JD Capital-Backed Well Lead Medical Completes Shanghai IPO

Guangzhou-based Chinese medical devices manufacturing firm Well Lead Medical Co., Limited, backed by private equity firm JD Capital, has completed an IPO on the Shanghai Stock Exchange, raising approximately RMB385 million (US$61.4 million) by issuing 25 million shares.

In 2011, JD Capital invested in the company for an undisclosed amount, and kept an 8% stake. Its stake has been lowered to 6%, according to a company filing.

Established in 2004, Well Lead specializes in the research, production, and sales of medical catheters in anaesthesia, urology, respiratory and hemodialysis treatments.

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