WORK Medical Technology Group, a Chinese manufacturer of disposable medical products, filed on Thursday with the SEC to raise up to $10 million in an initial public offering.
Through its PRC subsidiaries, WORK Medical Technology develops, manufactures, and sells disposable medical products. Its portfolio currently consists of 20 medical products, including medical face masks, artery compression tourniquets, disposable breathing circuits, laryngeal mask airways, and endotracheal tubes. All of the devices are sold domestically, and 15 are sold internationally.
The Hangzhou, China-based company was founded in 2002 and booked $20 million in revenue for the 12 months ended September 30, 2022. It plans to list on the Nasdaq under the symbol WOK. WORK Medical Technology Group filed confidentially on June 23, 2022. Univest Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
