China's Jilin Optical and Electronic Materials is now a public company, as it starts trading on the Shanghai STAR Market (ticker 688378). The company raised 1.14 billion Yuan (US$166 million), and the IPO was 3,426 times oversubscribed.
Jilin Optical and Electronic Materials was established in 2005. The company develops and produces a range of OLED materials, including hole injection materials, hole transport materials, light-emitting layer materials and electron transport materials. In 2019 it Jilin etablished a $85 million OLED Material R&D center in China.
In FY2019 Jilin OLED's revenues were $44 million, up 15% from FY2018. In FY2017 its revenues were $6 million.