Qiming-backed Chinese SaaS firm Transwarp makes strong STAR Market debut

Qiming-backed Chinese SaaS firm Transwarp makes strong STAR Market debut

IPO

Shanghai-headquartered Software-as-a-Service (SaaS) company Transwarp, which is backed by Qiming Venture Partners, on Tuesday made a stellar STAR Market debut with its shares opening at 47.34 yuan ($6.58) apiece and closing at 72 yuan apiece, up by approximately 52%, according to a statement.