February 11, 2011 -- Zhejiang Jolly Pharmaceutical said it expects to raise 470 million RMB ($71.3 million) in its IPO, which is being conducted on the ChiNext exchange in Shenzhen. The company will issue 20 million shares at a price of 23.5 RMB each ($3.57). Jolly produces TCMs through a fungal fermentation technique. More details....
