Dawning Information Industry, a China-based manufacturer of supercomputers, just listed its initial public offering on the Shanghai Stock Exchange on Nov. 6. The company set its share price at 5.29 yuan ($0.88) apiece.
The IT firm is supported by the Chinese Academy of Sciences, an institution of the State Council and the country's think tank. Dawning developed the petascale supercomputer called Nebulae, which ranked second as the most powerful computer worldwide with a processing speed of 1.27 petaflop per second in the TOP 500's June 2010 list. The supercomputer was made in China and is currently situated at the National Supercomputing Center's branch in Shenzhen.
The Nebulae's processing speed was doubly surpassed by the Tianhe-1 supercomputer, which was jointly made by the National University of Defense and Technology along with other scientific IT organizations. The Tianhe-1 was the world's fastest up until an upgraded version, the Tianhe-1A, overtook its place with a processing speed of 2.507 petaflops per second.
Dawning is also planning to make another supercomputer, the Dawning 7000, in May 2015. It will be primarily designed for commercial demands for massively scaled storages, application programs and high-speed communication networks.
Dawning, considered as the high-computing stock pioneer in China, set 75 million shares to be made available to stock traders in order to reach 400 million yuan on the market.
There are many field applications of high-computing technology, including aviation, biomedicine, energy, industrial manufacturing and meteorology. Such advanced technology are used in colleges, enterprises, government departments and research and development institutes.