Xi’an Bright Laser Technologies Co., Ltd. (BLT), a leading metal additive manufacturing technology company, announced on July 22nd, 2019 its successful initial public offering (IPO) and listing on the Shanghai Stock Exchange STAR Market.
BLT began trading under the stock code 688333. The company issued 20 million shares at an offer price of RMB 33.00 per share. The opening price on the first day of trading was RMB 61.00 per share.
The funds raised will be used for technological innovation and to supplement working capital. Specifically, the primary focus will be on the construction of an intelligent factory project for metal additive manufacturing.
This initiative aligns with BLT’s commitment to advancing the capabilities and efficiency of 3D printing technologies in industrial application. The company has built a complete metal 3D printing industry chain and will continue to empower clients in various industries including aviation, aerospace, energy, rail transit, electronics, automotive, medical, dentistry and mold, among others.
