Report
Sumeet Singh
EUR 85.33 For Business Accounts Only

MicroPort MedBot IPO

aims to raise up to US$200m in its Hong Kong IPO.

MicroPort MedBot (MM) is a surgical robot company which designs, develops and commercializes surgical robots to assist surgeons in performing complex surgical procedures. It is the only company with a product portfolio covering the five major and fast-growing surgical specialties of laparoscopic, orthopedic, panvascular, natural orifice and percutaneous surgical procedures, as per Frost & Sullivan (F&S).

We have looked at the company’s background and products in our earlier notes:
MicroPort MedBot Pre-IPO - RoboDoc - pre-revenue, has a large competitor but a large market as well,
MicroPort MedBot Pre-IPO - RoboDoc - PHIP updates and a look at its Largest competitor, and
MicroPort MedBot Pre-IPO - Thoughts on valuation

In this note, we will run the deal through our ECM framework and comment on valuations.
Underlyings
MicroPort Scientific Corp

SHANGHAI MICROPORT MEDBOT GR

SHANGHAI MICROPORT MEDICAL G

Provider
Aequitas Research
Aequitas Research

Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m. 

Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
 
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
 
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.

Analysts
Sumeet Singh

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