Turbine materials group Swancor Advanced Materials Co. (SAMC) roared out of the traps in its quest to grab a quarter-share of the global market for resins used in the wind industry, as it staged a landmark initial public offering (IPO) for a Taiwan-linked company on China’s Shanghai stock exchange.

SAMC saw its share price soar more than 730% from an initial offer price of 2.49 yuan on its first day of trading last week, as the subsidiary of wind pioneer Swancor Holding became the first with a background in Taiwan to list on China's Nasdaq-equivalent Shanghai Stock Exchange's STAR market.