CAC Nantong Opens 328% Higher on ChiNext IPO Debut, Bolstering Global Agrochemical Reach
On April 11, 2025, CAC Nantong Chemical Co., Ltd. (“CAC Nantong”), a Chinese agrochemical producer, made its official debut on the Shenzhen Stock Exchange’s ChiNext board. The company’s stock opened 328% above its issue price, marking one of the strongest IPO performances on the exchange this year.
IPO Highlights
CAC Nantong issued 45 million new shares at an issue price of 10.27 yuan per share, raising a total of 462.15 million yuan. After deducting issuance expenses, the net proceeds amounted to 389.77 million yuan.
According to the company’s IPO prospectus, the funds will support several investment projects, including fungicide production capacity expansion and the construction of a research and development center to enhance innovation in pesticide formulation and synthesis.
Company Overview
CAC Nantong specializes in the R&D, production, and sale of pesticide active ingredients and functional chemicals. It holds a strong position in the market for three core products:
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Chlorothalonil
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Azoxystrobin
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2,4-D (2,4-Dichlorophenoxyacetic acid)
The company is known for its high production scale and technical capabilities and operates under the umbrella of the CAC Group, one of China’s well-established agrochemical conglomerates.
