China greenlights four sci-tech innovation IPOs – Buz & Tech

BEIJING, March 6 (Xinhua) — China’s securities regulator has approved the initial public offerings (IPOs) of four companies on the science and technology innovation board. Chengdu Zhimingda Electronics Co., Ltd., Zhiyang Innovation Technology Co., Ltd., Suzhou Gyz Electronic Technology Co., Ltd., and Hangzhou Kelin Electric Co., Ltd. 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 companies and their underwriters will confirm the IPO dates and publish prospectuses following discussions with the stock exchange. The STAR market, inaugurated in June 2019 and designed to…