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Precilasers Discloses Strategic Placement Details for IPO

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Shanghai Precilasers (SHA:688826) published the details for the strategic placement of shares for its initial public offering, according to a Shanghai bourse filing on Wednesday.

The laser equipment maker plans to issue 10 million new shares, representing 25% of the company's total shares.

The initial allocation for the strategic placement is 2 million shares.

Prior to the clawback mechanism, the initial offline offering will comprise of 5.60 million shares and the initial online offering will consist of 2.40 million shares.

The online roadshow will be held on Thursday, Aug. 6.

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