Welgao, a Chinese PCB manufacturer successfully listed on the ChiNext board of the Shenzhen Stock Exchange today with the stock code "301251".

The opening stock price was 63 yuan, with an increase of 118.14%.

The company issued 33,655,440 shares for 28.88 yuan per share, with an issuance price-earnings ratio of 46.27 times. After this issuance, the total share capital of the company is 134 million shares, of which the number of freely tradable shares under unlimited conditions is 31.9196 million shares, accounting for 23.71% of the total share capital after the issuance.

According to PCB UNION, Welgao is the first PCB company to be listed in China this year.

As of 9:48 Beijing time, the Welgao stock price has risen to 68.20 yuan, with an increase of 136.15%, and the total market value is 9.181 billion yuan.

In addition, the company plans to increase the annual output of the new plant through the fundraising. More details are in the "Welgao to Raise Over $84 Million in Upcoming IPO for Its PCB Project"

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