Tangshan Port’s IPO Undertaken by SWS Succeeds
The initial public offering (IPO) by Tangshan Port Group Co., Ltd. (Tangshan Port) with SWS as the sponsor and lead underwriter saw a complete success, with the A shares listed and traded on the Shanghai Stock Exchange on July 5. Tangshan Port’s major business is operation of docks and other port facilities as well as loading, unloading, lightering and storage in docks. 200 million shares were offered this time, with a total of RMB1.64 billion funds raised.