Changfang Lighting IPO first price of 20 yuan / share to issue 27 million shares

Changfang Lighting (300301) made its initial public offering and listed on the GEM. It held an online roadshow at 9-12 am today.

The total number of shares issued by Changfang Lighting was 27 million shares, of which online issuance of 21.64 million shares, 80.15% of the number of shares issued, and the issue price is determined to be 20 yuan/share, corresponding to a price-to-earnings ratio of 32.79 times.

Rectangular Lighting is principally engaged in the R&D, design, production and sales of LED lighting source devices and LED lighting products.

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