Key facts
- Klarity Medical & Equipment Co. Ltd. priced its IPO at 15.6 yuan ($2.3) per share on the Beijing Stock Exchange.
- The IPO utilized a two-day book-building process.
- This is the second company in over three years to use the Beijing exchange's offline-inquiry mechanism.
- The book-building practice was largely suspended on the Beijing bourse from April 2023.
- Klarity generates 80% of its revenue from radiation therapy positioning devices.
Klarity Medical & Equipment Co. Ltd. has priced its initial public offering on the Beijing Stock Exchange at 15.6 yuan ($2.3) per share, concluding a two-day book-building period. This marks the second instance in over three years that a company has utilized the exchange's offline-inquiry mechanism.
The reintroduction of book-building on the Beijing bourse, which had been largely suspended since April 2023 due to concerns over valuation and liquidity, highlights regulatory efforts to foster more market-driven IPO pricing. Authorities are aiming to attract higher-quality technology firms to the exchange.
Klarity derives approximately 80% of its revenue from radiation therapy positioning devices.