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A successful Initial Public Offering

Broadex Technologies (Shenzhen Stock Exchange 300548), a leading provider of optoelectronic components to the telecom and datacom markets, today announced that the Company's Shares started trading on the Growth Enterprise Market of the Shenzhen Stock Exchange as stock code 300548.

Shares of the Company were actively traded on the first day of listing with the share price closing at 16.92 yuan, a 44% increase from the issuing price. The offering raised proceeds of 200 million yuan that will be used to fund both production expansion and the R&D of new products.

“We are recognized as a leader in the development of integrated optoelectronic devices for optical communications.” said Dr. Wei Zhu, CEO of Broadex Technologies. “Our successful public listing today is a testament to the ambition and perseverance of all at Broadex technologies and marks an important milestone in Broadex’s development. “

Looking forward, Broadex Technologies will leverage the net proceeds of this IPO to further pursue its vision of creating the world’s most cutting-edge optoelectronic technologies, so that everyone can benefit from a digital life in a fiber-connected world.


Listing image courtesy of Beijing Review.