Enflame Technology: STAR Market IPO Kicks Off with Preliminary Pricing, Eyeing 43.0352 Million Share Issue
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Author:小编   

Enflame Technology has revealed its intention to go public via an initial public offering (IPO) on the STAR Market, with a proposed issuance of 43,035,173 shares. These shares represent 10% of the company's total share capital post-issuance, which is projected to reach 430 million shares. The offering will be a blend of strategic placement, offline issuance, and online issuance. Specifically, there will be an initial strategic placement of 8,607,034 shares, an initial offline issuance of 27,542,639 shares, and an initial online issuance of 6,885,500 shares. The preliminary pricing is slated for August 28, with both online and offline subscription dates set for September 2. It's important to note that the company has not yet turned a profit, and should it remain unprofitable at the time of listing, it will be categorized under the STAR Growth Tier. CITIC Securities is serving as the sponsor for this issuance, with Guotai Junan Securities and GF Securities acting as co-lead underwriters.

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