First Companies to Debut on New High-Tech Board July 22

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: ByteDance Accepts AI Gap, Sticks With In-House Models; Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut

LATEST: Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut; ByteDance Accepts AI Gap, Sticks With In-House Models; MiniMax Shares Surge After Joining Hong Kong Stock Connect; Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars; U.S. Drafts Ban on Chinese Optical Modules, Exposing Mutual Supply Chain Risks; Alibaba Releases New Qwen Model, Consolidates AI Office Tools; DeepSeek Releases Official V4-Flash Model as China’s AI Race Intensifies; ByteDance, MiniMax Roll Out Upgraded AI-Video Models; Zhongji Innolight Slides in Hong Kong Debut Following $7 Billion IPO; Zhongji Innolight Rebounds After Buyback Plan, Easing Jitters Ahead of Hong Kong Debut; Lenovo Capital Executive Warns of Reckoning for China’s Crowded AI-Powered Robotics Sector; U.S. Takes Aim at Chinese Robot-Makers With Sweeping Import Ban; SK Hynix’s Earnings Miss Adds to Anxiety Over AI Boom; Consumer-Electronics Makers Bet on AI Agents as Phones, Glasses Compete; Moonshot Open-Sources Kimi K3 as U.S.-China AI Tensions Intensify; TikTok Faces New EU Penalty Threat Over Children’s Safety; AgiBot Begins Hong Kong IPO Process as China’s Embodied-AI Startups Race to List; Tencent Folds Multimodal, LLM Teams Into New AI Unit; Kai-Fu Lee Says AI Will Soon Reshape Corporate Reporting and Management; Flashy Robot Demos at WAIC Mask Struggles With Real-World Deployment

By Zhang Yu and Han Wei / Jul 06, 2019 03:24 AM / Finance

Photo: VCG

China’s new Nasdaq-style high-tech board will host the first batch of listings on July 22, the Shanghai Stock Exchange said Friday.

At least 25 companies will be the first to debut on the SSE STAR Market, a new trading venue hosted by the Shanghai bourse targeting companies in high-tech and innovative sectors. The new board is also a testing ground for several securities market reforms including a registration-based initial public offering mechanism.

As of July 4, the Shanghai Stock Exchange received 141 applications for listing on the new board. The bourse has flashed a green light to 31 applicants, 25 of which have successfully registered with the securities regulator.

The first movers will include display and touch-testing equipment maker Suzhou HYC Technology Co. Ltd., sensors developer Yantai Raytron Technology Co., Ltd. and precision instrument maker Suzhou TZTEK Technology Co. Ltd.

The Shanghai bourse said Friday that the new board will conduct system tests as final preparation for the debut.

Investors have shown great enthusiasm for the new listings. Many candidates have expanded their fundraising size as high demand bolstered their valuations.

Share this article

Open WeChat and scan the QR code