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Equity· IPO

Touchstone International Medical Science’s IPO debut on SSE STAR Market today

CKN
minutes 2020/09/28 10:11:19
4,335

Sep 28, 2020 (China Knowledge) - Touchstone International Medical Science (688013) to start trading on the Shanghai STAR Market today, at a public offering price of RMB 18.62 per share, raising RMB 372.4 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 38.21.

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

Earlier, Touchstone International Medical Science said its IPO was 3,497 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

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In financial year 2019, Touchstone International Medical Science garnered a total revenue of RMB 172.76 mln, up 45% YoY. In terms of net income, it achieved RMB 49 mln, up 79% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 44.2% and 34.74% respectively, earning per share (EPS) of 0 RMB.

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