Jiangsu Hengkang Home officially debuts the prospectus on June 11 and declares the company will go public in Shanghai Stock Exchange.

The company plans to raise 0.57 billion yuan via the circulation of up to 60 million shares. The money will be used to upgrade the facility and technology of memory foam mattress and pillow, expand the research center and enhance the marketing network. The company will have annual production capacity of 1.48 million memory foam mattresses and 3.62 million memory foam pillows after the project accomplished.

Jiangsu Hengkang was founded in 2003 as a foam factory and then grow to be an export-oriented (more than 90%) high-tech company focus on the research, manufacture and sell of memory foam mattress, pillow, upholstery and other leisure products.