Mindray prices IPO

Medical device manufacturer Mindray Medical International of Shenzhen, China, announced the pricing of its initial public offering (IPO) of 20 million American Depositary Shares (ADSs) at a price of $13.50 per ADS, listed on the New York Stock Exchange under the ticker symbol MR.

The firm, which develops patient monitoring devices, diagnostic laboratory instruments, and ultrasound imaging systems, said it will use the net proceeds of the IPO to construct a new headquarters building and expand its manufacturing, assembly, and warehouse facilities.

By AuntMinnie.com staff writers
September 26, 2006

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