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Equity · IPO
Apt Medical Inc.’s IPO debut on SSE STAR Market today
2021/01/07 02:18:55

Jan 07, 2021 (China Knowledge) - Apt Medical Inc. (688617) to start trading on the Shanghai STAR Market today, at a public offering price of RMB 74.46 per share, raising RMB 1.24 bln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 61.61.

CITIC Securities, China International Capital Corporation (CICC) acted as the lead underwriter, and CITIC Securities served as the sponsor for the IPO.

Earlier, Apt Medical Inc. said its IPO was 3,387 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,814 times and the highest at 9,194 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

APT Medical Inc is a manufacturer and wholesaler of surgical appliance and supplies. The Company was founded in June 2002 and is located in Shenzhen, China.

In financial year 2019, Apt Medical Inc. garnered a total revenue of RMB 403.96 mln, up 67% YoY. In terms of net income, it achieved RMB 91 mln, up 294% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 26.66% and 17.61% respectively.

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