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Changxin Technology’s IPO fundraise doubles to 579 billion yuan, with retail investors able to apply for the new shares on July 16

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ME News, July 15 (UTC+8). According to Beating monitoring by Beating, Changxin Technology has set the Science and Technology Innovation Board IPO offer price at 8.66 yuan per share. Based on the initial offering size, the company is expected to raise 57.919 billion yuan, nearly double the originally planned 29.5 billion yuan. If all over-allotment (greenshoe) is fully exercised, the amount raised will increase further to 66.607 billion yuan. This will be the largest IPO in Asia this year, and the largest semiconductor IPO in China A-shares by offering size. Retail investors can participate in the online subscription on July 16, with the subscription code “787825”. The stock is expected to list on July 27. (Source: BlockBeats)
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