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Chinese medical device maker Meihua files for New York IPO

Filing first since Beijing and Washington regulators targeted new listings

Meihua International Medical Technologies, which sell disposable medical products, such as testing kits and bandages, in China and 30 other countries, did not mention Beijing's new crackdown in its prospectus.   © Reuters

HONG KONG -- Meihua International Medical Technologies is seeking to become the first Chinese company to undertake an initial public offering in the U.S. since regulators in both Beijing and Washington clamped down on such listings last month.

The Yangzhou-based medical device maker filed a preliminary prospectus with the U.S. Securities and Exchange Commission this week, aiming to raise as much as $69 million through an offering on the Nasdaq Stock Market.

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