Changxin Technology: Online Investors Forfeit Subscription of 6.5862 Million Shares

BlockBeats News, July 21st, Changxin Technology announced that the results of the company's initial public offering and listing on the Sci-Tech Innovation Board have been disclosed. The issue price this time was ¥8.66 per share, with an initial total of 6.688 billion shares issued, accounting for approximately 10% of the total post-issue share capital.

The final strategic placement quantity was 1.667 billion shares, with an ultimate online subscription winning rate of about 0.47141739%. Online investors applied to subscribe for 3.845 billion shares and abandoned 6.5862 million shares; offline investors applied to subscribe for 2.173 billion shares and abandoned 31,567 shares.

The joint lead underwriters underwrote 6.6178 million shares, with an underwriting amount of ¥57.3101 million. Before the exercise of the over-allotment option, the issuance costs were ¥0.281 billion.