AVG Technologies N.V.

AVG

The Hong Kong-based provider of pain relief services using traditional Chinese principles aims to raise about $7.2 million through its U.S. listing, valuing it at up to $200 million

Anew Health Ltd.'s revenue growth is rapidly declining, with reduced gross profit, lower operating profit, and uneven cash flow. AVG plans to raise $20 million in an IPO to expand its service centers and develop new pain management devices. Despite a large market opportunity in traditional Chinese medicine, Anew faces intense competition and challenges in hiring qualified employees.