical Technology Group (WOK) Performance