PIA goes public at the Shanghai Stock Exchange
This morning, our parent company Ningbo PIA Automation Holding Corp. was listed at the Shanghai Stock Exchange STAR Market and officially registered on the Science and Technology Innovation Board.
"This is an exciting day for all of us," comments Co-CEO Thomas Ernst on the IPO. "We are pleased to now be listed on the stock exchange in China with some of the world's best-known brands, thus underlining our leading market position in the automation sector. At the same time, we focus on the future: with the IPO, we are creating the foundation to continue our growth and to further drive the automation and digitalization of our industry."
PIA is allocating around 25% of its shares to the capital market, so there is no change in the basic ownership resulting from the IPO. Jeff Wang (founder of Joyson Group) remains majority owner of the company.
In our video we take you on the IPO Roadshow and give you insights into today's opening ceremony:
Since the 1970s, PIA has built up and continuously developed a unique know-how worldwide to provide its customers with tailor-made production solutions at the highest feasible technological level. The automation expertise ranges from specialized manual workstations for efficient lean production to complex production plants for the mobility, health care, commercial goods, consumer goods and Industry 4.0 sectors. With 11 locations from Chicago to Shanghai, PIA is not only a global player, but close to to the customers – worldwide.
