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Markets · IPO
Beijing Kingfore HV & Energy Conservation Technology debuts on Shenzhen Stock Exchange, rose 44%
2021/07/29 15:11:09

Jul 29, 2021 (China Knowledge) - Beijing Kingfore HV & Energy Conservation Technology (001210) opened at RMB 33.61 on its first day trading on the Shenzhen Stock Exchange's Main Board, an increase of 20% from its IPO price of RMB 28.01.

The shares price ended the day at RMB 40.33, soaring 44% from its issue price. Its intraday high and low were RMB 40.33 and RMB 33.61, respectively. A total of 0.2 mln shares changed hands with a turnover of RMB 9.7 mln, and ending the day with a total market capitalization of RMB 3.7 bln.

Beijing Kingfore HV & Energy Conservation Technology reported in its prospectus that the funds raised from the IPO will be used to optimize its flue gas energy saving system, supplement its working capital, and to build a R&D center.

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