Dingli launches IPO

13 April 2015

Dingli representatives carry out the stock code start ceremony in which red wine is poured into the

Dingli representatives carry out the stock code start ceremony in which red wine is poured into the ice sculpture to convert the stock code number from clear to red.

China’s biggest aerial work platform manufacturer Zhejiang Dingli Machinery has successfully launched its Initial Public Offering on the Shanghai Stock Exchange Main Board.

Dingli was among 24 companies cleared for stock market flotation this month and one of 12 companies to list on the Main Board. The company offered 16.5 million shares, representing 25% of the company’s equity. The shares were priced at 29.56RMB ($4.70) at launch, raising RMB 487.7 million ($78.7 million) and valuing the company at almost RMB 2 billion ($315 million).

The share offering was fully subscribed and has continued to climb in the days since the launch within the limitations allowed by the Chinese government for new issues, said Dingli.

The launch was celebrated with an official signing ceremony at the stock exchange last week, followed by the stock code opening ceremony. The code is 603338 on the Shanghai Main Board.

Latest News
EIB to loan €300 million for hydroelectric power plant in Canary Islands
Construction of 200MW facility set to strengthen renewable energy supply on Gran Canaria
Mini excavators: to rent or buy – a dilemma for small businesses
Purchasing earthmoving equipment is always a big decision and there are a lot of moving parts to consider
Inside the Enerpac Experience Days 2024
One of the main attractions of the event was the Enerpac Roadshow Container- a custom-designed, mobile exhibit showcasing a comprehensive range of heavy lifting technologies and industrial tools.