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Qiming Venture Partners’ Portfolio Company APT Medical Listed on STAR Board of Shanghai Stock Exchange
January 7, 2021 GMT
SHANGHAI, Jan. 7, 2021 /PRNewswire/ Qiming Venture Partners’ portfolio company APT Medical (SHSE: 688617) today successfully listed on the Science and Technology Innovation Board (the STAR Board) of Shanghai Stock Exchange. The issue price is CNY 74.46 per share. The stock opened at CNY 221.73 per share and closed at CNY 257.02 on the first trading day, up 245.18%, with a market cap of CNY 17.14 billion, or USD 2.65 billion.
Qiming is an A round investor and the largest institutional shareholder of APT Medical. Qiming’s RMB and USD funds combined own 19.35% of the company after the IPO.