Changxin Technology (688825.SH) has officially disclosed the results of its initial public offering (IPO) and subsequent listing on the Science and Technology Innovation Board. The shares are priced at RMB 8.66 apiece, with an initial offering of 6,688,088,608 shares, constituting roughly 10% of the total share capital post-issuance. In the end, 1,667,064,720 shares were allocated via strategic placements, and the ultimate online subscription lottery success rate stood at approximately 0.47141739%. Online investors committed to and subscribed for 3,844,517,273 shares, yet chose to abandon 6,586,227 shares; meanwhile, offline investors paid for and subscribed to 2,173,101,821 shares, with only 31,567 shares being abandoned. The joint lead underwriters took up the underwriting of 6,617,794 shares, with the total underwriting amount reaching RMB 57.3101 million. In the absence of exercising the over-allotment option, the issuance expenses tallied up to RMB 281 million.