Chinese waste disposal firm Wondux raises $78m in STAR Market IPO

An office building of Nanjing Wondux Environmental Protection Technology. Source: Visuals from the company website

Wondux, a Chinese environmental protection services provider backed by Shenzhen-based Fortune Venture Capital, has raised over 535 million yuan ($78 million) in an initial public offering (IPO) on the STAR Market on Tuesday.

The company offered 21.25 million shares at a price of 25.2 yuan ($3.65) apiece, collecting a total of 481 million yuan ($70 million) upon the deduction of stock issuance expenses.

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