[advertise]广告[/advertise]12/3/2009, leading Chinese fiber and copper connecting solution provider for telecom industry, Sun&sea went public in Shenzhen stock market today. The initial IPO price was 24.8RMB, but the price has quickly increased to 46RMB. This time, Sun&Sea will issue 25million shares into circulation. Through the IPO, Sun$Sea can get more than 600million RMB from the stock market.The company totally has 100million shares after this IPO. Where will these money go? According to Sun&Sea's introduction, they will use the money on R&D, especially on development of FTTH systems, new optical component (connectors), 3G communication passive infrasture, broadband connecting systme etc. We tried to ask them for detailed information, but the company won't like to talk. In China's passive infrastructure market, Sun&Sea has more than 11% market share. Its close competitors include Nanjing Putian, Centuryman etc. In fact this market has many middle sized players. Each of these players usually has their own special market. Mr Wang,wensheng, founder of Sun&Sea once worked in one of these middle sized companies, but when he later founded his own company, he found a way to develope quicker. Although Sun&Sea cannot dominate this market, but it still can be one of the largest passive infrastructure manufactures in mainland China. Only Nanjing Putian and Centuryman can have similar scale. Putian is a state-hold company which once belonged to the former post and telecom ministry. Centuryman now is part of ADC telecom. The company once has very close relationship with Sun&Sea, Centuryman's founders were also one of Sun&Sea's core team members before they left to found Centuryman . These years, Sun&Sea has always tried to develope overseas market. Through cooperation with Huawei and ZTE, they have made some success on overseas market. They also tried to build their own sales network in some countries like Russia. Sun&Sea is the 2nd fiber optic company who went public this year. This July, component company Accelink filed IPO successfully in Shenzhen market. Now it is turn for Sun&Sea. Not like Accelink, Sun&Sea has fewer technology advantage, but its sales network in mainland China, its manufacturing scale all will help it became a leader in China's fiber optics industry.