MHUA News

In February, eight IPOs raised $271 million, a 76% y/y decline in IPO count and a 97% drop in proceeds. February IPOs raised fewer proceeds than any month since November 2018. The month’s issuers were primarily micro-caps, as the average deal size shrank to a mere $34 million; just one deal raised more than $100 million. Issuance was slow as companies finished preparing 4Q21...read more

The IPO market's run of small issuers continued this past week with two healthcare micro-caps, joined by five SPACs. The pipeline was fairly active with initial filings from three IPOs and two SPACs. ...read more

Meihua International Medical Technologies (MHUA) raised $36 million in its Nasdaq debut this week, the first Chinese firm to list in the US since October 2021. The maker of disposable medical products popped 29% on its first day, before plummeting 30% on day two, finishing Thursday 10% below the offer price. Chinese firms seeking to list in the US have been...read more

While market conditions have forced most IPO candidates to the sidelines, small issuers continue to list, dominating the IPO calendar in recent weeks. As we noted, many have added warrants. Nine of the year’s 15 IPOs have raised $50...read more