Legend Capital has scored a significant exit as the graphite film producer, in which it held a share of almost 13%, floated in Shanghai.
Legend Capital, a corporate venturing fund backed by conglomerate Legend Holdings, has exited China-based graphite film producer Tanyuan Tech in a RMB409m ($59m) initial public offering, China Money Network reported yesterday.
The company issued 52 million shares on the Shanghai Stock Exchange yesterday priced at RMB7.87 each.
Founded in 2010, Tanyuan produces graphite film with high potential for thermal conductivity and heat dissipation, meaning it can be used to release heat generated by smartphones.
Legend Capital paid RMB60m for a…
