Yushu Technology Initiates SSE STAR Market IPO Initial Inquiry, Market Estimates IPO Valuation to Exceed 40 Billion Yuan

BlockBeats News, August 5th. According to a previous announcement, August 5th is the preliminary inquiry day for Yushu Technology's STAR Market IPO. After the inquiry is completed, the subscription will open on August 10th. Both online and offline subscription dates are on August 10th, and the payment deadline is August 12th. During the preliminary inquiry on August 5th, the period is from 9:30 to 15:00. The sponsor (lead underwriter) conducts offline investor verification, and investors participating in strategic placement pay the subscription funds. On August 6th, the issue price will be determined, the eligible bidders and the number of shares they can subscribe for will be determined, and the investors participating in the strategic placement will determine the final allocation quantity and ratio.

The Yushu Technology IPO this time is intended to raise 4.202 billion yuan, publicly issue 40.4464 million new shares, accounting for 10% of the post-issue total share capital, with a post-issue total share capital of 404 million shares. The market estimates that Yushu Technology's IPO valuation will exceed 40 billion yuan. According to the STAR Market's new stock subscription unit of 500 shares and the estimated market value calculation, the IPO issuance price of Yushu Technology is approximately 104 yuan per share. One lot of new shares requires a payment of about 52,000 yuan. However, the specific deviation of the IPO inquiry price is still subject to market participants' determination. (Jinse Finance)