Brand Meditech, a Hong Kong-based procurer of medical devices and software to distributors, filed on Thursday with the SEC to raise up to $7 million in an initial public offering.
The Hong Kong-based company plans to raise $7 million by offering 0.9 million shares at a price range of $7 to $9. At the midpoint of the proposed range, Brand Meditech will command a market cap of $87 million.
Brand Meditech, through its subsidiaries, sells medical equipment and software to distributors and medical institutions across Hong Kong and mainland China. Its offerings include medical products such as infusion pumps, anesthesia laryngoscopes, portable X-ray machines, and automated external defibrillators, and a suite of proprietary medical software including preclinical imaging post-processing software Prim and MRI analysis software iMRIPlus.
The Hong Kong-based company was founded in 2003 and booked $25 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol AED. Maxim Group LLC is the sole bookrunner on the deal.
