China's Meihua jumps in U.S. debut after IPO size slashed
16/02/2022 17:42
** Meihua International Medical Technologies MHUA.O shares
up 28.0% at $12.80 after it becomes first China-to-U.S. IPO in
months
** Co sold 3.6 mln shares at $10, midpoint of $9-11 filed
range urn:newsml:reuters.com:*:nPn5yfcwla
** MHUA had planned to offer 5 mln shares
** Co says it provides Class I, II, and III disposable
medical device, and serves hospitals, pharmacies, medical
institutions, and medical equipment firms in China as well as
more than 30 countries internationally
** Meihua is first China-based firm to list in U.S. since
LianBio LIAN.O , which debuted on Nov 1, also on the Nasdaq,
after pricing $325 mln IPO urn:newsml:reuters.com:*:nASA02PGI
** Some Chinese firms have recently revived U.S. IPO plans,
after ridesharing giant Didi Global's DIDI.N NYSE listing in
late Jun triggered regulatory backlash by Beijing urn:newsml:reuters.com:*:nL4N2UO0AM
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))