Markets· IPO

Sunlour Pigment debuts on Shenzhen Stock Exchange, rose 117%

minutes 2021/07/29 15:11:38

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.

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