Anhui XDLK Microsystem's IPO to debut on SSE STAR Market, 2,963 times oversubscribed.
Jun 29, 2023 (China Knowledge) - Anhui XDLK Microsystem (688582) to start trading on the Shanghai Stock Exchange STAR Market tomorrow Jun 30. The firm has issued 55.2 mln shares priced at RMB 26.74 per share, raising RMB 1.5 bln (USD 210 mln). Its price-to-earnings ratio (PE) stands at 99.96. During subscription, the IPO was 2,963 times oversubscribed.
China Securities acts as the lead underwriter and sponsor for the IPO.
Anhui XDLK Microsystem is mainly engaged in the research, development, testing and sales of high-performance silicon-based Micro-Electro-Mechanical System (MEMS) inertial sensors. The Company's products mainly include MEMS gyroscopes and MEMS accelerometers. Its products are mainly used in high-end industries, unmanned systems and high-reliability...
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