Yongjienew material (603271.SH): IPO pricing of 20.60 yuan/share, subscription starts on February 28th.

Yongjie New Materials (603271.SH) announced that, after excluding invalid bids and the highest bid, the issuer and sponsor (lead underwriter) evaluated the reasonable investment value of the company, the secondary market valuation of comparable companies, and the secondary market valuation of the industry based on the inquiry price of the offline issuance. Taking into account factors such as the effective subscription multiple of offline investors, market conditions, fundraising needs, and underwriting risks, the issuance price for this issuance was negotiated and set at RMB 20.60 per share. The online and offline subscription for this issuance will end at 15:00 on February 28, 2025 (T day).