By Li Panpan

(JW Insights) Aug 10 -- Blue Rocket Electronics (蓝箭电子), a Chinese packaging and testing solution provider, has successfully been listed on the Shenzhen Stock Exchange's ChiNext board on August 10, according to the Exchange announcement.

The company's stock code is 301348, with an issue price of RMB18.08($2.52) per share. As of the morning of August 10, Blue Rocket has soared 360.2%, to RMB83.20 ($11.62), with a total market value of RMB16.64 billion($2.32 billion).

Founded in 1998 and based in Foshan, southern China's Guangdong Province, Blue Rocket Electronics engages in the semiconductor packaging and testing for discrete devices and integrated circuit products.

The company's main products are discrete device products such as transistors, diodes, and field effect transistors and integrated circuit products such as AC-DC, DC-DC, lithium battery protection ICs, and LED driver ICs.

The company can produce over 10 billion semiconductors annually. Its production capacity of discrete devices ranks eighth among companies in China and fourth among domestic-owned enterprises, said the company.