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IPO Detail
06609 心瑋醫療-B
HEARTCARE-B
Listing Date2021/08/20
Listing Price171.000
 
Quote
  • 100.300 -0.900 (-0.889%)    Sink Below Listing Price
  • 15-min delayed, last update: 21/10/2021 17:59
Subscription Result
  • Subscription Rate
    333.14x
  • Guarantee One Lot Size
    200 lot
  • One Lot Success Rate
    10%
COMPANY PROFILE

Shanghai HeartCare Medical Technology is an innovative neuro-interventional medical device company. Its product portfolio includes both neuro-interventional and cardiac medical devices. It strives to reduce the mortality rate and improve prognosis of stroke in China and worldwide through the commercialization of our product candidates.

The Group two Core Products are CaptorTM thrombectomy device (Captor), which is for acute ischemic stroke and has been commercialized in China, and left atrial appendage (LAA) occluder, which is for atrial fibrillation and is in NMPA registration review. It has a broad portfolio of four commercialized products and 19 product candidates covering all major stroke subtypes and surgical pathways in the neuro-interventional field.

The Group had commercialized four ischemic stroke treatment devices forming a complete product suite for stent retrieving thrombectomy procedures. It commenced sales for the thrombectomy device, the distal access catheter and microcatheter in the product suite in 2020 and for our balloon guiding catheter in April 2021. Additionally, it expects to commercialize nine product candidates in 2021 and commercialize another 10 product candidates between 2022 and 2025, including the global-first1 sirolimus intracranial drugeluting balloon catheter for intracranial stenosis treatment.

All of sales revenue was sourced from distributors. As of March 31, 2021, the Group had 41 distributors covering 1135 hospitals across over 25 provinces in China.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth Care
Major Business AreaChina
Board Lot50
GLOBAL OFFERING
No. of Offer Shares6.60M H shares
No. of International Offer Shares5.94M H shares
No. of HK Offer Shares0.66M H shares
Offer Price$160.00 - $171.00
Stock Code6609
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited, Goldman Sachs (Asia) L.L.C.
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, Futu Securities International (Hong Kong) Limited, Goldman Sachs (Asia) L.L.C.
TIME TABLE
Application PeriodAug 10 (Tue) - noon, Aug 13 (Fri)
Price Determination DateAug 13 (Fri)
Result Announcement DateOn or Before Aug 19 (Thu)
Result Announcement DateOn or Before Aug 19 (Thu)
Dealings in Shares commence onAug 20, 2021. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$160.00 - $171.00
Capitalization (H Shares)5.05B - 5.40B
NAV / share ($)$43.94 - $45.7 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 165.5, the net proceeds raised would be HKD 981.00M, of which
45.3% : allocate to Core Products;
39.9% : allocate to other product candidates;
4.8% : fund improvements to R&D capacities and expansion of product portfolio; and
10% : additional working capital
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
02160CARDIOFLOW-Bdown5.700-0.230-3.879%
02500VENUS MEDTECH-Bdown40.650-0.700-1.693%
06609HEARTCARE-Bdown100.300-0.900-0.889%
09996PEIJIA-Bdown19.500-0.950-4.645%
15-min delayed, last updated: 21/10/2021 17:59
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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