{"id":28097,"date":"2022-07-08T22:45:00","date_gmt":"2022-07-08T14:45:00","guid":{"rendered":"https:\/\/flcube.com\/?p=28097"},"modified":"2025-02-25T22:48:28","modified_gmt":"2025-02-25T14:48:28","slug":"rainmed-medical-makes-ipo-debut-on-hong-kong-exchange-with-valuation-over-usd-764m","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=28097","title":{"rendered":"Rainmed Medical Makes IPO Debut on Hong Kong Exchange with Valuation Over USD 764M"},"content":{"rendered":"\n<p>Suzhou Rainmed Medical Technology Co., Ltd, a China-based vascular intervention robot manufacturer, has completed its initial public offering (IPO) on the Hong Kong Stock Exchange. The company\u2019s shares (02297) were priced at HKD 6.24 each, giving it an initial market valuation of over HKD 6 billion (USD 764 million).<\/p>\n\n\n\n<p><strong>Company Profile<\/strong><br>Founded in 2014, Rainmed specializes in surgical robot consoles, robotic arms, and navigation software. It integrates its caFFR, caIMR, and Flash RDN systems into its robotic platform. The firm developed a contrast-based FFR system (caFFR) and a microvascular resistance index system (caIMR), combining biofluid mechanics with medical applications.<\/p>\n\n\n\n<p><strong>Product Highlights<\/strong><br>Rainmed\u2019s angiography-based caFFR system, approved in the EU and China in late 2019, calculates FFR values using real-time imaging and computational fluid dynamics. The system requires no pressure guidewire or vasodilator, completing measurements in five minutes with over 95% accuracy.<\/p>\n\n\n\n<p><strong>Financials and Backing<\/strong><br>Prior to the IPO, Rainmed received investments from Ping An Capital, Greenwoods Asset Management, Cowin Capital, Qingzhou Capital, Seresia Asset Management, and Lighthouse Canton. The company reported a net loss of RMB 51.68 million (USD 7.7 million) in 2021.<a href=\"https:\/\/flcube.com\/\">-Fineline Info &amp; Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suzhou Rainmed Medical Technology Co., Ltd, a China-based vascular intervention robot manufacturer, has completed its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7,10],"tags":[72,2891],"class_list":["post-28097","post","type-post","status-publish","format-standard","hentry","category-company","category-deals","tag-ipo","tag-rainmed-medical"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.6 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rainmed Medical Makes IPO Debut on Hong Kong Exchange with Valuation Over USD 764M - Insight, China&#039;s Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"Suzhou Rainmed Medical Technology Co., Ltd, a China-based vascular intervention robot manufacturer, has completed its initial public offering (IPO) on the Hong Kong Stock Exchange. 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