Shenzhen HFC (SHE:301716) priced its initial public offering of 18.7 million shares on the Shenzhen bourse at 76.86 yuan to raise about 1.44 billion yuan, according to a Tuesday filing on the Shenzhen bourse.
Shenzhen HFC produces thermal management materials, electromagnetic shielding, and wave absorption materials for use in AI data centers, 5G communications, and consumer electronics.
Huayuan Securities serves as lead underwriter, with Dongguan Securities serving as joint lead underwriter.
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