- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- SKorean trade chief urges US to move on agreement
- Poll: Americans conflicted over health overhaul
- Clothing sales down Nov., but online roars back
- SKorea pledges to double aid to Africa
- Govt issues record 2.1M recall for dropside cribs
- China Eastern Airlines teams up with Alibaba
- Kinder Morgan expects to pay $4.40 annual dividend
- Mich. spammer gets 4 years in stock fraud scheme
- Icahn outbids Penn to open Fontainebleau auction
Text Size 
NEW YORK - Dehaier Medical Systems filed for an initial public offering Thursday. The medical device company wants to sell 1.25 million to 1.5 million shares at $7 to $9 each.
The company could raise $10 million to $12 million from its IPO before deducting expenses.
Dehaier develops, makes and sells home respiratory and oxygen products and other medical devices in China. The company is based in the British Virgin Islands, and has a subsidiary in Hong Kong, and owns a majority stake in a company based in China.
Shares will trade under the symbol "DHRM."
Dehaier reported a profit of $2.1 million in the first nine months of 2009, up from $980,000 in all of 2008. For the first nine months of 2009, revenue totaled $9.4 million. That was about the same as its full-year 2008 total.
The company said China is the third largest medical device market in the world, behind the U.S. and Japan, and the market for medical technology is expected to grow rapidly.
Print
Email
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- The energy company Power Efficiency is building tools that regulate the power electric motors use.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes