Mindray Selects VDM Specialists for its IPO on NYSE

- IPO Reflects Growth of VDM Specialists' Medical Devices and Chinese Client Bases - 


NEW YORK, Sept. 26  /PRNewswire-FirstCall/ -- VDM Specialists, LLC today announced that it began the trading of Mindray Medical International Limited (NYSE:MR), a leading medical device designer and manufacturer in China, on the New York Stock Exchange.  The IPO comprised 20 million American Depositary Shares at $13.50 per share, raising approximately $270 million. The sale represents approximately 20% of Mindray's outstanding shares.

Headquartered in Shenzhen, PRC, Mindray offers a broad range of more than 40 products across three primary business segments: patient monitoring devices, diagnostic laboratory instruments and ultrasound imaging systems. Mindray is the second Chinese company to select VDM Specialists for its IPO on NYSE, and the second to list on NYSE this year.

"VDM provides the global specialist perspective we needed to successfully list on NYSE," said Hang Xu, Chairman and Co-CEO of Mindray. "We selected VDM due to its superior trading services, and are confident that the firm will assist us in leveraging our U.S. listing to its fullest potential."

"We are proud to welcome Mindray to our growing client roster in the medical device space," said Robert Fagenson, CEO of VDM Specialists, LLC. "As our newest international client, Mindray's listing is further evidence of VDM Specialists' expertise and track record in assisting global companies with their NYSE listings, and reflects the new generation of Chinese companies tapping global capital markets."

VDM Specialists currently represents several companies across the medical device and biotech space, including PerkinElmer Inc., Stryker Corp. and Waters Corporation.

About Mindray Medical International Limited

Mindray Medical International Limited is a leading developer, manufacturer and marketer of medical devices in China with a significant and growing presence outside of China.  Established in 1991, Mindray offers a broad range of products across three primary business segments:  patient monitoring devices, diagnostic laboratory instruments, and ultrasound imaging systems. Mindray is headquartered in Shenzhen, China, and has 29 local sales and services offices in China, as well as sales and services offices in Boston, Istanbul, London and Vancouver.

About VDM Specialists, LLC

As one of the largest specialist firms on the NYSE, VDM Specialists represents over 400 leading issues including Pfizer, Hewlett-Packard, The Walt Disney Co. and Tiffany & Co. Included are over 80 non-U.S. issues, spanning the Americas, Europe, Middle East, Africa and Asia Pacific, reflecting VDM Specialists' strong record of assisting market leaders worldwide.  VDM Specialists is part of publicly traded Van der Moolen Holdings NV (NYSE:VDM). For more information about VDM Specialists, please visit http://www.vdm-usa.com/. 

DATASOURCE: VDM Specialists, LLC



CONTACT:  Mark A. Baer, Managing Director, [phone],

; Tristan B. Peniston-Bird of Gavin Anderson & Company,

[phone],  



Web site:  http://www.vdm-usa.com/ 

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