Genbyte Technology Inc.ࢀ™s IPO debut on Shenzhen Stock Exchange today

Genbyte Technology Inc.ࢀ™s IPO debut on Shenzhen Stock Exchange today By tweet Dec 28, 2020 (China Knowledge) ࢀ" Genbyte Technology Inc. (003028) to start trading on the Shenzhen Stock Exchange ࢀ" SME Board today, at a public offering price of RMB 21.75 per share, raising RMB 595.95 mln. Its initial listing shares account for 25% of total outstanding shares. The companyࢀ™s initial price-to-earning ratio (PE) stands at 22.99. China Merchants Securities acted as the lead underwriter and sponsor for the IPO. Earlier, Genbyte Technology Inc. said its IPO was 4,733 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median…