(MENAFN) The initial public offerings (IPOs) of four firms on the science and technology innovation board have been accepted by Chinese securities regulator.
The China Securities Regulatory Commission said that Chengdu JOUAV Automation Tech Co., Ltd., Qingdao NovelBeam Technology Co., Ltd., Zhuzhou Huarui Precision Cutting Tools Co., Ltd., and Hainan Jinpan Smart Technology Co., Ltd. will be registered on the Shanghai Stock Exchange's sci-tech innovation board, generally called the STAR market.
The firms and their backers will verify the IPO dates and issue lists after talks with the stock exchange.
The STAR market, launched in June 2019 and intended to hold up firms in the high-tech and strategic emerging industries, has alleviated listing criteria but took up higher conditions for information disclosure.
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