Zhong Guo Jing Ji Wang·2025-11-05 09:10Core Points - Pingao Co., Ltd. (688227.SH) closed at 34.16 yuan, with a decline of 4.55%, currently in a broken state [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 30, 2021, with an issuance of 28.26 million shares at a price of 37.09 yuan per share [1] - The total funds raised from the initial public offering (IPO) amounted to 1.048 billion yuan, with a net amount of 917 million yuan after deducting issuance costs [1] - The net funds raised exceeded the original plan by 348 million yuan [1] - According to the prospectus disclosed on December 27, 2021, the company intended to raise 569 million yuan for various projects including an information technology innovation cloud platform, a dedicated information cloud service platform, the construction of Pingao Building, and to supplement working capital [1] Financial Details - The total issuance costs for the IPO were 131 million yuan, with underwriting and sponsorship fees amounting to 104 million yuan [2]