Chinese IPOs Qilian and Kuke Music Jump in Trading Debuts [Yahoo! Finance News]
Qilian International Holding Group Ltd. - Ordinary Shares (QLI)
Company Research
Source: Yahoo! Finance News
Text sizeKuke Music Chairman and CEO He Yu and Director Lung Yu virtually rang the opening bell at the New York Stock Exchange on Thursday.NYSETwo Chinese initial public offerings opened for trading Tuesday, making powerful debuts.Shares ofQilian International Holding GroupThe two offerings continue the trend of Chinese companies going public in the U.S. There were 33 Chinese offerings in 2020, collecting $13.4 billion, the most since 2018, when 34 Chinese companies went public, according to Dealogic. The $13.4 billion compares with the $3.5 billion raised by 25 in 2019.Qilian’s (ticker: QLI) stock opened at $8.01 and hit a high of $22, up 340%. The stock changed hands at $14.04 shortly after midday.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 companyraised $25 millionUnivest Securities, Loop Capital Markets, and Alexander Capital are u
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QLI
Sec Filings
- 4/10/24 - Form S-8
- 4/10/24 - Form F-3
- 3/11/24 - Form 6-K
- QLI's page on the SEC website