Changxin Technology IPO Priced at 8.66 Yuan per Share, Online Investors Abandon 6.59M Shares

According to BlockBeats, on July 21, Changxin Technology announced the results of its initial public offering on the Shanghai Stock Exchange Science and Technology Board. The offering price was set at 8.66 yuan per share, with an initial issuance of 6.688 billion shares, representing approximately 10% of the post-offering total share capital.

The final strategic placement comprised 1.667 billion shares, with an online subscription winning rate of approximately 0.47%. Online investors paid for 3.845 billion shares while abandoning 6.59 million shares; offline investors paid for 2.173 billion shares while abandoning 31,567 shares.