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Markets · IPO
Dalian Demaishi Precision Technology skyrockets 472% on Shenzhen Stock Exchange debut
2021/06/16 08:20:52

Jun 16, 2021 (China Knowledge) - Dalian Demaishi Precision Technology (301007) shares soared 471.83% in its first day on the Shenzhen ChiNext Market today.

The company’s shares price at market close recorded RMB 30.25, higher than its IPO price of RMB 5.29 per share, ending with a total market capitalization of RMB 4.6 bln.

Dalian Demaishi Precision Technology reported in its prospectus that the funds raised from the IPO will be used to invest in precision production lines, expansion projects, and other works.

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