Kerun New Materials, a proton exchange membrane enterprise, initiates IPO counseling on the Science and Technology Innovation Board

On May 22, the report on the filing of the tutoring for the initial public offering (IPO) and listing of Suzhou Kerun New Materials Co., Ltd. was released.

The filing report revealed that Suzhou Kerun New Materials Co., Ltd. (hereinafter referred to as "Kerun New Materials") signed the "Tutoring Agreement for the Initial Public Offering of Suzhou Kerun New Materials Co., Ltd. and Minsheng Securities Co., Ltd." (hereinafter referred to as the "Tutoring Agreement") with Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities") on May 9, 2025, appointing Minsheng Securities as its tutoring institution for the IPO.

It is understood that Kerun Group was established in Huai'an, Jiangsu, in 2008, with its headquarters located in Wujiang Development Zone, Suzhou. The company has completed three rounds of financing, with investors including Sinopec Capital, Lianhong, Sequoia, China General Technology, Jiaqiao Capital, Yutong, BAIC, Great Wall Capital, and many other well-known venture capital and industrial investors. The company's valuation is nearly 3 billion yuan.

Kerun boasts 16 years of experience in the R&D and manufacturing of proton exchange membranes and is one of the earliest companies in China to achieve the industrialisation of perfluorinated proton exchange membranes. Kerun operates three major physical factories in Fujian, Huai'an, and Suzhou, and is one of only two companies in China that have achieved the entire industry chain from monomer to sulfonic acid resin to proton exchange membrane.

Suzhou Kerun New Materials Co., Ltd. was established on April 10, 2019, with its headquarters located in Wujiang Development Zone, Suzhou. It is one of the top-tier enterprises in China's proton exchange membrane material industry. After more than a decade of scientific research and dedicated efforts, the company is committed to the industrialisation of core membrane materials for "flow battery energy storage + hydrogen energy". The company has established a layout covering the entire industry chain from "resin synthesis to membrane preparation to detection and application development", achieving domestic independent production of perfluorinated sulfonic acid proton exchange membranes. For three consecutive years, it has ranked among the top in the domestic industry in terms of shipments of perfluorinated sulfonic acid proton (ion) exchange membranes.