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Thematic (Sector/Industry)

<ul>
<li>Chinese technology, media and telecommunications companies increasingly turned to raising capital on domestic stock markets in the second half of 2021 amid headwinds on selling shares abroad</li>
<li>Initial public offerings (IPOs) in Hong Kong and overseas by the sector, known as TMT companies, declined to 25% of total financing in the second half from 82% in the first</li>
<li>
<p>Meanwhile, 89% of the 74 second-half share flotations by mainland TMT companies took place on China’s markets</p>
<p></p>
</li>
</ul>


Chinese technology, media and telecommunications companies increasingly turned to raising capital on domestic stock markets in the second half of 2021 amid headwinds on selling shares abroad
Initial public offerings (IPOs) in Hong Kong and overseas by the sector, known as TMT companies, declined to 25% of total financing in the second half from 82% in the first

Meanwhile, 89% of the 74 second-half share flotations by mainland TMT companies took place on China’s markets




China’s Tech, Media and Telecom Companies Flock to Domestic Markets

Global Healthcare Analyst

Tina Banerjee

Equity Capital Markets

Meihua International Medical Technologies / Equity Capital Markets

Meihua International Medical Technologies

<ul>
<li>China-Based medical devices company, Meihua International Medical Technologies intends to raise $50 million from its U.S. IPO by offering 5 million shares at price between $9 and $11 per share.</li>
<li>Upon the completion of this offering, the company will have 25 million shares outstanding. At the midpoint of offer price, Meihua will command a market capitalization of $250 million.</li>
<li>Despite attractive valuation, investors can avoid the IPO due to its unimpressive financial performance and concerns over Chinese companies listing in the U.S. market.  </li>
</ul>


China-Based medical devices company, Meihua International Medical Technologies intends to raise $50 million from its U.S. IPO by offering 5 million shares at price between $9 and $11 per share.
Upon the completion of this offering, the company will have 25 million shares outstanding. At the midpoint of offer price, Meihua will command a market capitalization of $250 million.
Despite attractive valuation, investors can avoid the IPO due to its unimpressive financial performance and concerns over Chinese companies listing in the U.S. market.  


Meihua International Medical Technologies Pre-IPO: Risks Overshadow Cheap Valuation

United States

Cutera, Inc. develops and manufactures aesthetic laser systems.  The Company markets the CoolGlide family of products for removal of unwanted hair and treatment of vascular lesions.  Cutera markets the systems to dermatologists, plastic surgeons, and other practitioners worldwide.

Venus Concept Inc. designs and develops medical aesthetic equipment. The Company provides hair transplantation systems for follicular unit extraction and harvesting. Venus Concept serves physicians and patients worldwide.

ElectroCore, Inc. operates as a bio-electronic medicine company. The Company researches and develops therapeutic technologies for the treatment of multiple conditions in neurology and rheumatology. ElectroCore serves customers worldwide.

InVivo Therapeutics Holdings Corp., through its subsidiary, is a medical device company. The Company is focused on utilizing polymers as a platform technology to develop treatments to improve function in individuals paralyzed as a result of traumatic spinal cord injury.

Invacare Corporation manufactures and distributes health care products to the non-acute care market on a worldwide basis.  The Company distributes its products to home care, mass retail, and institutional customers.  Invacare provides items such as respiratory products, home care beds, diabetic supplies, nursing home furniture, and manual and powerized wheelchairs.

Sientra, Inc. manufactures and markets plastic surgery implantable devices. The Company focuses on developing plastic surgery and aesthetics medicine such as cosmetic and reconstructive surgical devices including breast implants, tissue expanders, body contouring implants, and other specialty products. Sientra serves customers throughout the United States.

VolitionRx Limited operates as an epigenetics company. The Company offers a platform to develop and market blood tests designed to diagnose and monitor a range of life-altering diseases, including certain cancers and diseases associated with NETosis such as sepsis and COVID-19. VolitionRx offers its services in the United Kingdom, United States, Singapore, and Belgium.

ViewRay Inc. develops radiation therapy technology for the treatment of cancer. The Company offers radiation therapy systems that images and treats cancer patients simultaneously. ViewRay serves customers worldwide.

Viveve Medical, Inc. manufactures and distributes medical devices. The Company offers electromedical and electrotherapeutic apparatus for tissue restoration. Viveve Medical markets its products worldwide.

SmileDirectClub, LLC designs and manufactures dental equipment. The Company supplies invisible aligners and braces to  get straight teeth. SmileDirectClub serves customers in the United States.

KAINOS Laboratories, Inc. manufactures and sells clinical reagents.  The Company specializes in biochemical reagents as well as immune serum studies.  Kainos Laboratories produces in-house products including measuring equipment and tools through focus on research and development.  The Company also has a close relation with Hitachi Chemical Company for technological tie-up.

EPS Bio Technology Corp. is an OEM/ODM manufacturer of glucose meter and strips with a vision of developing and marketing high quality diabetic self-monitoring system.

Respiri Limited develops and commercializes medical devices. The Company offers wheeze detection devices, inhalers, acoustic sensors, and electronic asthma diaries. as well as renders smartphone applications to detect and measure wheezing and coughing problems. Respiri serves customers worldwide.

CU Medical Systems,Inc., is a medical corporation.  The Company manufactures and  sells medical devices based on  high technology.

Health & Life Co., Ltd. manufactures and markets electronic blood pressure monitors for home and hospital uses.

Adventa Berhad is an investment holding company. The Company, through its subsidiaries, manufactures and distributes sterile surgical and medical examination gloves as well as distributes medical and hospital related products. Adventa also generates and supplies energy and electricity using biomass technology.

KAWAMOTO CORPORATION manufactures medical and nursing products including gauze, bandages, and absorbent cotton.  The Company also produces antibacterial wet paper towels, sanitary products, and childcare goods.

Polylite Taiwan Co., Ltd. manufactures and distributes polycarbonate lenses which include Semi-Finished Single Vision (SFSV) lens, Finished Single Vision (FSV) lens, Progressive lens, and Polarized lens.  The company also provides services such as lens dispending, fitting, edging and finishing.

KM Corp. develops and manufactures a wide range of plastic products such as sanitation gloves, wipers, garments, and cleaners used in semiconductor producing process.

Solco Biomedical Co., Ltd. manufactures and sells medical equipment and medical electronic devices for home health care use, as well as surgical instrument products, such as metal surgical implants and hypothermic units.

Meihua International Medical Technologies Co., Ltd. manufactures and sales disposable medical devices. The Company offers anesthesia kits, medical brush, woman's examination kits, gynecological examination kits, endotracheal intubation, medical masks, anal bags, and suction connecting tube. Meihua International Medical Technologies serves customers worldwide.

Meihua International Medical Technologies (MHUA US)

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Meihua International Medical Technologies (MHUA US)

China’s Tech, Media and Telecom Companies Flock to Domestic Markets

Chinese technology, media and telecommunications companies increasingly turned to raising capital on domestic stock markets in the second half of...

Caixin Global

Meihua International Medical Technologies Pre-IPO: Risks Overshadow Cheap Valuation

Meihua plans to raise $50 million by offering 5 million shares. At midpoint, the company would command a market cap of $250 million. Shares are...

Tina Banerjee

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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