YuTree Technology's IPO results are out, and institutions are actively participating.

Yushu Technology recently disclosed the preliminary offline allocation and online lottery results, showing that a total of 40.446434 million shares were issued by Yushu Technology, of which 8.089286 million shares were strategically allotted, accounting for 20% of the total issuance. The final issuance quantity for offline allocation was 22.650148 million shares, while the final issuance for online allocation was 9.707 million shares. According to the allocation results, Class A investors, including public funds, social security funds, bank wealth management products, and insurance funds, collectively received 19.333754 million shares, accounting for 85.36% of the total offline issuance. Industry insiders believe that the active participation of insurance institutions and bank wealth management companies in this new issuance reflects a trend of "patient capital" strengthening its investment in hard tech enterprises.