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Peijia Medical Raises $302 Million in Hong Kong IPO for Medical Devices

publication date: May 21, 2020

Peijia Medical of Suzhou completed a $302 million Hong Kong IPO for its medical device business. Peijia has developed a line of transcatheter heart valves and neurointerventional surgery devices for stroke. The company sold 25% of its expanded share base in the offering at a market capitalization of $1.2 billion. The shares available for public investors were 1,183 times oversubscribed, showing strong interest. The stock is trading about 8% higher above the offering price. More details....

Stock Symbol: (HK: 09996)

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