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Enflame Technology released an official announcement, unveiling the specifics and the final winning rate of its online subscription phase for the initial public offering (IPO) and subsequent listing on the STAR Market. During this offering, a total of 43,035,173 shares were made available, each priced at RMB 142.18. The response from investors was overwhelming, with 7,032,045 valid online subscription accounts participating, collectively subscribing for a staggering 42.066 billion shares. Owing to the preliminary online valid subscription multiple surpassing 100 times, the clawback mechanism was activated, resulting in the reallocation of 3.443 million shares from the offline to the online segment. Following this adjustment, the final tally of shares issued online amounted to 10.3285 million, culminating in a winning rate of a mere 0.02455315%.
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