Core Viewpoint - Hengkun New Materials (688727.SH) experienced a significant decline in stock price, closing at 51.54 yuan, with a drop of 11.47% on November 21, 2025 [1] Group 1: IPO Details - Hengkun New Materials was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 18, 2025, with an initial public offering (IPO) of 67,397,940 shares at a price of 14.99 yuan per share [1] - The total amount raised from the IPO was 1,010,295,120.60 yuan, with a net amount of 891,734,601.30 yuan after expenses [1] - The final net amount raised was 115 million yuan less than the original plan [1] Group 2: Fund Allocation - The company plans to use the raised funds for the second phase of the integrated circuit precursor project and for advanced materials for integrated circuits, with a total planned fundraising of 1,006.695 million yuan [1] Group 3: Underwriting and Fees - The total issuance expenses amounted to 118.5605 million yuan, with underwriting and sponsorship fees accounting for 82.3721 million yuan [1]
恒坤新材上市第4个交易日跌11.47%