QT Vascular Ltd ("QTV" or the "Company") launched its IPO via placement only for a listing on Catalist. The prospectus is here. The Company is issuing 196,429,000 shares at 28 cents each. The IPO will close on 25 April 2014 at 12pm and list on 29 April 2014.
The market cap of the Company at IPO price is S$211.6 million. This is 'spectacular' for a loss making company. Let's find out if there are any reasons why.
Principal Activities
The Company is engaged in the design, assembly and distribution of advanced therapeutic solutions for minimally invasive treatment of complex vascular diseases.
I have to tell you that i know "nuts" about this Company even after receiving a 20 minute download from the deal maker except for one key takeaway. For anyone who needs a heart bypass, this Company's products allows for non-invasive treatment and patients recover faster ...
