The laser manufacturing equipment maker is going public on Shanghai's Star Market two years after a Legend Capital-backed seed round.

Shenzhen Hymson Laser Intelligent Equipments, a China-based laser and automation technology manufacturer backed by conglomerate Legend Holdings’ Legend Capital spinoff, has raised RMB728m ($107m) in its initial public offering, DealStreetAsia reported yesterday.

The offering will consist of 50 million shares issued on the Shanghai Stock Exchange’s Star Market priced at RMB14.56 each, according to a regulatory filing cited by DealStreetAsia. Citic Securities is lead underwriter for the offering.

Founded in 2008, Hymson produces equipment that automates parts of the manufacturing…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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