The initial public offering (IPO) for DNAKE (Xiamen) Intelligent Technology Co., Ltd. signified a significant milestone as it officially entered the Growth Enterprise Market of the Shenzhen Stock Exchange on November 12th, 2020, at 9:25 AM.
This event saw DNAKE's management and directors gathering at the stock exchange in Shenzhen to witness the pivotal moment of going public.
DNAKE Stock Surges
In a ceremony underscoring the occasion, DNAKE and the Shenzhen Stock Exchange signed a Securities Listing Agreement, before the stock was publicly listed.
The company issued 30 million new shares at a starting price of RMB24.87 per share. By the end of the first trading day, DNAKE's stock price had surged by 208%, closing at RMB76.60.
Official Remarks
Mr. Su Liangwen, from the Haicang District Government of Xiamen City, addressed attendees
During the proceedings, Mr. Su Liangwen, from the Haicang District Government of Xiamen City, addressed attendees, offering his warm congratulations.
He remarked: "The successful listing of DNAKE is also a happy event for the development of Xiamen's capital market. Hope DNAKE will deepen its main business and improve its internal skills, and continue to enhance its corporate brand image and industry influence."
He also assured that the Haicang District Government will strive to provide high-quality services to enterprises.
Comments from DNAKE's President
Following other speeches, DNAKE’s President, Mr. Miao Guodong, expressed gratitude, stating: "We are grateful to our times. DNAKE’s listing is also inseparable from the strong support of pioneers at all levels, the hard work of all employees, and the great help of friends from different communities."
He emphasized that the listing marks an important milestone and a new beginning for the company's development, vowing to pursue sustainable and stable growth.
Focus on Smart Security Technology
DNAKE, founded in 2005, upholds the corporate mission of leading smart life concepts and creating improved living standards. Engaged primarily in building intercom systems and smart home solutions, the company is committed to advancing smart security devices for community environments.
Through innovation and product optimisation, DNAKE’s offerings extend to areas including smart parking, ventilation systems, door locks, and industry intercom technologies.
A New Era for DNAKE
The year 2020 also marks the 40th anniversary of the Shenzhen Special Economic Zone's inception, a milestone that reinforces the city's global renown as a model urban area.
For DNAKE, this listing is not only a new chapter but also an encouragement to pursue new goals, responsibilities, and growth.
With the ring of a bell, Dnake (Xiamen) Intelligent Technology Co., Ltd. (hereinafter called “DNAKE”) has successfully completed its initial public offering (IPO) of stock, marking that the Company formally goes public on the Growth Enterprise Market of the Shenzhen Stock Exchange at 9:25 AM on November 12th, 2020.
DNAKE’s management and directors gathered together in Shenzhen Stock Exchange to witness the historical moment of DNAKE’s successful listing.
DNAKE stock rose
The Shenzhen Stock Exchange and DNAKE signed a Securities Listing Agreement
In the ceremony, the Shenzhen Stock Exchange and DNAKE signed a Securities Listing Agreement. Subsequently, the bell rang, marking that the company goes public on Growth Enterprise Market.
DNAKE issues 30,000,000 new shares this time with an issuing price of RMB24.87 Yuan/share. By the closing of the day, DNAKE stock rose by 208.00% and closed at RMB76.60.
Speech by government pioneer
Mr. Su Liangwen, a member of the Standing Committee of the Haicang District Committee and Executive Deputy District Mayor of Xiamen City, delivered a speech in the ceremony, expressing warm congratulations on the successful listing of DNAKE on behalf of the Haicang District Government of Xiamen City.
Mr. Su Liangwen said: "The successful listing of DNAKE is also a happy event for the development of Xiamen's capital market. Hope DNAKE will deepen its main business and improve its internal skills, and continue to enhance its corporate brand image and industry influence." He pointed out that the Haicang District Government also will do its best to provide enterprises with more high-quality and efficient services.
Speech by DNAKE president
After the representatives of the Standing Committee of the Haicang District Committee andGuosen Securities co., Ltd. delivered speeches, Mr.Miao Guodong, DNAKE’s president, also indicated that: “We are grateful to our times. DNAKE’s listing is also inseparable from the strong support of pioneers at all levels, the hard work of all employees, and the great help of friends from different communities."
"Listing is an important milestone in the company's development process, and also a new starting point for the company's development. In the future, the company will keep a sustainable, stable and healthy development with capital strength to repay the shareholders, customers, and society.”
Smart security devices of smart community
DNAKE has always taken "Lead Smart Life Concept, Create A Better Life" as a corporate mission
Since its establishment in 2005, DNAKE has always taken "Lead Smart Life Concept, Create A Better Life" as a corporate mission, and is committed to creating a "safe, comfortable, healthy and convenient" smart living environment. The company is mainly engaged in building intercom, smart homes, and other smart security devices of smart community.
Through continuous technological innovation, product function optimisation, and industrial structure upgrading, the products cover building intercoms, smart homes, smart parking, fresh air ventilation systems, smart door locks, industry intercom, and other related application fields of the smart community.
New chapter in DNAKE employees
2020 is also the 40th anniversary of the establishment of the Shenzhen Special Economic Zone. 40-year development has made this city a model city that is world-renowned. Opening a new chapter in this great city reminds all DNAKE employees that:
- New starting point indicates new goal,
- New journey shows new responsibilities,
- New momentum fosters new growth.
