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Yuexin Semiconductor's IPO on ChiNext Draws 0.0424% Online Lottery Rate
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Yuexin Semiconductor (301660.SZ) announced the results of its online subscription for its initial public offering (IPO) on the ChiNext board of the Shenzhen Stock Exchange. The issuance price was set at 12.01 yuan per share. The initial offering size was 513 million shares, which expanded to 590 million shares after the full exercise of the over-allotment option. The online subscription attracted 14.4354 million valid subscriber accounts, with total valid subscription shares reaching 423.383 billion. After the activation of the return mechanism, the final online issuance was 179 million shares. The resulting lottery rate was 0.0423786759%, with an effective subscription multiple of 2,359.68 times. The data indicates strong investor demand for the semiconductor company's shares.
Source report
September 27 — Yuexin Semiconductor (301660.SZ) announced the results of its online subscription for its initial public offering (IPO) on the ChiNext board of the Shenzhen Stock Exchange.
Key details from the announcement:
- Issue price: RMB 12.01 per share
- Initial offering size: 513 million shares
- Total shares after full exercise of over-allotment option: 590 million shares
- Valid online subscription accounts: 14,435,400
- Valid online subscription shares: 423.383 billion shares
- Final online distribution after the activation of the return mechanism: 179 million shares
- Lottery rate: 0.0423786759%
- Effective subscription multiple: 2,359.68 times
Source
财联社Eastern
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Yuexin Semiconductor IPO draws massive demand with 0.0424% lottery rate