China IPO Digest: Ruixin lists on ChiNext; Raycloud seeks to raise $61m

China IPO Digest: Ruixin lists on ChiNext; Raycloud seeks to raise $61m

IPO

Aluminum alloy products supplier Tianjin Ruixin Technology listed at a premium on the ChiNext board in Shenzhen, while Alibaba-backed SaaS developer Hangzhou Raycloud Technology has kicked off its  STAR Market IPO process.