China Taisan Technology IPO

One more Chinese IPO is set to hit the Singapore Stock Markets. A fabric manufacturing company, China Taisan Technology is planning to list on the stock exchanges in Singapore.

What is the size of the China Taisan Technology IPO?
The China Taisan Technology IPO is expected to collect money in the range of S$55.9 million (or USD $41 million)

What are the business valuations and market outlook for China Taisan Technology IPO?
The firm has strong market outlook. It supplies to big customers like Nike and Adidas for their footwear and apparel industry. Hence, the fundamentals of the company are strong from the client’s perspective.

How many shares of China Taisan Technology will be offered for sale through the IPO?
A total of 233 million shares will be offered for sale through the China Taisan Technology IPO.

What is the price of share for China Taisan Technology IPO?
The shares of China Taisan Technology IPO are priced at S$0.24 per share.

Where will the IPO proceeds be used by China Taisan Technology IPO?
China Taisan said it expects to raise S$49.4 million in net proceeds and use about S$38.2 million to purchase new equipment and the rest as working capital and for expansion.

Daiwa Securities SMBC Singapore is the manager, underwriter and placement agent for China Taisan's initial public offering. Let’s see how this China Taisan Technology IPO performs in the markets.

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