Nanjing Les Information Technology's IPO to debut on SSE STAR Market, 3,901 times oversubscribed.
Jun 27, 2023 (China Knowledge) - Nanjing Les Information Technology (688631) to start trading on the Shanghai STAR Market tomorrow Jun 28. The firm has issued 40.9 mln shares priced at RMB 25.28 per share, raising RMB 1 bln (USD 0.14 bln). Its price-to-earnings ratio (PE) stands at 48.44. During subscription, the IPO was 3,901 times oversubscribed.
CITIC Securities acts as the lead underwriter and sponsor for the IPO.
Nanjing Les Information Technology is mainly engaged in the design, development, and sales of large electronic system engineering. The company provides civil aviation traffic management, urban road traffic management, and urban governance.
In FY 2022, Nanjing Les...
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