Construction services provider Shenzhen Institute of Building Research Co Ltd (iBR) was listed on Shenzhen Stock Exchange's ChiNext board, the NASDAQ-style board of growth enterprises, on Wednesday.

About 36.67 million shares were issued at 3.66 yuan ($0.54) per share.

Ye Qing, chairman of the company, said the listing was not the end, but a starting point in the company's development process.

iBR specializes in scientific research related to construction, consulting, construction design, engineering inspection and so forth.

The company has worked on Zhongguancun incubation, an acceleration and cloud computing innovation base in Beijing, the Conference Center of Shenzhen University City in Shenzhen and Wuxi Low Carbon Exhibition Center in Jiangsu province.

Ye said that the company has attached great importance to innovation over the past 20 or more years since its establishment in 1992.

She said that the company will continue to strengthen its core technological advantages in promoting green construction to develop itself into a comprehensive service provider for the development of a healthy and environmentally-friendly city.