Electronic measuring instrument manufacturer Ceyear Technologies (SHE:301689) priced its initial public offering of 102.1 million shares on Shenzhen's Growth Enterprise Market at 16.00 yuan apiece to raise gross proceeds of 1.63 billion yuan.
Net proceeds are expected to be 1.54 billion yuan, according to a Thursday filing with the Shenzhen bourse. Online and offline subscriptions will be on Friday.
Guotai Haitong Securities serves as lead underwriter.