Jiangnan Yifan Motor debuts on Shenzhen Stock Exchange, rose 79% – ChinaKnowledge – China Knowledge

Jul 07, 2021 (China Knowledge) – Jiangnan Yifan Motor (301023) opened at RMB 119 on its first day trading on the Shenzhen ChiNext Market, an increase of 104% from its IPO price of RMB 58.31. The shares price ended the day at RMB 104.2, soaring 79% from its issue price. Its intraday high and low were RMB 119.99 and RMB 98, respectively. A total of 4.8 mln shares changed hands with a turnover of RMB 535 mln, and ending the day with a total market capitalization of RMB 3.9 bln. Jiangnan Yifan Motor reported in its prospectus that the funds…