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Meihua Stock Takes Off in Rare U.S. IPO of Chinese Company – MarketWatch

News Snapshot:

Meihua listed its stock on the Nasdaq. Michael Nagle/Bloomberg One of the few Chinese companies to go ahead with a traditional U.S. IPO since DiDi Global ran afoul of Beijing’s regulators following its own listing has scored a pop. Stock in Meihua International Medical Technologies (ticker: MHUA), a medical-device maker, rose nearly 39% in early afternoon trading Wednesday. DiDi Global went public in late June , and just days later, on July 2, the company said Chinese regulators had targeted it for a cybersecurity review. The Chinese ride-hailing company then was forced to stop registering new users in China and…

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