Venture(US:VEMLY) Shang Hai Zheng Quan Bao·2025-09-22 18:39Core Viewpoint - Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. has received approval for its initial public offering (IPO) of 16,279,025 shares on the ChiNext board, with a determined price of RMB 27.00 per share [1][2]. Group 1: Issuance Details - The total number of shares for this issuance is 16,279,025, with a price set at RMB 27.00 per share [2]. - The issuance will involve a combination of strategic placement, offline pricing, and online issuance to eligible investors [1]. - The initial strategic placement was 2,441,853 shares (15.00% of total), which was later adjusted to 1,559,259 shares (9.58% of total) [3][10]. Group 2: Subscription and Allocation - The offline issuance accounted for 1,056,876.6 shares (71.80% of the adjusted total), while the online issuance accounted for 415,100 shares (28.20%) before any adjustments [3]. - Due to a high subscription rate of 11,921.81 times, a reallocation mechanism was triggered, moving 294,400 shares from offline to online issuance [4]. - The final allocation after adjustments resulted in 762,476.6 shares for offline and 709,500 shares for online investors [4]. Group 3: Payment and Lock-up Period - Investors must ensure that subscription funds are fully paid by September 23, 2025, or their allocations will be void [5][9]. - Online shares will have no restrictions and can be traded immediately upon listing, while offline shares will have a 6-month lock-up period for 10% of the allocated shares [7]. - The strategic placement shares will have a 12-month lock-up period starting from the listing date [7].