STAR Market Board Sees 20 New Listings since Start of 2020


The Shanghai Stock Exchange’s Science and Technology board (STAR Market) has seen the listing of 20 new stocks since the start of 2020.

On 26 February Guangdong-based optical storage company Amethystum Storage Technology (紫晶存储) became the 20th company to launch its IPO on Shanghai’s NASDAQ-style STAR Market in 2020.

The listings have raised nearly 800 billion yuan in funds for Chinese tech companies.

Amethystum’s issue price was 21.49 yuan, and rose 264.08% on its first day of trading to close at 78.24 yuan, with a market capitalisation of 14.895 billion yuan.

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