Risong Technology launches IPO at Shanghai STAR Market

Risong Technology (688090: SH), a smart-machine and solution provider, was listed on Shanghai STAR Market. The company raised RMB463.94605 million in an offering of 16.84 million shares at 27.55 yuan apiece. Risong Technology closed at CNY 100.01 apiece, 263.01% higher than its issuance price.

Risong Technology (688090: SH), a smart-machine and solution provider, was listed on Shanghai STAR Market. The company raised RMB463.94605 million in an offering of 16.84 million shares at 27.55 yuan apiece. Risong Technology closed at CNY 100.01 apiece, 263.01% higher than its issuance price.

Risong Technology was established in 2012. With the mission of “Connecting technology with intelligent manufacturing”, it focuses on R&D, design, production, application and services in the field of robotics and intelligent manufacturing, and is committed to providing customers with a complete set of intelligent and flexible manufacturing system solutions.

The company focuses on providing automotive parts with the highest degree of automation and the most widely used industrial robots. It is a leading company in the field of automotive welding in China, and covers a wide range of industries such as auto parts, 3C, machinery, elevators, motorcycles, and ships, providing automation solutions.

Risong Technology has significant competitive advantages in the application fields of robotics and intelligent manufacturing in various industries. It has received awards and honors such as “Guangdong Strategic Emerging Industry Pillar Enterprises (Intelligent Manufacturing Field)”, the first batch of “Guangdong Pillar Robot Enterprises”, “2018 Guangdong Provincial Outstanding Manufacturing Enterprise in the 40th Anniversary of the Reform and Opening-up” and others.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/risong-technology-launches-ipo-at-shanghai-star-market/.

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