New stock Oulang Electrical went up 42.16% at the open on its first day of trading.

Newly listed stock Oulun Electrical opened up 42.16% on its first day of trading and is now quoted at 55.00 yuan. The company’s offering price was 38.69 yuan. Zhejiang Oulun Electrical Co., Ltd. conducts an integrated R&D, design, manufacturing, sales and service business centered on environmental conditioning equipment. The company’s main products include dehumidifiers, portable air conditioners, car refrigerators, heat pump series, and accessories.
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