China IPO Digest: Kunshan TopA lists on ChiNext; Yanmade seeks to raise $99m in STAR Market

Kunshan TopA Intelligent Equipment Co., Ltd, that manufactures and sells industrial machinery, on Thursday, raised 347 million yuan ($48 million) in its IPO on the ChinNext board of the Shenzhen Stock Exchange. Meanwhile, test focused equipment provider Shenzhen Yanmade Technology Inc seeks to raise 706 million yuan ($99 million) on the Nasdaq-like STAR Market of the Shanghai Stock Exchange.