Shanghai Great Wisdom IPO to Fund Growth
Chinese market data vendor Shanghai Great Wisdom Company (SGWC) is preparing to list on the Shanghai Stock Exchange via an initial public offering scheduled for later this year, sources tell Inside Market Data.
The share offering will look to raise 1.025 billion renminbi (RMB) ($155 million) by issuing 110 million new shares—representing 15.8 percent of the vendor’s post-IPO share capital, which would suggest a total company valuation of approximately RMB 6.5 billion, according to figures from
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