Zhendong Pharma Debuts on ChiNext Exchange

Shanxi Zhendong Pharma completed its IPO on the ChiNext Exchange today, issuing 36 million shares at 38.8 RMB per share ($5.85). The price reflects a price/earnings ratio of 82.6. The company raised 1.4 billion RMB ($211 million) in the offering. In its first day of trading, the stock moved only modestly higher, closing at 39.03 RMB.  More details.... Stock Symbol: (SZ: 300158)