Xiangyu Medical Launches Subscription! Seven Sci-Tech Innovation Board IPOs Announced

Source: Capital Bond

Another new stock is open for subscription!

On March 19, Xiangyu Medical commenced online and offline subscription, with the subscription code 787626. The company planned to publicly issue 40 million shares, including 11.4 million shares for online distribution. The issue price was RMB 28.82 per share, with an issuance P/E ratio of 45.15 times. The maximum subscription limit per account was 11,000 shares, in multiples of 500 shares. To subscribe at the maximum limit, investors were required to hold Shanghai Stock Exchange market value of RMB 110,000.

Sunnyou is dedicated to the independent research and development, manufacturing, and sales of intelligent rehabilitation equipment in fields such as pain rehabilitation, neurological rehabilitation, orthopedic rehabilitation, postpartum rehabilitation, and integrated medical and elderly care, assisting regions in establishing smart health and elderly care service guarantee systems that cover the entire population and the full life cycle. In 2019 and 2020, its net profits were RMB 129 million and RMB 196 million, respectively.

According to the issuance schedule, a total of seven new stocks on the STAR Market, including Sunnyou Medical, are set to be issued. Sunnyou Medical will be issued on March 19; Yuanchen Technology on March 22; Yunzhong Technology, Xinji Microfabrication, and Fuxin Technology on March 23; and Zhiyang Innovation and Zhimingda on March 26. The seven upcoming new stock issuances are expected to raise a combined total of RMB 4.29 billion.