Lootom Telcovideo Network (Wuxi) Co listed on the Shenzhen Stock Exchange on Oct 18, becoming only the 11th listed company based in Wuxi’s Binhu district.
Lootom has seen tremendous development over the past five years with its gross increasing from 97 million yuan ($14.4 million) in 2011 to 320 million yuan in 2015. Its net revenue also increased by 275 percent from 16 million yuan to 60 million yuan.
Encouraged by its growth, the company’s intial public offering (IPO) had a good start on its first day with the share price increasing from 15.4 yuan per share to 22.18 yuan per share.
Lootom is an integrated network solutions and services provider. Its main products include CATV Products, analog digital head-end equipment, fiber transmission equipment, RF system transmission equipment and EPON EOC Equipment.
