On July 21, Changxin Technology (688825.SH) announced the results of its initial public offering on the STAR Market. The issue price was 8.66 yuan per share, with an initial offering of 6,688,088,608 shares, accounting for approximately 10% of the total post-issuance share capital. The final strategic placement was 1,667,064,720 shares, and the final online issuance lot-winning rate was approximately 0.47141739%. Online investors subscribed and paid for 3,844,517,273 shares and abandoned 6,586,227 shares; offline investors subscribed and paid for 2,173,101,821 shares and abandoned 31,567 shares. The joint lead underwriters underwrote 6,617,794 shares, with an underwriting amount of 57.3101 million yuan. Before the exercise of the over-allotment option, the issuance expenses were 281 million yuan.
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Changxin Technology: Online Investors Abandon Subscription of 6,586,227 Shares
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