China IPO digest: DKEM raises $56m on ChiNext; Crastal Tech seeks $45m

Shenzhen, China. Photo by Robert Bye on Unsplash

Chinese electronic materials supplier DK Electronic Materials (DKEM) has raised $56 million in an initial public offering (IPO) on the ChiNext market, while home appliances supplier Crastal Technology is all set for its bell-ringing ceremony this Friday.

Electronic materials supplier DKEM raises $56m in ChiNext IPO

DKEM, a Chinese developer and supplier of electronic materials, rang the bell on Shenzhen’s startup board ChiNext on Thursday after raising 399 million yuan ($56 million) in an IPO.

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