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ZC Rubber reaches capitalisation of >$6 billion in Shanghai Stock Exchange IPO

Author: Chris Anthony Comments: 0
ZC Rubber raised RMB 45 billion (£4.62 billion; 5.482 billion; $6.263 billion). (Photo: ZC Rubber)

ZC Rubber (Zhongce Rubber Group Co. Ltd.) has officially gone public on the Shanghai Stock Exchange (SSE) under the stock code 603049. The company issued 87.45 million shares at an offering price of RMB 46.50 per share, reaching an opening market capitalization of over RMB 45 billion (£4.62 billion; 5.482 billion; $6.263 billion).

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