TREE NEWS update: SuanYuan Technology announced the results of its initial public offering on the STAR Market, pricing shares at 142.18 yuan each. The company issued 43.035 million new shares, with online investors failing to subscribe to 16,874 shares, worth 2.399 million yuan, which were underwritten by joint sponsors. The online allotment rate was 0.02455315%, and total issuance costs reached 309 million yuan.
SuanYuan Tech sets IPO price at 142.18 yuan, online investors abandon 16,874 shares
AI take
The abandonment of over 16,000 shares by online investors, despite a low allotment rate, signals a cautious retail appetite at the set price, possibly reflecting valuation concerns or market conditions. The underwriting by joint sponsors absorbs the shortfall, indicating institutional backstop, but the 309 million yuan in issuance costs adds a notable burden. For market watchers, the key is whether this abandonment rate hints at broader demand weakness for STAR Market listings or is an isolated case tied to SuanYuan's specific pricing. Post-listing trading performance will reveal if the price holds or if the market corrects for perceived overvaluation.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
33m ago
Luxshare Precision Buyback Reaches 17.67M A-Shares for 1B Yuan
49m ago
China-listed firms post 5.1 trillion yuan net profit in first three quarters, up 8.5%
50m ago
US tech stocks rebound premarket; Intel, Google up over 1%
1h ago
GigaDevice repurchases 3.19M shares for RMB 1.165B through Oct 31, 2026
1h ago
Xinhua Net Chairman Chu Xuejun Resigns Effective November 2, 2026
1h ago
SK Hynix and Samsung Shares Rise; Gate Stock Futures Open Interest Ranks Second Globally