Hong Kong: Betters Medical thinks better of proceeding with IPO

Betters Medical Investment, one of the leading microwave ablation medical device developers and distributors in China for minimally invasive treatment of tumours, has postponed its HK$347m (US$44.2m) IPO following the more-than-40% collapse in its share price following pricing. The company had originally sold 248 million shares, which priced at the bottom HK$1.40 – HK$1.72 marketing range…