Shandong Jincheng Pharma Completes $72 Million IPO

Shandong Jincheng Pharmaceutical and Chemical completed a 465 million RMB ($72 million) IPO on Shenzhen’s GEM exchange. The company issued 25 million shares at 18.6 yuan each, a price that reflects a P/E ratio of 22.7. Jincheng Pharma makes cephalosporin intermediates. It plans to use the proceeds of the offering to expand its production capacity. More details.... Stock Symbol: (SHE: 300233)     Share this with colleagues: