Aug 16, 2021 (China Knowledge) - Beijing Zeho Waterfront Ecological Environment Treatment (605069) opened at RMB 18.16 on its first day trading on the Shanghai Stock Exchange's Main Board, an increase of 20% from its IPO price of RMB 15.13.
The shares price ended the day at RMB 21.79, soaring 44% from its issue price. Its intraday high and low were RMB 21.79 and RMB 18.16, respectively. A total of 0.4 mln shares changed hands with a turnover of RMB 8.1 mln, and ending the day with a total market capitalization of RMB 3.5 bln.
Beijing Zeho Waterfront Ecological Environment Treatment reported in its prospectus that the funds raised from the IPO will be used to upgrade its management system, invest in R&D of ecological protection and environmental governance, and to supplement its working capital.
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