On July 25th, 1 new stock was subscribed today, which is Longsys of the Growth Enterprise Market. Longsys, a new stock on the GEM, disclosed that the issue price was 55.67 yuan, and the issue price-earnings ratio was 24.76 times.
Launched on July 25, Longsys is known as "the first stock in the GEM memory industry". The company is mainly engaged in the research and development, design and sales of Flash and DRAM memory. Customers include Xiaomi, ByteDance, ZTE, Samsung Electronics, Amazon, Walmart, BestBuy and other well-known companies. In August 2017, Longsys received much attention from the market for its acquisition of Lexar, the world's leading flash memory brand.