Cancel
Markets· IPO

Sunlour Pigment debuts on Shenzhen Stock Exchange, rose 117%

CKN
minutes 2021/07/29 15:11:38
4,330

Jul 29, 2021 (China Knowledge) - Sunlour Pigment (301036) opened at RMB 48.18 on its first day trading on the Shenzhen ChiNext Market, an increase of 106% from its IPO price of RMB 23.38.

The shares price ended the day at RMB 50.66, soaring 117% from its issue price. Its intraday high and low were RMB 54.47 and RMB 44.4, respectively. A total of 15.4 mln shares changed hands with a turnover of RMB 737.8 mln, and ending the day with a total market capitalization of RMB 5.1 bln.

Sunlour Pigment reported in its prospectus that the funds raised from the IPO will be used to expand its production capacity of phthalocyanine pigment, supplement its working capital.

Copyright © 2018 www.chinaknowledge.com

Send feedback or comments to: info@chinaknowledge.com

For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com

To access our page on Bloomberg, type CKFI

share