Shenzhen Bestek Technology, a company that manufactures smart controller and electronic products, made its trading debut on Friday after raising 629 million yuan ($89 million) in an initial public offering (IPO) on the ChiNext board.
Bestek, which initially filed its prospectus on March 3, sold a total of 26.67 million common shares at a price of 23.57 yuan ($3.35). It opened at 28.28 yuan ($4.02), up 19.98 per cent. Its shares are listed under 300822.
