Venture(US:VEMLY) Xin Lang Cai Jing·2026-02-25 17:54Core Viewpoint - The company, Gude Electric Materials System (Suzhou) Co., Ltd., has received approval for its initial public offering (IPO) of up to 20.7 million shares on the ChiNext board, with a set price of 58.00 yuan per share [1]. Group 1: IPO Details - The IPO will consist of a combination of strategic placements, offline inquiries for qualified investors, and online offerings to the public [1]. - The final number of shares allocated for strategic placement is 297.4133 million, which is approximately 14.37% of the total offering [2]. - The initial strategic placement was set at 414 million shares, accounting for 20.00% of the total offering [2]. Group 2: Subscription and Payment - Offline investors must ensure that their subscription funds are fully paid by February 27, 2026, or their allocations will be void [4]. - Online investors who win a lottery for shares must also ensure sufficient funds are available by the same date, or they will forfeit their allocations [5]. Group 3: Lock-up Periods - Shares allocated to the employee management plan for strategic placement will have a lock-up period of 12 months, while other strategic investors will have lock-up periods ranging from 12 to 18 months [7]. - For offline investors, 10% of their allocated shares will be subject to a 6-month lock-up period, while 90% will be freely tradable upon listing [6]. Group 4: Subscription Statistics - The online offering received a total of 13,526,005 valid applications, amounting to 55,416,705,000 shares, with a total of 110,833,410 allocation numbers generated [9]. - The effective subscription multiple for the online offering was 11,154.73 times, prompting the activation of the allocation adjustment mechanism [10]. - After adjustments, the final allocation for offline investors was 921.2367 million shares, while online investors received 851.3500 million shares, resulting in a lottery rate of 0.01536% [11].