On May 12, 2023, Shenzhen Manst Technology Co., Ltd. (Stock Code: 301325.SZ) completed its IPO and successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market (GEM). This IPO involved the issuance of 30 million new shares, with no shares from existing shareholders. The price-to-earnings ratio for this issuance was 46.66, surpassing the industry average. The price per share was set at RMB 76.80, resulting in a total fundraising amount of RMB 2.304 billion, making it the highest fundraising in the field of electronic equipment, instruments, and components this year and placing Manst among the top three in the professional equipment manufacturing industry within the A-share market. On its opening day, the market capitalization exceeded RMB 12 billion.

As the issuer's legal counsel, Jingtian & Gongcheng's legal team has provided comprehensive legal services to Manst over the years, including corporate restructuring, private financing, stock reform, and listing processes.