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China greenlights sci-tech innovation IPO

2021-10-18 13:39

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BEIJING, Oct. 18 (Xinhua) -- China's securities regulator has approved the initial public offering (IPO) of Jiangsu Cai Qin Technology Co., Ltd. on the science and technology innovation board.

The company will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

The company and its underwriter will confirm the date of the IPO and publish prospectuses following discussions with the stock exchange.

The STAR market, inaugurated in June 2019 and designed to support companies in the high-tech and strategic emerging sectors, has eased its listing criteria but adopted higher requirements for information disclosure.

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