Winner Medical landed on China’s Growth Enterprise Market (GEM) on September 17, a fruitful reward for its cornerstone investor Sequoia China after six years.
The Shenzhen-based company, founded in 2000, has gone public on China’s Growth Enterprise Market (GEM). Winner Medical (300888:SZ) issued 50 million shares at CNY 74.3 per share and opened at CNY 125 per share at a CNY 55 billion market value. The company owns two business brands, ‘Winner Medical’ and ‘Purcotton Times’ and a retail platform, ‘PureH2B Life’.
Sequoia China was the only investor of Winner Medical in 2014 and backed up the company for the following six years, holding 8.09% shares post the IPO. As a company driven by ‘healthcare’ and ‘consumption,’ Winner Medical shows its in-depth business understanding of China’s healthcare and consumer market.