Jin Rong Jie·2025-12-11 09:24Core Viewpoint - Moer Technology's stock price surged significantly, reaching 941.08 CNY per share, marking a 28.04% increase on the fifth trading day since its IPO, with a total market capitalization of 442.3 billion CNY [1]. Group 1: Stock Performance - The IPO price of Moer Technology was set at 114.28 CNY, and the current closing price represents a 723% increase from the IPO price [1]. - Investors who were allocated shares in the IPO and held them until now would have a floating profit of approximately 413,400 CNY per share [1]. Group 2: Underwriting and Strategic Placement - CITIC Securities, the underwriter, profited significantly from the shares it underwrote, with an estimated floating profit of about 24.22 million CNY from the 29,302 shares that were abandoned by investors [3]. - Moer Technology allocated 1.4 million shares for strategic placement, with a floating profit of approximately 1.158 billion CNY, subject to a 24-month lock-up period [3]. Group 3: Underwriting Fees - The total underwriting and sponsorship fees for Moer Technology's IPO were approximately 392 million CNY, including a sponsorship fee of 3 million CNY and an underwriting fee of 389 million CNY [4].