Core Viewpoint - Aojie Technology (688220.SH) has experienced a significant decline in stock price, closing at 85.70 yuan with a drop of 6.42%, indicating it is currently in a state of breaking below its initial offering price [1] Group 1: Company Overview - Aojie Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 14, 2022, with an initial stock issuance of 41.83 million shares at a price of 164.54 yuan per share [1] - The company raised a total of 6.883 billion yuan through its initial public offering (IPO), with a net amount of 6.546 billion yuan after deducting issuance costs, which was 4.166 billion yuan more than the originally planned amount of 2.380 billion yuan [1] - The funds raised are intended for various projects, including the design of new communication chips, smart IPC chip design, integration of multiple wireless protocols, high-precision navigation solutions, research center construction, and working capital [1] Group 2: Financial Details - The total issuance costs for Aojie Technology's IPO amounted to 337 million yuan, with underwriting and sponsorship fees accounting for 310 million yuan [2] - The underwriting subsidiary, Haitong Innovation Securities Investment Co., Ltd., participated in the offering by acquiring 2.00% of the total shares issued, amounting to 836,600 shares with an investment of 138 million yuan, subject to a 24-month lock-up period [2]