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JLC Technology Targets 4.7 Billion Yuan in Shenzhen IPO

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Shenzhen JLC Technology (SHE:001232) has priced its initial public offering on the main board of the Shenzhen Stock Exchange, seeking to raise up to 4.69 billion yuan.

The circuit board manufacturer priced its offering of 55.6 million shares at 84.46 yuan apiece, according to a bourse filing on Tuesday.

Investors participating in the strategic placement allocated 9.95 million shares, accounting for 17.9% of the total offering.

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