
Noah Medical, a US-headquartered surgical robotics company, aims to raise over $100 million via a Hong Kong IPO as early as next year to expand in mainland China and Hong Kong, citing the city's status as a global financial hub, while 90% of its revenue currently comes from the US where its robots have treated 15,000 patients.
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Noah Medical is a US-headquartered surgical robotics company seeking to expand its business in mainland China and Hong Kong through a planned Hong Kong IPO.
The US-headquartered company aimed to raise more than US$100 million and planned to file its listing application as early as next year, according to founder Zhang Jian.
“We want to expand our business in [mainland] China, and Hong Kong – as an international financial centre with a globally recognised stock exchange – is the natural choice for our listing,” Zhang said in an interview on the sidelines of MedTech World Asia in Hong Kong on Thursday.
Hangzhou’s Sir Run Run Shaw Hospital is a target customer, following regulatory approval from China’s drug regulator in November last year.
In Hong Kong, Prince of Wales Hospital had purchased Noah Medical’s equipment, Zhang said.
Currently, 90 per cent of the company’s revenue is generated in the United States, where its surgical robots have treated about 15,000 patients.
AI outlook — possibilities, not facts
Noah Medical will file its Hong Kong listing application as early as next year
Likely · Within months

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