SHA:688797

4 stories mentioning SHA:688797Updated just now

Every FINWIRES story that references SHA:688797, newest first.

Chongqing Genori Technology Activates Clawback As IPO Gets Oversubscribed

Chongqing Genori Technology's (SHA:688797) online investors subscribed for 12.4 million shares for 552.2 million yuan following the activation of its share clawback mechanism due to oversubscription of its initial public offering, according to a Thursday filing with the Shanghai bourse.Institutional offline investors subscribed for 18.6 million shares for 830.3 million yuan.Sponsor and lead underwriter CITIC Securities (HKG:6030, SHA:600030) underwrote 31,020 shares for 1.4 million yuan.

HKG:6030SHA:600030SHA:688797

Asia3d ago

Genori's IPO Triggers Clawback Mechanism After Online Demand Surpasses 6,100 Times

Chongqing Genori Technology (SHA:688797) activated its initial public offering clawback mechanism after receiving overwhelming demand during its online subscription phase on June 12, according to a Monday filing on the Shanghai bourse.The semiconductor components company's initial public float consisted of 38,822,600 shares priced at 44.56 yuan apiece, placing the gross proceeds at 1.73 billion yuan.The offering initially allocated 7,764,520 shares, or 20%, to strategic placements. After the strategic placement, 21,741,080 shares, or 70%, were offered to offline institutional investors, and 9,317,000 shares, or 30%, were offered to online public subscribers.However, a total of 7,123,286 valid online accounts applied for 57,133,168,000 shares, oversubscribing the initial online tranche by about 6,132.14 times, triggering the clawback mechanism.As a result, 3,106,000 shares were reallocated from offline investors to the online offering.

SHA:688797

Asia7d ago

Chongqing Zhenbao Technology Prices IPO, Seeks Up to 1.73 Billion Yuan in Proceeds

Chongqing Genori Technology (SHA:688797) priced its initial public offering of shares on the Shanghai Stock Exchange at 44.56 yuan apiece, according to a Thursday bourse filing.The semiconductor components company is looking to raise up to 1.73 billion yuan in proceeds from the offering of 38.8 million shares.

SHA:688797

Asia14d ago

Chongqing Genori Technology Files for Shanghai IPO

Chongqing Genori Technology (SHA:688797) filed for the initial public offering of 38.8 million shares on the Shanghai Stock Exchange's STAR Market board.Proceeds will fund production expansion and research and development centers to advance domestic substitution of critical semiconductor parts, according to a Thursday prospectus on the Shanghai bourse.The expected offering date is on June 12.CITIC Securities serves as the lead underwriter.Chongqing Genori Technology supplies semiconductor equipment components and surface treatment solutions for integrated circuits and display panel manufacturers.

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