Alnera Aluminium (SHE:301613) priced its initial public offering in Shenzhen at 27.70 yuan apiece, seeking to raise up to 664 million yuan, according to a Tuesday disclosure with the Shenzhen Stock Exchange.
The Chongqing, China-based aluminum alloy parts maker for new energy vehicle battery systems will issue 17,141,600 shares in its offline placement and 6,832,000 shares in its online placement for a total of 23,973,600 shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.