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Markets· Equity· IPO

Jiangsu Haili Wind Power Equipment Technology debuts on Shenzhen Stock Exchange, rose 175%

CKN
minutes 2021/11/24 10:17:23
4,029

Nov 24, 2021 (China Knowledge) - Jiangsu Haili Wind Power Equipment Technology (301155) opened at RMB 163 on its first day trading on the Shenzhen ChiNext Market, an increase of 169% from its IPO price of RMB 60.66.

The shares price ended the day at RMB 167, soaring 175% from its issue price. Its intraday high and low were RMB 180.28 and RMB 152.83, respectively. A total of 37.2 mln shares changed hands with a turnover of RMB 6 bln, and ending the day with a total market capitalization of RMB 36.3 bln.

Jiangsu Haili Wind Power Equipment Technology Co Ltd is a China-based company mainly engaged in the research and development (R&D), production and sales of wind power equipment parts. The Company's main products include wind power tower, pile foundation and jacket, including onshore wind power tower, offshore wind power tower, offshore wind power pile foundation, offshore wind power pipe rack and others. The Company mainly sells products in the domestic market.

Jiangsu Haili Wind Power Equipment Technology reported in its prospectus that the funds raised from the IPO will be used to expand its production capacity of offshore wind farm supporting equipment, and to supplement its working capital.

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