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Equity· IPO

Xiamen Leading Optics’s IPO debut on Shanghai Stock Exchange today

CKN
minutes 2020/07/30 02:56:13
2,455

Jul 30, 2020 (China Knowledge) - Xiamen Leading Optics (605118) to start trading on the Shanghai Stock Exchange - Main Board today, at a public offering price of RMB 9.28 per share, raising RMB 380.48 mln. Its initial listing shares account for 10% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 22.99.

Sinolink Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Xiamen Leading Optics said its IPO was 2,920 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. We expect the IPO to hit limit of 44% increment in its first day of listing. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Xiamen Leading Optics Co Ltd is a manufacturer and wholesaler of optical instruments and lenses. The Company was founded in September 2002 and is located in Xiamen, China.

In financial year 2019, Xiamen Leading Optics garnered a total revenue of RMB 465.49 mln, down 12% YoY. In terms of net income, it achieved RMB 183 mln, down 9% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 34.39% and 25.92% respectively, earning per share (EPS) of 0.5 RMB.

 

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