Venture(US:VEMLY) Sou Hu Cai Jing·2025-12-03 23:13Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. is organizing its initial public offering (IPO) and listing on the ChiNext board, adhering to various regulatory guidelines and rules set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [1][2][3] Group 1: IPO Process - The IPO will be conducted through a combination of strategic placement, offline inquiry, and online issuance to public investors holding non-restricted A-shares and depository receipts [2][3] - The strategic placement will involve the company's senior management and core employees, along with related subsidiaries of the sponsor participating in a special asset management plan [3][4] - The offline inquiry will directly determine the issuance price without cumulative bidding [5][6] Group 2: Investor Participation - Qualified institutional investors, including registered securities companies, fund management companies, and insurance companies, are eligible to participate in the offline issuance [5][8] - Each participating investor can submit up to three different quotes, with the highest quote not exceeding 120% of the lowest quote [7][8] - The minimum subscription quantity for each participating object is set at 1 million shares, with increments of 100,000 shares [7][8]