On June 12th, Beijing time, Burning Rock Medical was listed on NASDAQ. As a leader in the tumor genetic testing track, this company has attracted much attention since the news of its listing was announced. Investor enthusiasm was reflected in the secondary market, with the company's stock opening at $22.8, a 38% increase from the $16.5 IPO price, and then rising rapidly. It reached a high of $26.37 during the session and closed up 49.27% at $24.63, with a market capitalization exceeding $2.5 billion. It is reported that Tiger Securities served as the underwriter for Burning Rock Medical this time, successfully helping it secure over $360 million in orders. Among these, the retail side had over ten thousand subscribers, with a subscription amount of $223 million, once again setting a new record for retail subscription in US IPOs on the Tiger Securities platform, demonstrating Tiger Securities' unique value as an emerging technology investment bank and its strong business synergy capabilities.
"As entrepreneurs ourselves, we can better approach and understand Chinese startups, empathize with the pain points they face during their listing process, and provide them with customized services. Furthermore, our senior US investment banking team, with its deep understanding of the US market environment and industry, can offer more targeted professional advice to these companies in areas such as finance and valuation. Being a listener and long-term strategic partner for Chinese concept companies, accompanying them in their growth, is what Tiger wants to do," said the head of the relevant department at Tiger Securities' investment banking division. On June 12th, Beijing time, Burning Rock Medical was listed on NASDAQ. As a leader in the tumor genetic testing track, this company has attracted much attention since the news of its listing was announced. Investor enthusiasm was reflected in the secondary market, with the company's stock opening at $22.8, a 38% increase from the $16.5 IPO price, and then rising rapidly. It reached a high of $26.37 during the session and closed up 49.27% at $24.63, with a market capitalization exceeding $2.5 billion. It is reported that Tiger Securities served as the underwriter for Burning Rock Medical this time, successfully helping it secure over $360 million in orders. Among these, the retail side had over ten thousand subscribers, with a subscription amount of $223 million, once again setting a new record for retail subscription in US IPOs on the Tiger Securities platform, demonstrating Tiger Securities' unique value as an emerging technology investment bank and its strong business synergy capabilities. "As entrepreneurs ourselves, we can better approach and understand Chinese startups, empathize with the pain points they face during their listing process, and provide them with customized services. Furthermore, our senior US investment banking team, with its deep understanding of the US market environment and industry, can offer more targeted professional advice to these companies in areas such as finance and valuation. Being a listener and long-term strategic partner for Chinese concept companies, accompanying them in their growth, is what Tiger wants to do," said the head of the relevant department at Tiger Securities' investment banking division. On June 12th, Beijing time, Burning Rock Medical was listed on NASDAQ. As a leader in the tumor genetic testing track, this company has attracted much attention since the news of its listing was announced. Investor enthusiasm was reflected in the secondary market, with the company's stock opening at $22.8, a 38% increase from the $16.5 IPO price, and then rising rapidly. It reached a high of $26.37 during the session and closed up 49.27% at $24.63, with a market capitalization exceeding $2.5 billion. It is reported that Tiger Securities served as the underwriter for Burning Rock Medical this time, successfully helping it secure over $360 million in orders. Among these, the retail side had over ten thousand subscribers, with a subscription amount of $223 million, once again setting a new record for retail subscription in US IPOs on the Tiger Securities platform, demonstrating Tiger Securities' unique value as an emerging technology investment bank and its strong business synergy capabilities.
Email: tomy.tang@fusionprism.com
