Jul 09, 2020 (China Knowledge) - QuantumCTek (688027) to start trading on the Shanghai STAR Market today, at a public offering price of RMB 36.18 per share, raising RMB 723.6 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 196.99.
Guoyuan Securities Company Limited acted as the lead underwriter and sponsor for the IPO.
Earlier, QuantumCTek said its IPO was 2,839 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.
QuantumCTec Co Ltd is a manufacturer and wholesaler of communications equipment. The Company was founded in May 2009 and is located in Hefei, China.
In financial year 2019, QuantumCTek garnered a total revenue of RMB 257.85 mln, down 3% YoY. In terms of net income, it achieved RMB 49 mln, down 32% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 5.22% and 3.94% respectively, earning per share (EPS) of 0.82 RMB.
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