$OST down 88%!? Stop sleeping on it here. TINY FLOAT OVERKILL. Looking for $6+ short term. Loading. NO SHARES AVAILABLE TO SHORT!
Ostin Technology, a low-key technology company, made an electrifying debut as the first Chinese stock offering in the US since February, underlining strong appetite even as regulatory officials remained at odds over audit and delisting issues.
The supplier of display modules and polarisers soared 892 per cent on Nasdaq to US$39.66 on Wednesday, giving it market value of US$535.4 million. The company raised US$13.5 million in gross proceeds by selling 3.38 million shares at US$4 each.
Ostin's factories in Nanjing, a mainland city in eastern Jiangsu province, produce display parts used in consumer electronics, outdoor LCD displays, and automotive panel displays.
