Core Viewpoint - Greebo (301260.SZ) has experienced a significant decline in stock price, currently trading at 17.53 yuan, reflecting a drop of 12.48% and is now in a state of loss since its IPO [1] Group 1: IPO Details - Greebo was listed on the Shenzhen Stock Exchange's ChiNext board on February 8, 2023, with an issuance of 12.154 million shares at an initial price of 30.85 yuan per share [1] - The stock reached its highest price of 41.88 yuan on February 9, 2023, the day after its listing [1] - The total funds raised from the IPO amounted to 374.95 million yuan, with a net amount of 354.44 million yuan after deducting issuance costs, exceeding the original plan by 8.84 million yuan [1] Group 2: Fund Utilization - The funds raised are intended for several projects, including the construction of a smart manufacturing base for 5 million units of new energy garden machinery, production of 30,000 units of new energy unmanned lawn mowers, and 50,000 lawn robots, as well as the establishment of a research center for new energy smart garden machinery [1] - Additional allocations include working capital and repayment of bank loans [1] Group 3: Underwriting Fees - The total issuance costs amounted to 20.51 million yuan, with 16.12 million yuan allocated to the underwriting and sponsorship fees for CITIC Securities [2]