Three Sci-tech innovation IPOs in China approved
The initial public offering (IPO) of three companies on the science and technology innovation board has been approved by the securities regulator in China.
Shanghai Taitan Scientific Co., Ltd., Frontier Biotechnologies Inc. and Shenzhen Consys Science & Technology Co., Ltd. are both going to be listed on the Shanghai Stock Exchange's sci-tech innovation board, which is also called the STAR market the China Securities Regulatory Commission said.
The companies and their underwriters are going to confirm the IPO dates and released their prospectuses after discussions with the stock exchange.
The STAR market that was made in June of the earlier year to support firms in the high-tech and strategic emerging sectors, makes listing criteria easier but it has higher requirements for information disclosure.
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