Longxin lists on Beijing bourse at US$2.45 per share

What's the deal? LongxinDealroom has a profile for this one. Try Dealroom →, a high-tech manufacturer specialising in nano ultrafine powder preparation, began trading today on the Beijing Stock Exchange. It listed at an offering price of US$2.45 per share, under stock code 920117.

What's the endgame? The company develops, makes, and sells grinding, dispersing, and drying equipment alongside nano-material preparation technology. It aims to design and build automated factories for its clients.

Why now? The offering carried a price-to-earnings ratio of 14.99 times, positioning Longxin as a smaller specialist entering public markets through Beijing's exchange for innovative small and medium-sized firms.

The signal: Longxin's debut adds to a steady flow of niche industrial-technology companies choosing the Beijing Stock Exchange, which has become a listing venue for smaller manufacturers tied to advanced materials and smart manufacturing.

Read more: ITJuzi

Image credit: Fagor Automation