Tanyuan Tech lists in $59m Shanghai IPO

Tanyuan Tech lists in $59m Shanghai IPO

Photo: Pramugdha Mamgain, Dealstreetasia

Jiangsu-based Tanyuan Tech, a high-tech new material maker backed by Legend Capital and GSR Ventures, completed an initial public offering (IPO) on the Shanghai Stock Exchange this week, issuing 52 million new shares priced at RMB7.87 ($1.14) apiece.

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