Changxin Technology Fully Exercises Over-allotment Option in IPO
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Changxin Technology announced that the over-allotment option for its initial public offering (IPO) of shares listed on the STAR Market has been fully exercised, resulting in the issuance of an additional 1.003 billion shares, increasing the total share capital to 67.884 billion shares. During the exercise period, the stock price was consistently above the issue price of 8.66 yuan per share. China International Capital Corporation (CICC), as the authorized joint lead underwriter for this issuance, did not use the funds obtained from the over-allotment to purchase the newly issued shares in the secondary market through competitive trading.
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