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Chinese IPOs Qilian and Kuke Music Jump in Trading Debuts


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The company’s soaring debut is significant because Qilian has been waiting a long time to go public, initially filing for an IPO in November 2019. When Qilian finally did price its offering, the company raised $25 million after selling 5 million shares at $5 each, the low end of the range of $5 to $7 investors had been told to expect.
Univest Securities, Loop Capital Markets, and Alexander Capital are underwriters on the deal.
According to Qilian’s prospectus, sales at the pharmaceuticals and chemicals company fell 31% in the three months ended Sept. 30 as a result of the pandemic. Net income declined 17%, to $4.2 million, for the six months ended March 31 from $5 million for the same period in 2019. Revenue rose 2%, to $27.8 million, the prospectus said. ....

Lung Yu , United States , Luisa Beltran , Qilian International Holding Group , Tencent Music Entertainment Group , Us Tiger Securities Inc , York Stock Exchange On , Kuke Music Holding , Deutsche Bank , Music Chairman , Kuke Music Chairman , New York Stock Exchange , Loop Capital Markets , Alexander Capital , Netease Cloud Music , Motor Vehicles , Passenger Cars , Healthcare Life Sciences , Music Sound Recording , Botanical Homeopathic Drugs , Media Entertainment , Sound Music Recording Publishing , Corporate Changes , Stock Listings , Financial Performance , Corporate Funding ,

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Detailed text transcripts for TV channel - FOXNEWS - 20110412:03:32:00

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