Chinese pesticide companies line up for IPO, 11 companies plan to raise ¥8.9 billion!

On Aug 19, 2022, Norsyn successfully listed on the Shenzhen Stock Exchange. On Aug 25, Greatchem passed IPO application on GEM. From Aug 30 to 31, Jiuyi and CAC continued to succeed in the GEM. From Sept 3 to 4, Zhengbang Crop and Lubachem rushed to the mainboard of Shenzhen Stock Exchange and Shanghai Stock Exchange respectively. On Sept 25, Luheng Technology successfully hit the NorthStock Exchange.

Pesticidecompanies for IPO in China in recent years

Salesperformances of public pesticide companies (include IPO) in China in 2021

In the past, the pesticide industry is steady in stock market, while things changed in these two years,especially in the past two months, 7 companies have attempted to go public.

There are only 29 pesticide enterprises listed on the A-share market at present.Chinese pesticide companies have experienced three periods. Before 2020, the average number of IPO pesticide companies was less than 1.5 per year. In the past two years, the number of pesticide enterprises, which went to public, accounted for one-third of the total number of listed pesticide enterprises.