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Optics Valley firm DR Laser goes public

Updated: 2019-05-21 Weibo Weixin Qzone Facebook Twitter More

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DR Laser, a company based in Optics Valley of China, Wuhan, Hubei province, goes public on May 17. [Photo provided to chinadaily.com.cn]

Wuhan DR Laser Technology Co Ltd (DR Laser), a company based in the East Lake High-tech Development Zone (Optics Valley of China) in Wuhan, Central China's Hubei province, went public on the Shenzhen Stock Exchange on May 17 with an offer price of 57.71 yuan ($8.35) per share.

The company's IPO (Initial Public Offering) application was approved on April 4 this year.

This is the first company in Optics Valley to go public this year, and also the first in Wuhan to list A-type shares.

It is also the third public high-tech laser company in Optics Valley, following HGTECH and Raycus Fiber Laser Technologies.

Established in 2008, DR Laser mainly engages in the R&D, manufacture, and selling of high-tech laser equipment. It is a world-leading supplier of efficient solar cell laser processing equipment.

Optics Valley is currently home to 42 public companies, five of which went public last year.  Another three are still in the application process.

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Representatives ring a bell in celebration of DR Laser going public, on May 17. [Photo provided to chinadaily.com.cn]

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Representatives pose for a group photo to mark DR Laser's debut on the Shenzhen Stock Exchange, on May 17. [Photo provided to chinadaily.com.cn]