When will Jinlong Rare Earth be listed?

February 2023 13. According to the inquiry of official website of Shanghai Stock Exchange, on February 3, 2023, Northern Rare Earth Company plans to participate in the capital increase and share expansion of Jinlong Rare Earth, a wholly-owned subsidiary of Xiamen Tungsten Industry, and simultaneously introduce the reform of employee stock ownership and mixed ownership, that is, the company plans to invest about/kloc-0.05 billion yuan in monetary capital in a non-public agreement to help Jinlong Rare Earth go public on February 3,/kloc-0.5. Listing is a term in the securities market. In a narrow sense, initial public offering (IPO) refers to the process that an enterprise issues shares to investors for the first time through a stock exchange in order to raise funds for enterprise development.