Xiamen Dry Photo Optoelectronics IPO Application Successful Sequoia Capital Benefits Up to 14 Times


The GEM will join the camp to add two new ones. According to the announcement of the audit committee, the IPO applications of Xi'an Dagang Road Machinery and Xiamen Ganzhao Optoelectronics Co., Ltd. were all successful. On the same day, the company also applied for the listing of Jiangsu Huifeng Agrochemical and Bank of Communications (601328, shares).

Xi'an Dagang, which was successful in the second time, is a supplier of asphalt pavement technology and equipment. The plan is to issue no more than 16.35 million shares, and the total share capital after the issue will not exceed 65.35 million shares.

Xiamen Xingzhao Optoelectronics, which is only 4 years old, is mainly engaged in semiconductor optoelectronic products. The company plans to issue 29.5 million shares this time. The total share capital after the issuance is 118 million shares. It plans to raise funds of 450 million yuan for high-brightness quaternary LED epitaxial wafers. And chips and other projects.

The above two GEM companies have had a meeting, in addition to creating the founder of the rich, but also make the venture capital lurking among them to make a fortune.

In February 2008, the famous venture capital Sequoia Capital invested in 10.12 million US dollars to obtain 18.196 million shares, accounting for 20.56% of the total share capital before the issuance. Based on the 60 times average P/E ratio of the GEM, the market value of the above equity will be as high as 1 billion yuan, or 146.4 million US dollars, 14 times that of the investment two years ago.

The two venture capitalists behind Xi'an Dagang have also gained a lot. Dachen Caixin and Xiaoyang Technology hold 4.9 million shares and 2.321 million shares of the company respectively. According to the price-earnings ratio of 60 times, the market value will be 280 million yuan and 130 million yuan respectively, and the cost is only 25.97 million yuan and 1801.2. Ten thousand yuan.

Since the 17th Shanghai Tianyi Technology and Shenzhen Pulse Mountain Dragon have been denied information, the market has rumored that the IPO threshold of the GEM has increased. However, the initial applications of the four GEM companies were subsequently approved.

According to statistics, since the first batch of GEM audit committees held on September 17 last year, a total of 133 GEM companies have attended the meeting, of which 106 companies have successfully applied for the initial application. Today, 88 companies have been listed on the Shenzhen Stock Exchange, 18 In the process of being released and waiting for the release of the approval.

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