China’s vehicle exhaust treatment firm ActBlue raises $58m in ChiNext IPO

Vehicles on road during daytime. Source: Alexander Schimmeck/Unsplash

ActBlue Co Ltd, a Chinese firm that develops after-treatment solutions for vehicle exhaust emissions, has garnered 406 million yuan ($58 million) in an initial public offering (IPO) on the ChiNext board of the Shenzhen stock exchange on Monday.

ActBlue, which first filed the IPO application in March 2019, sold 20 million shares at 20.28 yuan ($2.90) apiece before the company went public on the ChiNext bourse.

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