A-shares subscription | Tianhe Magnetic Materials (603072.SH) opens for subscription, a pioneer in innovative high-performance permanent magnetic materials in China.

On December 20, Tianhe Magnetic Materials (603072.SH) began accepting subscriptions.

Zhitong FinanceDec 19 17:20 ET

Tomorrow, there will be an IPO Subscription on the Main Board! Focus on Rare Earth Permanent Magnets.

Tomorrow, there will be an IPO Subscription on the Shanghai Main Board! According to Gelonghui, on December 20, Baotou Tianhe Magnetic Materials Technology Co., Ltd. (hereinafter referred to as "Tianhe Magnetic Materials") will be listed on the Shanghai Main Board. The company is a provider of Rare Earth Permanent Magnets in China, with the sponsor being ShenGang Securities Co., Ltd. Tianhe Magnetic Materials (603072) is issuing shares at 12.3 yuan each, with a PE of 20.13 times, significantly lower than the industry PE of 40.21 times. Given the favorable profit-making effect from IPOs in the A-share market this year, among the more than 90 newly listed companies so far, only one has fallen below the issue price on the first day of listing, and the average closing increase on the first day of listing has exceeded 200%.

Gelonghui FinanceDec 19 06:21 ET

Baotou Tianhe Magnetics Technology Files for IPO on Shanghai Bourse

MT NewswiresDec 17 21:17 ET

High-performance Rare Earth Permanent Magnets material provider Tianhe Magnetic Materials (603072.SH) plans to publicly issue 66.07 million shares.

Tianhe Magnetic Materials (603072.SH) has released its initial public offering prospectus for Stocks and plans to list on the Main Board.

Zhitong FinanceDec 11 07:08 ET