Two Anhui-based firms launch IPOs, bringing the total to 121

Anhui was home to 121 listed companies as of September 11, ranking 9th in China, according to data from iFinD, a domestic financial information service provider.

Hefei Kewell Power System Co launched its initial public offering (IPO) on the science and technology innovation board, also known as the STAR Market, on September 10. As the first STAR Market-listed test power supplier in the country, Kewell saw its shares surge 34.48 percent from the issue price at 51.02 yuan ($7.46) on the day.

Based in Mingguang, Anhui, LD Intelligent Technology Co launched its IPO on the startup board ChiNext during the same day.

Anhui-based companies have stepped up efforts to get listed since the beginning of this year. Seven of them launched IPOs on the STAR Market, two of them got listed on ChiNext under the registration-based IPO system, and another two made their debuts on the NEEQ Select, a new tier of the National Equities Exchange and Quotations (NEEQ), or the “new third board”.

A total of 15 firms launched IPOs this year, bringing the province to the top place in the Central China region.