Zhongshan-based company Taili Technology Group (Taili Tech, stock code: 301595) rang the opening bell at the Shenzhen Stock Exchange (SZSE) on May 19, marking its Initial Public Offering (IPO) of A shares and official listing on the ChiNext board, China's Nasdaq-style board of growth enterprises.
Taili Tech issued 27.07 million new shares in its IPO at 17.05 yuan per share. On its market debut, shares opened at 45.00 yuan, soaring 163.93% above the IPO price.
This marked the second Zhongshan-based company to list on the ChiNext board of the SZSE this year, following Hongjing Optech (stock code: 301497) which debuted on March 18.
Founded in Zhongshan in 2003, Taili Tech has been headquartered in the city for over two decades, anchoring its growth in material technology innovation while deeply engaging in the R&D, manufacturing, and application of advanced functional materials.
As a developer and manufacturer of Chinese aerospace products, Taili Tech has made its innovative products used in China's space station for 26 times, supporting the country's manned space missions, and serves clients in over 160 countries and regions.
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