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Changxin Technology: Online investors abandon subscription of 6.5862 million shares

6 hours ago

Changxin Technology announced that the issuance results of its initial public offering (IPO) of shares and listing on the Sci-Tech Innovation Board (STAR Market) have been released. The offering price is set at RMB 8.66 per share, with an initial issuance of 6.688 billion shares, accounting for approximately 10% of the company’s total share capital after the offering. The final strategic placement volume is 1.667 billion shares, and the final online issuance subscription rate is approximately 0.47141739%. Online investors subscribed for 3.845 billion shares, with 6.5862 million shares waived; offline investors subscribed for 2.173 billion shares, with 31,567 shares waived. The joint lead underwriters underwrote 6.6178 million shares, with an underwriting amount of RMB 57.3101 million. Prior to the exercise of the over-allotment option, the issuance expenses amounted to RMB 281 million.

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