On August 4, the IPO proposal filed by Colorlight Cloud Tech Ltd (hereinafter “Colorlight”) for ChiNext (an enterprise growth market of the Shenzhen Stock Exchange) was approved. With China International Capital Corp (CICC; 601995) being its IPO sponsor, the LED equipment manufacturer plans to raise up to RMB831 million (US$128 million). Reportedly, Colorlight will issue no more than 170 million shares, which accounts for at least 25% of the total share capital after IPO. Image source: PAIXIN.COM With Continuous Sales ...