Mindray Selects VDM Specialists for its IPO on NYSE
September 26 2006 - 10:27AM
PR Newswire (US)
- IPO Reflects Growth of VDM Specialists' Medical Devices and
Chinese Client Bases - NEW YORK, Sept. 26 /PRNewswire-FirstCall/ --
VDM Specialists, LLC today announced that it began the trading of
Mindray Medical International Limited (NYSE:MR), a leading medical
device designer and manufacturer in China, on the New York Stock
Exchange. The IPO comprised 20 million American Depositary Shares
at $13.50 per share, raising approximately $270 million. The sale
represents approximately 20% of Mindray's outstanding shares.
Headquartered in Shenzhen, PRC, Mindray offers a broad range of
more than 40 products across three primary business segments:
patient monitoring devices, diagnostic laboratory instruments and
ultrasound imaging systems. Mindray is the second Chinese company
to select VDM Specialists for its IPO on NYSE, and the second to
list on NYSE this year. "VDM provides the global specialist
perspective we needed to successfully list on NYSE," said Hang Xu,
Chairman and Co-CEO of Mindray. "We selected VDM due to its
superior trading services, and are confident that the firm will
assist us in leveraging our U.S. listing to its fullest potential."
"We are proud to welcome Mindray to our growing client roster in
the medical device space," said Robert Fagenson, CEO of VDM
Specialists, LLC. "As our newest international client, Mindray's
listing is further evidence of VDM Specialists' expertise and track
record in assisting global companies with their NYSE listings, and
reflects the new generation of Chinese companies tapping global
capital markets." VDM Specialists currently represents several
companies across the medical device and biotech space, including
PerkinElmer Inc., Stryker Corp. and Waters Corporation. About
Mindray Medical International Limited Mindray Medical International
Limited is a leading developer, manufacturer and marketer of
medical devices in China with a significant and growing presence
outside of China. Established in 1991, Mindray offers a broad range
of products across three primary business segments: patient
monitoring devices, diagnostic laboratory instruments, and
ultrasound imaging systems. Mindray is headquartered in Shenzhen,
China, and has 29 local sales and services offices in China, as
well as sales and services offices in Boston, Istanbul, London and
Vancouver. About VDM Specialists, LLC As one of the largest
specialist firms on the NYSE, VDM Specialists represents over 400
leading issues including Pfizer, Hewlett-Packard, The Walt Disney
Co. and Tiffany & Co. Included are over 80 non-U.S. issues,
spanning the Americas, Europe, Middle East, Africa and Asia
Pacific, reflecting VDM Specialists' strong record of assisting
market leaders worldwide. VDM Specialists is part of publicly
traded Van der Moolen Holdings NV (NYSE:VDM). For more information
about VDM Specialists, please visit http://www.vdm-usa.com/.
DATASOURCE: VDM Specialists, LLC CONTACT: Mark A. Baer, Managing
Director, +1-646-576-2700, ; Tristan B. Peniston-Bird of Gavin
Anderson & Company, +1-212-515-1933, Web site:
http://www.vdm-usa.com/
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