The China Securities Regulatory Commission (CSRC) has issued its official approval for the initial public offering (IPO) registration of Jiangsu Gaokai Precision Fluid Technology Co., Ltd.

The company plans to list on the Shanghai Stock Exchange's Science and Technology Innovation Board, commonly known as the STAR Market.

Guotai Junan Securities and Haitong Securities are serving as the joint sponsors for the offering, which aims to raise approximately 1.5 billion yuan.

According to its prospectus, Gaokai Technology specializes in the research and development, production, and sales of critical control components and related equipment within the precision fluid control sector.

Its core product lines include flow control systems, dispensing and packaging systems, and precision coating systems.

The company's offerings have been extended to encompass a wider variety of precision fluid control components and equipment, such as parts for semiconductor vacuum systems.

These products find extensive application in intelligent manufacturing fields, including semiconductors, consumer electronics, automotive electronics, and new energy.