Mindray Raises $152.8 Million in Secondary Offering

Mindray Medical (迈瑞医疗国际有限公司),, the medical device company, priced a secondary offering of 4 million American depositary shares at $38.20 per ADS, raising $152.8 million in new cash. Mindray closed the previous trading session at $38.00. Because Mindray seems to have plenty of cash, the offering was a surprise, and may indicate the company is eyeing some future acquisitions. More details... Stock Symbol: (NYSE: MR)