Cofoe Medical Technology IPO debuts on the Shenzhen Stock Exchange

October 22, 2021 (China Knowledge) - Cofoe Medical Technology (301087) will start trading on the Shenzhen ChiNext market on October 25, next Monday. The company issued 40.00 million shares at a price of 93.09 RMB per share, thus increasing 3.72 billion RMB. Its price / earnings (PE) ratio stands at 37.15. At the time of subscription, the IPO was oversubscribed 5,978 times. Western Securities, Everbright Securities acted as the principal underwriter and Western Securities was the sponsor of the IPO. Cofoe Medical Technology manufactures and distributes medical equipment. The company produces health monitoring equipment, rehabilitation assistance equipment, medical care equipment,…