Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Shenzhen Edge Medical / Equity Capital Markets

<ul>
<li>Shenzhen Edge Medical, a China-based surgical robotic company, is seeking to raise at least USD 100 million via a Hong Kong listing. MS and GF are the joint book runners.</li>
<li>In this note, we look at the company’s main product, MP1000, and assess the selling point and the market dynamics.</li>
<li>We also look at the company’s management experiences and pre-IPO investors.</li>
</ul>


Shenzhen Edge Medical, a China-based surgical robotic company, is seeking to raise at least USD 100 million via a Hong Kong listing. MS and GF are the joint book runners.
In this note, we look at the company’s main product, MP1000, and assess the selling point and the market dynamics.
We also look at the company’s management experiences and pre-IPO investors.


Shenzhen Edge Medical (精锋医疗) Pre-IPO: Fast Follower, Competition Is Intense

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

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Equity Bottom-Up

<ul>
  <li>
<a href="https://smartkarma.com/entities/shenzhen-edge-medical-co-ltd">Shenzhen Edge Medical</a> is a leading Chinese surgical robotics company, notable for being the first in China and second globally to have multi-port, single-port, and bronchoscopy surgical robots approved for market launch.</li>
  <li>The company is strategically positioned to capitalize on the rapidly growing but under-penetrated surgical robotics market in China, which is supported by strong government initiatives and increasing healthcare demand.</li>
  <li>Despite its technological advancements and strong investor backing, the company is in its pre-revenue stage, facing significant net losses due to high R&amp;D expenditure and intense competition from both domestic and international players.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Shenzhen Edge Medical is a leading Chinese surgical robotics company, notable for being the first in China and second globally to have multi-port, single-port, and bronchoscopy surgical robots approved for market launch.
  The company is strategically positioned to capitalize on the rapidly growing but under-penetrated surgical robotics market in China, which is supported by strong government initiatives and increasing healthcare demand.
  Despite its technological advancements and strong investor backing, the company is in its pre-revenue stage, facing significant net losses due to high R&amp;D expenditure and intense competition from both domestic and international players.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Shenzhen Edge Medical (SEM HK) - Nov 2025

HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

<ul>
<li>MP1000 has strong technical strength, setting it apart from Toumai. SP1000’s advantages are more obvious and the competitive landscape is also better than multi-port surgical robots, indicating corner overtaking opportunity.</li>
<li>With favorable policy support, <a href="https://www.smartkarma.com/entities/shenzhen-edge-medical-co-ltd" target="_blank" data-smartkarma-citation="entities:35912:1" rel="noopener">Shenzhen Edge Medical (SEM HK)</a> is embracing a golden opportunity. But the commercialization outlook of surgical robots in China is actually not optimistic.</li>
<li>As a later-comer in surgical robots industry, without the synergy from parent company, Edge’s future sales performance could be even weaker. So, its valuation should be lower than Medbot.</li>
</ul>


MP1000 has strong technical strength, setting it apart from Toumai. SP1000’s advantages are more obvious and the competitive landscape is also better than multi-port surgical robots, indicating corner overtaking opportunity.
With favorable policy support, Shenzhen Edge Medical (SEM HK) is embracing a golden opportunity. But the commercialization outlook of surgical robots in China is actually not optimistic.
As a later-comer in surgical robots industry, without the synergy from parent company, Edge’s future sales performance could be even weaker. So, its valuation should be lower than Medbot.


Pre-IPO Shenzhen Edge Medical - The Surgical Robot Business in China Is Proving Harder than Expected

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Shenzhen Edge Medical (SEM HK)

Shenzhen Edge Medical (精锋医疗) Pre-IPO: Fast Follower, Competition Is Intense

China's Shenzhen Edge Medical plans to raise $100 million through a Hong Kong listing. We look at their surgical robotic product MP1000, market...

Ke Yan, CFA, FRM

Primer: Shenzhen Edge Medical (SEM HK) - Nov 2025

Shenzhen Edge Medical is a leading Chinese surgical robotics company, notable for being the first in China and second globally to have...

αSK

Pre-IPO Shenzhen Edge Medical - The Surgical Robot Business in China Is Proving Harder than Expected

Surgical robots is always a hot field, but even with favorable policy, it’s difficult to make profits in China. Edge's commercialization outlook is...

Xinyao (Criss) Wang

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Shenzhen Edge Medical (精锋医疗) Pre-IPO: Fast Follower, Competition Is Intense

​China's Shenzhen Edge Medical plans to raise $100 million through a Hong Kong listing. We look at their surgical robotic product MP1000, market...

Ke Yan, CFA, FRM

Primer: Shenzhen Edge Medical (SEM HK) - Nov 2025

Shenzhen Edge Medical is a leading Chinese surgical robotics company, notable for being the first in China and second globally to have...

αSK

Pre-IPO Shenzhen Edge Medical - The Surgical Robot Business in China Is Proving Harder than Expected

Surgical robots is always a hot field, but even with favorable policy, it’s difficult to make profits in China. Edge's commercialization outlook is...

Xinyao (Criss) Wang

China's Shenzhen Edge Medical plans to raise $100 million through a Hong Kong listing. We look at their surgical robotic product MP1000, market...