Changxin Technology on July 21 released the results of its initial public offering and STAR Market listing, according to BlockBeats. The company priced the deal at CNY 8.66 per share, with an initial issuance of 6.688 billion shares, equal to about 10% of its total share capital after the offering. Final strategic placement reached 1.667 billion shares, while the final online subscription success rate was about 0.47141739%.
The filing shows online investors paid for 3.845 billion shares and left 6.5862 million shares unsubscribed. Offline investors paid for 2.173 billion shares and left 31,567 shares unsubscribed. Joint lead underwriters took up 6.6178 million shares, with an underwriting amount of CNY 57.3101 million. Before any exercise of the over-allotment option, issuance expenses stood at CNY 281 million.
Changxin Technology has released the results of its initial public offering and STAR Market listing, BlockBeats reported on July 21.
The company said the offering was priced at CNY 8.66 per share. The initial issuance totaled 6.688 billion shares, accounting for about 10% of total share capital after the offering. Final strategic placement came to 1.667 billion shares, and the final online allotment success rate was about 0.47141739%.
Online investors paid for 3.845 billion shares and left 6.5862 million shares unsubscribed. Offline investors paid for 2.173 billion shares and left 31,567 shares unsubscribed.
Joint lead underwriters absorbed 6.6178 million shares, with an underwriting amount of CNY 57.3101 million. Before the over-allotment option is exercised, issuance expenses were CNY 281 million.
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