Jiangxi Boya Bio-Pharma IPOs on ChiNext Exchange

March 8, 2012 -- Jiangxi Boya Bio-Pharma made its debut on the ChiNext exchange today. The company issued 15.23 million shares in its IPO at 25 RMB each, raising 380.75 million RMB ($60.3 million). In the first hour of trading, Boya rose 54% to 38.5 RMB. This caused the Shenzhen exchange to halt all buying and selling of the stock for the remainder of the session in an attempt to reduce speculation. More details....

Stock Symbol: (SHA: 300294)