Dook Media Shares Skyrocket Nearly 2000% in Shenzhen Debut

7月20日

BEIJING, July 19 (TMTPOST)— Chinese book publisher Dook Media Group Ltd started trading shares at the Shenzhen Stock Exchange on Monday under the code 301025. Shares opened 800% higher and settled at RMB31.66, 1942.58% higher than its offering price in market debut.

The share surge was partly due to lower list price and relatively offering size. Dook Media sold 40.01 million shares with just RMB1.55 apiece and it raised a total of more than RMB62.01 million, the lowest for a listed Chinese firm this year and the only one which raised less than RMB100 million among all the companies listed in mainland China since the beginning of the year. Dook Media set the second lowest listing price in China’s stock markets this year, next to China Southern Power’s offering in January whose debut saw almost 1000% rise.

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