MHUA - Investors Give Then Take Away In Meihua's New York Trading Debut

• The muted market reception isn’t too surprising, since the listing has come from a relatively low-tech disposable medical device maker called Meihua International Medical Technologies Co., Ltd.
• The company first filed its IPO prospectus last August, not long after the freeze began when the Uber-like DiDi Global (DIDI) raised Beijing’s wrath by making a New York listing before China’s Internet regulator conducted a required data security review.
• The company pointed out in its prospectus that demand for face masks, protective clothing and gloves has exploded during the pandemic, citing third-party research that says the China market grew more than tenfold in 2020 from 2019.

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