China’s top software developer for enterprise big data infrastructure, Transwarp, a Qiming Venture Partners portfolio firm, successfully listed on the STAR board of the Shanghai Stock Exchange today.

Transwarp (SHSE: 688031) has a market capitalization of RMB 8.701 billion, was issued for RMB 47.34 per share, and opened at RMB 72 per share, up by 52.09%.
Qiming Venture Partners, an early investor, funded the business’ Series A+ round in 2015 and continues to invest in Series B, supporting the company’s development and growth all along the way. The successful IPO of Transwarp marks Qiming Venture Partners’ seventh offering since the start of 2022.
Providing infrastructure software and services for the complete data life cycle, including data integration, storage, governance, modelling, analysis, mining, and circulation, Transwarp is a pioneer in the development of big data infrastructure software in China. In order to assist clients and partners in creating data application systems and businesses as well as assisting them in achieving digital transformation, the company has developed a software product portfolio that includes big data and cloud infrastructure platforms, distributed relational databases, data development, and intelligent analysis tools.

Source: Prnewswire