The company said the issuer and sponsor (lead underwriter) fixed the offer price after a preliminary inquiry, ending cumulative bidding inquiry for the offline offering.
宇树科技 said on Aug. 6 that the issuer and sponsor (lead underwriter) set the offering price for this issuance at 150.80 yuan per share after reviewing preliminary inquiry results. The decision took into account the company’s assessed investment value, valuation levels of listed peers, secondary-market valuations in the sector, the effective subscription multiple from offline investors, market conditions, fundraising needs and underwriting risk. The offline offering will no longer conduct cumulative bidding inquiry (a book-building price discovery process).