Liu Jianfang, a former professor who spent almost two decades teaching at China’s Jilin University, is the latest entrepreneur to amass immense wealth from the country’s self-reliance drive.

Shares of a semiconductor component maker Liu founded in 2013 have surged almost 400% from their initial public offering price within days of the firm’s Shanghai listing on Tuesday, giving the academic a $1.4 billion net worth based on his stake, according to Forbes estimates.

Liu, 51, is the chairman and CEO of Jiangsu Gao Kai Precision Fluid Technology (GK Precision). Headquartered........

© Forbes