Shenzhen SEICHI Technologies's IPO to debut on SSE STAR Market, 2,591 times oversubscribed.

Jul 17, 2023 (China Knowledge) - Shenzhen SEICHI Technologies (688627) to start trading on the Shanghai STAR Market tomorrow Jul 18. The firm has issued 23.5 mln shares priced at RMB 46.77 per share, raising RMB 1.1 bln (USD 0.15 bln). Its price-to-earnings ratio (PE) stands at 83.35. During subscription, the IPO was 2,591 times oversubscribed.

CSC Financial acts as the lead underwriter and sponsor for the IPO.

Shenzhen SEICHI Technologies is mainly engaged in the provision of systematic display touch detection supporting solutions. The Company provides value-added services such as overall testing solutions, online quality data collection and big data analysis. Its core products include Aging automatic inspection system, Automatic Optic Inspection (AOI) visual inspection system, Gamma adjustment system, Mura repair system, Organic Light-Emitting Diode (OLED) display product...