First Chinese Company Listed on Nasdaq in 2022

Meihua International Medical Technologies Co Ltd. (NASDAQ: MHUA) was the first Chinese company listed on Nasdaq in 2022. Meihua raised $36 million in a downsized IPO.

It became first China-based company to list in the US since Didi IPO's regulatory backlash. Mainland Chinese company IPOs were silent since July 2021. 

The Yangzhou China-based company was founded in 1990 and booked $89 million in sales for the 12 months ended December 31, 2020. 

Prime Number Capital and Shengang Securities are the joint bookrunners on the deal. 

The company is engaged in providing Class I, II, and III disposable medical devices . It serves Tissot hospitals, pharmacies, medical institutions, and medical equipment companies around the world. 

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