The Legend Capital-backed industrial testing technology provider has filed to raise up to $98.8m when it floats on Shanghai’s Star Market.
China-based scientific equipment producer Shenzhen Yanmade Technology has filed for a RMB706m ($98.8m) initial public offering that will enable Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, to exit.
The company intends to issue up to 35.9 million shares on the Shanghai Stock Exchange’s Star Market priced at up to RMB19.68 each, according to DealStreetAsia. The lead underwriter on the offering is Huatai United Securities.
Founded in 2012, Yanmade provides testing equipment that uses technologies such as…
