Core Viewpoint - N道生 (601026) has made a strong debut in the stock market, with significant price increases and trading volume, indicating strong investor interest and market confidence in the company's business model and growth potential [1]. Company Overview - N道生 specializes in the research, production, and sales of high-performance thermosetting resin systems based on raw materials such as epoxy resin, polyurethane, acrylic, and organic silicon [1]. IPO Details - The total number of shares issued in the IPO was 132 million, with an online issuance of 72.12 million shares at a price of 5.98 yuan per share [1]. - The issuance price corresponds to a price-to-earnings (P/E) ratio of 29.05, compared to the industry average P/E ratio of 27.90 [1]. - The final online subscription rate was 0.04220717%, indicating a competitive demand for the shares [1]. Fundraising Purpose - The total funds raised from the IPO amounted to 789 million yuan, which will be primarily allocated to projects including the annual production of 78,000 tons of high-end adhesives for new energy and power batteries, high-performance composite material resin systems, repayment of bank loans, and supplementing working capital [1]. Market Performance - At the opening, the stock price surged by 314.21%, and by midday, the increase expanded to 385.79%, with a trading volume of 69.4488 million shares and a turnover of 1.851 billion yuan, resulting in a turnover rate of 64.79% [1].
N道生上午收盘涨385.79%