STOCKS | Changxin Technology Starts STAR Market IPO Issuance After CSRC Registration Approval

Changxin Technology has begun procedures to issue shares for its STAR Market initial public offering after receiving registration approval from the China Securities Regulatory Commission. According to NS3.AI, the company plans to raise 29.5 billion RMB through the offering. The report said about 78% of the shares issued are expected to be subject to trading restrictions on the first day of listing.