First China tech board IPO stays modest

摘要

Suzhou hyc technology, the first company to price a Shanghai tech board IPO, offered its shares at a 19% discount to its nearest listed peer despite using the board's market-based pricing system. The touchscreen testing company, whose customers include Apple and Samsung, priced the Rmb981m (US$142m) deal at Rmb24.26 a share after pricing consultations on June 21 and 24.