Kanghui Files for IPO on NY Stock Exchange

China Kanghui Holdings, a medical-device company, filed its registration papers to make an IPO on the New York Stock Exchange that will raise up to $75 million. Kanghui makes orthopedic implants such as plates and screws for use in treating trauma or spinal conditions. It recorded a profit of $11 million on sales of $27 million in 2009. However, the accretion of convertible preferred shares turned the profit into a net loss of $1.7 million. More details....