The Qingdao Hiron Commercial Refrigeration Chain Co., Ltd. as the 1st Qingdao company listed in A-share market of 2018 has been listed in Shanghai Stock Exchanges recently and becomes the 30th A-share listed company of Qingdao.
Hiron issued 20 million shares in IPO with CNY32.25 per share and collected CNY645 million in total. Same as most of IPO companies, Hiron won great popularity among investors after IPO, the stock price raised to the limit-up. Established in 2006, Hiron, a new high-tech company in refrigeration logistics equipment industry, provides customized solutions and professional services in the retail end, including refrigeration storage, product display and company brand image show, as well as refrigeration product ODM service for other refrigeration product manufacturers. Its products are mainly used in FMCG industry, including cold drink, quick-frozen food, beer, beverage, milk and franchised supermarket. Uni Lever, Nestle, Yili, Mengniu are all its business partners. Money collected in IPO will be used for the construction of refrigeration terminal equipment with the annual production capacity of 500,000 extra low temperature refrigeration equipment with the annual production capacity of 100,000, refrigeration equipment R&D center, and cash flow supplement.
In 2018, Qingdao companies such as Qingdao Bank, Qingdao Port, Vland Biotech, Qingdao Agricultural and Commercial Bank all passed review of China Securities Regulatory Committee and are waiting for IPO. The number of A-share listed companies of Qingdao is expected to hit 34.