Longxin lists on Beijing bourse at 17.83 yuan per share

What's the deal? LongxinDealroom has a profile for this one. Try Dealroom →, a high-tech manufacturer specialising in nano ultrafine powder preparation, began trading today on the Beijing Stock Exchange. It listed at an offering price of 17.83 yuan per share, under stock code 920117.

What's the endgame? The company develops, makes, and sells grinding, dispersing, and drying equipment alongside nano-material preparation technology. It aims to design and build automated factories for its clients.

Why now? The offering carried a price-to-earnings ratio of 14.99 times, positioning Longxin as a smaller specialist entering public markets through Beijing's exchange for innovative small and medium-sized firms.

The signal: Longxin's debut adds to a steady flow of niche industrial-technology companies choosing the Beijing Stock Exchange, which has become a listing venue for smaller manufacturers tied to advanced materials and smart manufacturing.

Read more: ITJuzi

Image credit: Fagor Automation