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MHUA - U.S. IPO Weekly Recap: The IPO Market's Micro-Cap Run Continues With 2 Small Healthcare Deals
Meihua International Medical Technologies Co. Ltd.
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.
Meihua International Medical Technologies downsized and priced at the midpoint to raise $36 million at a $236 million market cap.
Five SPACs went public led by media and entertainment-focused PowerUp Acquisition, which raised $250 million.