chinese-medical-equipment-maker-prices-us-ipo-above-range

Chinese medical equipment maker prices US IPO above range

More than 500 investors want a piece of Mainland industry leader Mindray, allowing it to raise $270 million via Goldman Sachs and UBS.
Chinese medial equipment manufacturer Mindray Medical International raised $270 million ahead of last nightÆs trading debut on the New York Stock Exchange after pricing its initial public offering above the indicated range.

Investors piled into the offering which was the largest US IPO by a Chinese company this year and the largest ever Chinese healthcare listing in any market, leaving the order book well over 30 times covered at the end of a 10-day roadshow even though individual orders were capped at 10% of the total. More than 500 investors signed up to get shares in the company, which is the market leader within medical equipment in China û an industry which is benefiting from...
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