Oct 14, 2021 (China Knowledge) - Kidswant Children Products (301078) opened at RMB 21 on its first day trading on the Shenzhen ChiNext Market, an increase of 264% from its IPO price of RMB 5.77.
The shares price ended the day at RMB 23.3, soaring 304% from its issue price. Its intraday high and low were RMB 25.2 and RMB 21, respectively. A total of 52.9 mln shares changed hands with a turnover of RMB 1.2 bln, and ending the day with a total market capitalization of RMB 25.4 bln.
Kidswant Children Products operates maternal and child product stores. The company retails children clothes, toys, books, snacks, pregnant women clothes, and other goods. Kidswant Children Products also provides child care consultation services.
Kidswant Children Products reported in its prospectus that the funds raised from the IPO will be used to expand its retail network, build a digital platform and logistic center, and to supplement its working capital.
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