Xingfu Electronics (688545.SH) IPO is priced at 11.68 yuan per share, and subscription will open on January 13th.

Hengfeng Electronics (688545.SH) announced that based on the preliminary inquiry results, the issuer and joint lead underwriter have determined the issuing price to be 11.68 yuan per share after comprehensive evaluation of the reasonable investment value of the company, the secondary market valuation level of comparable companies, the secondary market valuation level of the industry, and factors such as the effective subscription multiple of offline investors, market conditions, fundraising needs, and underwriting risks. The offline subscription date and time for this issuance is from 9:30 to 15:00 on January 13, 2025 (T day), while the online subscription date and time are from 9:30 to 11:30 and 13:00 to 15:00 on January 13, 2025 (T day).