Venture(US:VEMLY) Sou Hu Cai Jing·2025-12-15 23:13Core Viewpoint - Shenzhen Tian Su Measurement Testing Co., Ltd. has received approval for its initial public offering (IPO) of ordinary shares (A-shares) and listing on the ChiNext board, with the issuance price set at RMB 36.80 per share [2][3]. Group 1: Issuance Details - The total number of shares to be issued is 1,630.4348 million shares, with a strategic placement of 244.5651 million shares initially planned, later adjusted to 163.0434 million shares, representing 10% of the total issuance [2][3][9]. - The issuance will combine strategic placement, offline inquiry placement, and online public offering, with the final strategic placement amounting to 163.0434 million shares [2][3]. Group 2: Subscription and Allocation - The offline subscription saw a total of 3,470,500 shares effectively subscribed, with A-type investors accounting for 65.98% and B-type investors for 34.02% of the total [1][10]. - The initial offline allocation was 1,051.6414 million shares, which constituted 71.67% of the shares available after deducting the strategic placement [3][4]. Group 3: Reallocation Mechanism - Due to a high subscription rate of 11,881.83836 times, a reallocation mechanism was activated, transferring 20% of the shares from offline to online, resulting in a final online allocation of 7,092,500 shares [4][10]. - The final online issuance rate was determined to be 0.0143576528%, with an effective subscription multiple of 6,964.92675 times [4]. Group 4: Lock-up Periods - Shares from the online issuance will have no restrictions and can be traded immediately upon listing, while 10% of the shares from the offline issuance will be subject to a six-month lock-up period [6][9]. - The strategic placement shares held by senior management and core employees will have a lock-up period of 12 months starting from the listing date [6][9].