The company seeks to cash in on higher demand in coming years for vessels that can put satellites in orbit, competing in the United States with other space entrepreneurs and industry stalwarts such as Elon Musk's SpaceX and United Launch Alliance - a partnership between Boeing and Lockheed Martin.
The company’s second-quarter results will be released on July 23.?For 2015, Sheridan increased?his estimates to 5.2 billion in revenue, and .3 billion in adjusted operating profit from 2.7 billion and .6 billion, previously.
The company, trading under the ticker symbol of "EBON," announced the pricing of its initial public offering of about 19.3 million shares at .23 apiece for the total offering size of approximately 1 million, assuming the underwriters do not exercise their over-allotment option to purchase additional shares.
The company will carry out a back-door listing via SJEC Corporation, an elevators and escalators maker that has been suspended from trading since June this year.
The company's shares rose 0.5 percent to 1.27 as of Thursday close.
The company, to be listed on China's A-share market at the Shanghai Stock Exchange, will raise funds of 30.63 billion yuan (.40 billion) in net price at 4.88 yuan per share, according to its statement filed to the stock exchange.
山东痛风的治疗多少钱
The company said it aims to contribute to the country's medical system reform, with a focus on improving community hospitals.
The company's massive expansion plan, which could see its annual output rise almost twentyfold, is underpinned by solid demand from the domestic market.
The company is now supplying an average of more than 5 million cubic meters of water to Hong Kong, Shenzhen and Dongguan in the eastern part of the Pearl River Delta every day.
The company received over 3,800 purchase demands in various goods categories from 102 local governments across China, with total volume reaching 220 million pieces or sets.