Zhong Guo Jing Ji Wang·2025-09-02 08:43Core Viewpoint - Pingao Co., Ltd. (688227.SH) is currently experiencing a decline in stock price, closing at 33.44 yuan with a drop of 5.75%, resulting in a total market capitalization of 3.781 billion yuan. The stock is in a state of breaking its initial public offering price [1]. Summary by Sections Company Overview - Pingao Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 30, 2021, with an issuance of 28.263819 million shares at an initial price of 37.09 yuan per share [1]. - The company raised a total of 1.048 billion yuan from its initial public offering, with a net amount of 917 million yuan after deducting issuance costs. The final net fundraising exceeded the original plan by 348 million yuan [1]. Fundraising Purpose - The funds raised are intended for several projects, including the development of an information technology innovation cloud platform, a dedicated information service cloud platform, the construction of Pingao Building, and to supplement working capital [1]. Issuance Costs - The total issuance costs for the initial public offering amounted to 131 million yuan, with underwriting and sponsorship fees accounting for 104 million yuan [2].