Chinese industrial robot maker Efort eyes $118m in STAR Market IPO

Chinese industrial robot maker Efort eyes $118m in STAR Market IPO

Chinese industrial robot provider Efort Intelligent Equipment Co., Ltd is targeting to raise 828 million yuan ($118 million) in its Nasdaq-style STAR Market outing, according to its filing with the Shanghai Stock Exchange (SSE).

The company’s issue opened for subscription on July 3 and it has been oversubscribed 3,063 times.

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