Guanxiang Technology fell 6.96%, over-raised 260 million yuan, the first venture earned 42 million yuan

Source: China Economic Net

China Economic Net Beijing, January 20th News Today, the share price of Guanxiang Technology (301213.SZ) fell. As of the close, it was reported at 53.84 yuan, a decrease of 6.96%. The turnover was 176 million yuan, the turnover rate was 16.09%, the amplitude was 7.17%, and the total market value was 4.307 billion yuan.

On December 6, 2021, Guanxiang Technology publicly issued 20 million shares on the GEM of the Shenzhen Stock Exchange. After the issuance, the company's total share capital was 79.999999 million shares. The proportion of shares to the company's total share capital after the issuance was 25% %, issue price is 31.50 yuan per share, the sponsor (lead underwriter) is First Venture Securities Underwriting and Sponsor Co., Ltd., and sponsor representatives are Li Junwei and Li Zhijie.

Guangxiang Technology raised a total of 630 million yuan in this issuance of , and the net amount of funds raised after deducting the issuance expenses was 569 million yuan. Guanxiang Technology's final net fundraising was 261 million yuan more than the original plan. According to the prospectus prospectus disclosed by Guanxiang Technology on November 18, 2021, the company plans to raise 308 million yuan, which will be used for independent controllable new generation defense information technology industrialization construction projects, comprehensive equipment support products and Service industrialization projects, R&D joint test center construction projects and supplementary working capital.

The total cost of Guanxiang Technology’s issuance is 60,899,800 yuan, and First Venture Securities Underwriting and Sponsor Co., Ltd. obtained the sponsorship and underwriting cost 42,452,800 yuan.