Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-07-14 13:15Core Viewpoint - Shandong Shanda Electric Technology Co., Ltd. has successfully completed its initial public offering (IPO) and is set to be listed on the ChiNext board, with the approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][2]. Summary by Sections IPO Details - The total number of shares for the IPO is 40.72 million, priced at RMB 14.66 per share [2]. - The initial strategic placement consists of 6.108 million shares, accounting for 15% of the total issuance [2]. - The final strategic placement for employee asset management plans is 4.072 million shares, representing 10% of the total issuance [2]. Issuance Mechanism - The issuance combines strategic placement, offline inquiry placement, and online public offering [1]. - The initial offline issuance is 26.2645 million shares (71.67% of the remaining shares), while the online issuance is 10.3835 million shares (28.33%) [3]. Subscription and Allocation - The effective number of subscription accounts for the online issuance is 12,493,731, with a total of 96,348,870,500 shares applied for [6]. - The subscription multiple for online investors is 9,279.03602 times, leading to the activation of the allocation mechanism [6]. Lock-up Periods - For offline investors, 90% of the shares will have no lock-up period, while 10% will be locked for 6 months [5]. - Shares allocated to the employee asset management plan will have a lock-up period of 12 months [5]. Compliance and Payment - Investors must ensure timely and full payment of subscription funds; failure to do so will result in invalidation of the allocation [4][6]. - The underwriting firm will underwrite any shares that are forfeited due to non-compliance [5].