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Enflame Technology has revealed the outcome of its initial public offering (IPO) and subsequent listing on the STAR Market. The shares were priced at RMB 142.18 each, with a total of 43,035,173 shares issued. Following the clawback provision, a definitive 24,099,639 shares were issued offline, and 10,328,500 shares were made available online. The online subscription success rate stood at a mere 0.02455315%. Notably, online investors opted not to subscribe to 16,874 shares, whereas there were zero instances of offline subscription abandonment. The sponsor stepped in to underwrite the unsubscribed shares, with the underwriting amounting to RMB 2.3991 million, constituting roughly 0.04% of the total issuance volume. The cumulative issuance expenses for this offering reached RMB 309 million.
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