JEL Technology lists on Beijing exchange at 18.86 yuan per share

What's the deal? JEL TechnologyDealroom has a profile for this one. Try Dealroom →, a Chinese developer of radio-frequency smart chips, began trading today on the Beijing Stock Exchange under the code 920138. The company priced its IPO at 18.86 yuan per share, at a price-to-earnings ratio of 14.99 times.

What's the endgame? JEL designs system-on-chip products for radio-frequency and multimedia smart terminals. Its main lines include radio-frequency smart chips, multimedia smart chips, and other smart chips.

The signal: The listing adds another semiconductor name to the Beijing Stock Exchange, which has become a venue for smaller Chinese chip designers seeking public capital.

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