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Precilasers Prices Shanghai IPO to Raise 1.9 Billion Yuan

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Laser manufacturer Shanghai Precilasers (SHA:688826) priced its initial public offering of 10 million shares on the Shanghai Stock Exchange's STAR Market at 186.88 yuan per share, seeking to raise up to 1.9 billion yuan.

On Aug. 7, a total of 2.4 million A-shares were initially issued online through the SSE trading system, according to a Monday filing with the Shanghai bourse.

Final allotment results will be announced Tuesday, with the ballot drawing scheduled for Monday in Shanghai.

China Securities serves as the lead underwriter.

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