The largest domestic ATM manufacturer GRG Banking successfully went public on the Shenzhen Stock Exchange on August 13. The company (Stock Code: SSE 002152) has raised up to RMB 430 million (about US$ 55 million) by issuing a total of 36 million shares in the country’s A-share market.

In 2006, GRG Banking ranked the third in China with a 16.45% market share in the ATM industry. The company aims to capture a more than 25% market share in 2008 and expects its ATM sales volume to reach 7,400 units and its worldwide market share worldwide to grow from 1.2% in 2006 to over 2% this year.

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