First day of the IPO | Associated Press (02671) was first listed and opened 15.63% higher in early trading. The company ranked third in the industrial sector of China's prefabricated steel structure construction market

The Zhitong Finance App learned that the first US stock (02671) was listed. The announcement showed that each share was priced at HK$7.1, and a total of 24.6 million shares were issued, with a total of 300 shares per lot, with a net proceeds of about HK$140 million. As of press release, it rose 15.63% to HK$8.21, with a turnover of HK$37.145,400.

According to public information, Midland Co., Ltd. is a comprehensive prefabricated steel structure construction subcontract service provider in the industrial sector in the prefabricated steel structure building (prefabricated steel structure building) market. The company provides comprehensive services for construction projects in various industries, covering project design and optimization, procurement, manufacturing and installation. The company is mainly engaged in the construction of precast steel structures in China (followed by overseas). With technology and expertise, the company has established a strong reputation in the industrial sector of the Chinese prefabricated steel construction market.

According to the Frost & Sullivan report, in terms of 2024 revenue, the company ranked third in the industrial sector of China's precast steel construction market, with a market share of 3.5%; the market shares of the two major players were 35.8% and 6.5%, respectively.