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Financings In Brief

This article was originally published in The Gray Sheet

Executive Summary

Dehaier Medical Systems goes public: Developer of medical devices for the Chinese market goes public through a $12 million offering of 1.5 million shares at $8 each, completed April 22. The firm assembles branded products at its Beijing facility from components made by third parties, and also distributes finished products made by other companies. Offerings include x-ray, anesthesia and patient monitoring systems, as well as home respiratory and oxygen products. Proceeds from the initial public offering are tabbed for R&D, marketing, potential acquisitions and working capital. The shares trade on the Nasdaq exchange under the symbol "DHRM." Anderson & Strudwick was placement agent for the offering
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