Government officials of Rugao and representatives of Nantong Xingqiu Graphite Equipment Co beat the gong at the Shanghai Stock Exchange on March 24 to mark the company's going public. [Photo/WeChat account: rugaofabu]

Nantong Xingqiu Graphite Equipment Co made its debut on the Science and Technology Innovation Market (STAR) in Shanghai on March 24. 

It is the third company in Nantong to go public this year, increasing the city's total number of listed companies to 47.

Its stock code is 688633 and it issued 18.18 million shares during this round at 33.62 yuan ($5.14) per share, raising 611 million yuan from its initial public offering.

The company was established in Jiuhua town, Rugao in 2001 and is one of the major suppliers of graphite equipment in China. 

Over the past two decades, the company has been focusing on independent innovation. As of June 30, 2020, it had been granted 106 patents and had participated in the formulation of 15 industrial standards.