Core Viewpoint - Chongqing Zhixin Industrial Co., Ltd. is set to conduct its initial public offering (IPO) and list on the main board, following approval from the China Securities Regulatory Commission and the Shanghai Stock Exchange [1][17]. Group 1: Issuance Details - The company plans to issue a total of 56,666,667 shares, representing 25% of the total share capital post-issuance, with no existing shares being transferred [19]. - The issuance will combine strategic placement, offline issuance, and online issuance, with the lead underwriters responsible for organizing these processes [17][20]. - The initial strategic placement will consist of 11,333,333 shares, accounting for 20% of the total issuance, while the offline and online offerings will be 27,200,334 shares and 18,133,000 shares, respectively [20]. Group 2: Pricing Mechanism - The issuance price will be determined through preliminary inquiries from qualified investors, without cumulative bidding [21]. - The pricing will consider various factors, including the company's profitability, growth potential, and comparable company valuations, while excluding the highest bids [11][21]. - Investors must submit their pricing basis and suggested price ranges during the inquiry period, with specific requirements for institutional and individual investors [5][6]. Group 3: Investor Participation - Qualified offline investors include registered securities firms, fund management companies, and other institutional investors, as well as individual investors [3][4]. - Investors must complete registration and submit necessary documentation by December 29, 2025, to participate in the offline issuance [3][4]. - The maximum subscription amount for each investor is capped at 13.6 million shares, which is 50% of the initial offline issuance [10]. Group 4: Lock-up Period - For the offline issuance, 10% of the allocated shares will be subject to a six-month lock-up period, while 90% will be freely tradable upon listing [13][22]. - The online issuance shares will have no lock-up restrictions and will be tradable immediately after listing [22]. Group 5: Important Dates - The roadshow for offline investors will take place from December 25 to December 29, 2025, with an online roadshow scheduled for January 5, 2026 [26].
重庆至信实业股份有限公司 首次公开发行股票并在主板上市发行安排及初步询价公告
Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-25 01:17