Meihua International Medical Technologies Co., Ltd Stock Up 4.80% Since IPO

Meihua International Medical Technologies Co., Ltd MHUA opened up its shares for public trading for the first time since it filed for IPO in August 2021. The company agreed to initially offer 3.60 million shares to the public at a $10.00 per share. On its first day of trading, the stock rose 4.80% from its opening price of $10.0 to its closing price of $10.48.

Meihua International Medical Technologies Co., Ltd Performance On First Day of Trading

About Meihua International Medical Technologies Co., Ltd and It's IPO

Meihua International Medical Technologies, a reputable manufacturer and provider of Class I, II, and III disposable medical devices with operating subsidiaries in China

For its IPO, MHUA agreed to offer 3.60 million shares at a price of $10.00 per share, with an insider lock-up period of 180 days, ending on August 15, 2022.

An insider lock-up period is a period of time after a company first goes public where major shareholders are not allowed to sell their shares. The insider lock-up period makes sure that the market does not get oversupplied with shares of the company.

Traders may short the stock leading up to the lockup-period expiration date in hopes that the price will fall due to an increase in supply of shares. Retail traders should be watching this stock's short interest as it moves closer to lockup expiration.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.