Changxin Technology said the overallotment option tied to its initial public offering and STAR Market listing was exercised in full, adding 1.003 billion new shares and lifting its total share capital to 67.884 billion shares. The company said China International Capital Corporation, or CICC, acted as the authorized joint lead underwriter for the deal. Because the stock traded above the IPO price of RMB 8.66 per share throughout the exercise period, CICC did not use funds raised through the overallotment arrangement to buy the company’s shares in the secondary market through competitive bidding. The disclosure covers the size of the new issuance, the updated total share count, the IPO price reference, and the underwriter’s handling of the greenshoe-related funds during the exercise window.
Changxin Technology said the overallotment option for its initial public offering and listing on Shanghai’s STAR Market was exercised in full, resulting in the issuance of 1.003 billion additional shares and increasing the company’s total share capital to 67.884 billion shares.
The company said that during the exercise period, its share price remained above the IPO price of RMB 8.66 per share. As a result, China International Capital Corporation (CICC), the authorized joint lead underwriter for the offering, did not use funds obtained through the overallotment arrangement to purchase the company’s shares in the secondary market through competitive bidding.
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