On May 18th, Tianhai Automotive Electronics Group officially commenced trading on the main board of the Shenzhen Stock Exchange, bearing the stock code 001365. The initial public offering (IPO) price was set at 27.19 yuan per share. By the close of the first trading day, the stock price had skyrocketed to 67.12 yuan, marking an impressive surge of 146.86%. This public offering encompassed 79 million shares, successfully raising approximately 2.148 billion yuan in capital.
