Shenzhen Zesum Technology's IPO to debut on Shenzhen Stock Exchange, 3,334 times oversubscribed.
Jul 06, 2023 (China Knowledge) - Shenzhen Zesum Technology (301486) to start trading on the Shenzhen ChiNext Market tomorrow Jul 7. The firm has issued 32.2 mln shares priced at RMB 57.66 per share, raising RMB 1.9 bln (USD 260 mln). Its price-to-earnings ratio (PE) stands at 63.29. During subscription, the IPO was 3,334 times oversubscribed.
Minmetals Securities acts as the lead underwriter and sponsor for the IPO.
Shenzhen Zesum Technology is a manufacturer and wholesaler of electronic components. The company is mainly engaged in the R&D and manufacturing of precision electronic components, and is committed to the R&D, design, production and sales of consumer electronics, communication electronics and automotive electronics...
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