China approves 5 sci-tech innovation IPOs
(MENAFN) China's securities watchdog has accepted the initial public offerings (IPOs) of five firms on the science and technology innovation board.
According to the China Securities Regulatory Commission, Shanghai Awinic Technology Co., Ltd., Shenzhen Breo Technology Co., Ltd., Hunan Warrant Pharmaceutical Co., Ltd., Shanghai W-Ibeda High Tech Group Co., Ltd. and Sichuan Tianwei Electronic Co., Ltd. will be put on the Shanghai Stock Exchange's sci-tech innovation board, usually recognized as the STAR market.
The firms and their underwriters will affirm the IPO dates and issue out prospectuses following talks with the stock exchange.
The STAR market, installed in June 2019 and designed to hold up firms in the high-tech and planned emerging sectors, has alleviated listing criteria but implied higher requirements for information disclosure.
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