Chinese high-tech manufacturer Juheshun raises $79m in Shanghai IPO

Chinese high-tech manufacturer Juheshun raises $79m in Shanghai IPO

Closeup of a traditional Chinese statue with the Shanghai skyline in the background. Photo: Xi Xin Xing

Hangzhou Juheshun New Material Co Ltd, a Chinese firm that manufactures synthetic fibres, has raised 556 million yuan ($79 million) in an initial public offering (IPO) on the Main Board of the Shanghai Stock Exchange (SSE) on Thursday.