Oulun Electric lists in Beijing at 38.69 yuan a share
What's the deal? Zhejiang Oulun ElectricDealroom has a profile for this one. Try Dealroom → began trading today on the Beijing Stock Exchange under ticker 920081. It priced its IPO at 38.69 yuan a share, implying a price-to-earnings ratio of 12.78.
What's the endgame? Oulun Electric develops, designs, manufactures, sells, and services air dehumidification, humidification, and purification equipment, along with energy-saving products.
The signal: The listing adds another specialised industrial manufacturer to the Beijing Stock Exchange, the venue China has positioned for smaller innovation-focused firms.
Read more: ITjuzi
Image credit: Generated with Gemini
