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Markets · Equity · IPO
Puya Semiconductor (Shanghai) debuts on SSE STAR Market, rose 226%
CKN
2021/08/23 08:10:32
4,051

Aug 23, 2021 (China Knowledge) - Puya Semiconductor (Shanghai) (688766) opened at RMB 423 on its first day trading on the Shanghai Stock Exchange's STAR Market, an increase of 184% from its IPO price of RMB 148.9.

The shares price ended the day at RMB 485.1, soaring 226% from its issue price. Its intraday high and low were RMB 498 and RMB 415, respectively. A total of 5.8 mln shares changed hands with a turnover of RMB 2.7 bln, and ending the day with a total market capitalization of RMB 17.6 bln.

Puya Semiconductor (Shanghai) reported in its prospectus that the funds raised from the IPO will be used to research and develop flash chips and EEPROM chips.

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