LONDON (ShareCast) - Worsted fabric and garment producer Natsun opened Monday 4p above its placing price on its market debut on AIM.
The company recently raised about £6.3m through a placing of shares at 122p each. In early trade in London the shares were quoted at 126p, giving a market capitalisation for the company of about £38m.
“I am delighted we have successfully secured Natsun's AIM IPO with Evolution China, notwithstanding the current tough stock market conditions,” said Song Jianbo, executive chairman.
Evolution Securities is acting as Nominated Adviser to Natsun, and Evolution Securities China is Natsun’s broker.