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Two Wuxi companies go public

Updated : 2021-03-23
(wuxinews.com.cn)

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Jiangsu Changling Hydraulic Co makes its debut on the main board of China's A-share market in Shanghai on March 22. [Photo/WeChat account: wuxifabu2013]

Jiangyin-based Jiangsu Changling Hydraulic Co made its debut on the main board of China's A-share market on March 22, raising 958 million yuan ($147.2 million) from its initial public offering.

Jiangsu Changling Hydraulic Co Ltd is a high-tech enterprise engaged in the research and development, production, and sale of key hydraulic components for professional construction machinery.

The company is the 55th listed enterprise in Jiangyin. It issued 24.33 million shares during this round at 39.40 yuan per share.

In 2020, the company achieved an operating income of 867.08 million yuan and a net profit of 235.86 million yuan.

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Wuxi Online and Offline Communication Information Technology Co Ltd is listed on the Shenzhen Stock Exchange's board of growth enterprises on March 22. [Photo/WeChat account: wuxifabu2013]

In addition, Wuxi Online and Offline Communication Information Technology Co Ltd was listed on the Shenzhen Stock Exchange's board of growth enterprises that same day.

The company raised 820 billion yuan from its IPO at 41 yuan per share.

Established in 2012, Wuxi Online and Offline Communication Information Technology Co Ltd is a mobile information service provider with a wealth of industry experience. It provides services related to finance, internet, e-commerce, retail, and logistics.

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