MicroPort Said to Raise $198 Million in Hong Kong IPO
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MicroPort Scientific Corp., which makes equipment for keyhole surgery, raised about HK$1.54 billion ($198.3 million) selling shares at the top of its price range in an initial public offering in Hong Kong, according to two people with knowledge of the transaction.
The Shanghai-based producer of coronary stents sold 252.7 million shares at HK$6.10 apiece, said the people, who declined to be identified because the information was private. Terms for the sale earlier showed that MicroPort had planned to sell shares at HK$4.60 to HK$6.10.