ZC Rubber reached a market capitalization of $6 billion during its IPO on the Shanghai Stock Exchange

ZC Rubber (Zhongce Rubber Group Co. Ltd.) officially listed its shares on the Shanghai Stock Exchange (SSE) under the stock code 603049.

The company issued 87.45 million shares at a price of 46.50 yuan per share, achieving an initial market capitalization of over 45 billion yuan (USD 6.263 billion).