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Equity· IPO

China IPO Weekly: 8 IPOs ready for subscription to raise USD 1.33 bln

CKN
minutes 2020/09/28 07:54:40
3,473

Sep 28, 2020 (China Knowledge) - Last week there were 6 companies approved by China Securities Regulatory Commission (CSRC) for subscription on the A-shares board to raise a total amount of RMB 7.55 bln (USD 1080 mln). These IPOs are in the final phase of bookbuilding, price setting and for subscription. There were 2 IPOs on the SSE STAR Market (sci-tech board) raising a total amount of RMB 1.72 bln (USD 250 mln), ready for subscription.

China’s IPO market saw 19 IPO debuts last week, with 4 took place in the STAR Market, raising RMB 13.0 bln (USD 1.9 bln).
As of last Friday the returns of these A-shares’ IPOs were:

1. listed: 25/9 - Elite Color Environmental Resources Science&Technology (002998) up 44%
2. listed: 25/9 - Shaanxi Zhongtian Rocket Technology (003009) up 44%
3. listed: 25/9 - Guangzhou Ruoyuchen Technology (003010) up 44%
4. listed: 25/9 - Shanghai Zhonggu Logistics (603565) up 44%
5. listed: 24/9 - Friend (605050) up 35%
6. listed: 23/9 - Beijing ZZNode Technologies (003007) up 74%
7. listed: 23/9 - Xuchang KETOP Testing Research Institute (003008) up 52%
8. listed: 22/9 - Shanxi Huhua Group (003002) up 83%
9. listed: 22/9 - Beijing Jingyeda Technology (003005) up 92%
10. listed: 21/9 - Guangdong Tengen Industrial Group (003003) up 111%
11. listed: 21/9 - Chongqing Baiya Sanitory Products (003006) up 111%
12. listed: 21/9 - Aurisco Pharmaceutical (605116) up 111%

Unlike above A-shares, IPOs listed on STAR Market and ChiNext Market are not subjected to maximum price increase or decrease in the first 5-days of trading, and will also have limit up and limit down on daily trading prices but with a wider band of 20%.

Accordingly, as of last Friday the returns of these two markets' IPOs were:

1. Road Environment Technology (688156 - listed: 22/9) up 62%
2. Wuhan Keqian Biology (688526 - listed: 22/9) up 177%
3. Zhejiang Lante Optics (688127 - listed: 21/9) up 81%
4. 3peak (688536 - listed: 21/9) up 129%
5. Pinlive Foods (300892 - listed: 24/9) up 142%
6. Zhejiang Songyuan Automotive Safety Systems (300893 - listed: 24/9) up 214%
7. Beijing Topnew Info & Tech (300895 - listed: 24/9) up 370%

Year-to-date IPO performance

To date there are 107 A-shares applicants lined up for listing on SSE or SZSE, with 11 approved last week for listing; 56 companies applied for STAR Market have also received approval from CSRC.

 

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