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IPO of Ningbo David Medical Device Greeted Warmly

publication date: May 14, 2012
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Ningbo David Medical Device Co. completed its IPO on the ChiNext Exchange on May 7, raising 400 million RMB ($63.5 million). The company placed 20 million shares at a price of 20 RMB each, a price/earnings ratio of 30. After rising to a high of 30 RMB, the stock closed today at 26.13 RMB, a return of 31% for the IPO investors. David Medical Device produces infant warmers and products that treat infant jaundice, along with other products that are used in neonatal units. More details....

Stock Symbol: (SHA: 300314)

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