by Richard Daverman, PhD
June 14, 2012 -- Shanghai Kinetic Medical completed an IPO on the ChiNext Exchange, raising 378 million RMB ($59 million). The company, which is headquartered in Shanghai’s Zhangjiang Hi-Tech Park, makes orthopedic devices for the spine that treat vertebral compression fractures caused by osteoporosis. The company issued 13 million shares at 29.09 RMB, a P/E ratio of 46. Its shares climbed 54% to close its first session at 44.74 RMB. More details....
Stock Symbol: (SHE: 300326)
