Shares of orthopedic implant maker China Kanghui Holdings (KH.NYSE) rose nearly 19% on the New York Stock Exchange yesterday after the stock debuted, Reuters reported. The strong performance bucked the overall slump in the market. MediaMind Technologies (MDMD.NYSE), which also debuted yesterday, declined 4%. Kanghui makes titanium and stainless steel devices for treating bone fractures, and investors are bullish on the market in China, which is expected to grow 18% annually through 2015. Kanghui is the second-largest player in the domestic orthopedic market. Most other NYSE IPOs of Chinese companies have not done so well. Ambow Education Holding (AMBO.NYSE) is now trading 15% below its August 5 IPO price. Camelot Information Systems (CIS.NYSE) have fallen 2.1% since debuting in late July. Kanghui posted a first-quarter net loss, but revenue grew 29.6% to US$7.2 million.
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