Baotou INST Magnetic New Material Surges 481% in Shenzhen Debut

MT Newswires Live

2024/12/04

Baotou INST Magnetic New Material (SHE:301622) opened at 130.00 yuan per share when it debuted on the Shenzhen Stock Exchange.

This was 481% higher than the magnetic device manufacturer's initial public offering price of 22.36 yuan per share.

The company raised 648.1 million yuan from the IPO.

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