Core Viewpoint - The company, 超颖电子电路股份有限公司, has received approval for its initial public offering (IPO) of 525 million shares on the Shanghai Stock Exchange, with a determined issue price of 17.08 yuan per share [1][5][6]. Group 1: IPO Details - The IPO will consist of 525 million shares, all of which are new shares offered to the public [1]. - The offering will be conducted through a combination of strategic placement, offline inquiry, and online issuance [2]. - The strategic placement will involve senior management and core employees, as well as large enterprises with strategic cooperation [3]. Group 2: Pricing and Valuation - The determined issue price of 17.08 yuan per share corresponds to a price-to-earnings (P/E) ratio of 23.78 times based on the 2024 earnings before non-recurring gains and losses [6]. - The issue price is below the average static P/E ratio of 60.52 times for the industry as of October 10, 2025 [7][8]. - The total expected fundraising amount is 896.7 million yuan, exceeding the previously stated fundraising requirement of 660 million yuan [9][10]. Group 3: Subscription Process - Investors can subscribe to the shares on October 15, 2025, with specific time slots for online and offline subscriptions [5]. - The offline investors are required to commit to a 10% lock-up period for a portion of their shares, while 90% will be tradable immediately upon listing [11]. - Each investor can only choose one method of subscription, either online or offline [12]. Group 4: Risk and Compliance - The company emphasizes the importance of understanding the risks associated with the IPO, including the potential for the stock price to fall below the issue price after listing [10][16]. - The company and its underwriter will monitor the subscription process and may suspend the offering under certain conditions, such as insufficient subscription volume [13][15].
超颖电子电路股份有限公司 首次公开发行股票并在主板上市投资风险特别公告
Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-14 05:24