Venture(US:VEMLY) Sou Hu Cai Jing·2026-02-23 23:11Core Viewpoint - The company, Gude Electric Materials System (Suzhou) Co., Ltd., is set to conduct an initial public offering (IPO) on the ChiNext board, with a share price of 58.00 yuan per share, which reflects a diluted price-to-earnings (P/E) ratio of 27.96 times for 2024, lower than the industry average of 30.44 times and the average of comparable companies at 50.46 times [3][4]. Group 1: IPO Process and Pricing - The IPO will utilize a combination of strategic placement, offline inquiry, and online issuance methods for pricing and distribution [2]. - The final issuance price of 58.00 yuan per share was determined after considering various factors, including remaining bids, subscription amounts, and market conditions [4]. - The strategic placement will involve a special asset management plan for employees, accounting for approximately 9.58% of the total issuance, while other strategic investors will account for about 4.79% [6]. Group 2: Subscription and Allocation - Investors are required to express their subscription intentions independently, and the subscription date for both online and offline investors is set for February 25, 2026 [5][8]. - The offline issuance will have a lock-up period where 10% of the allocated shares will be restricted for 6 months, while 90% will be freely tradable upon listing [7]. - A mechanism for adjusting the scale of online and offline issuance will be activated based on the initial effective subscription multiples from online investors [8]. Group 3: Lock-up Periods - The lock-up period for shares allocated to the employee management plan is set for 12 months, while other strategic investors will have lock-up periods ranging from 12 to 18 months [7].