Reported 8 months ago
FTNN News Network reported on June 18, 2024, that LED cable rack manufacturer, Yichuan (2486), is conducting an IPO with a subscription price of 72 yuan per share. With the closing price at 119.5 yuan on June 18th, winning one share could bring in a profit of 47,500 yuan. The subscription period runs from today until June 19th, and the draw date is June 21st with allocation on July 1st. Benefiting from the AI server cooling market, Yichuan's stock price surged from 53 yuan in mid-March to a peak of 129.5 yuan. Despite a 5.5 yuan drop on the 18th, closing at 119.5 yuan (-4.4%), the company recorded a consolidated revenue of 480 million yuan in May, a 22.45% increase YoY.
Source: YAHOO