EDWINEdwin Price

On August 26, Changxin Technology announced that the over-allotment option for its initial public offering (IPO) and listing on the Sci-Tech Innovation Board has been fully exercised, resulting in the issuance of an additional 1.003 billion shares, increasing the total share capital to 67.884 billion shares. During the exercise period, the stock price remained above the issue price of 8.66 yuan per share. China International Capital Corporation, as the authorized joint lead underwriter for this issuance, did not use the funds obtained from the over-allotment to purchase shares from the secondary market through competitive trading.

On August 26, Changxin Technology announced that the over-allotment option for its initial public offering (IPO) and listing on the Sci-Tech Innovation Board has been fully exercised, resulting in the issuance of an additional 1.003 billion shares, increasing the total share capital to 67.884 billion shares. During the exercise period, the stock price remained above the issue price of 8.66 yuan per share. China International Capital Corporation, as the authorized joint lead underwriter for this issuance, did not use the funds obtained from the over-allotment to purchase the newly issued shares through competitive trading in the secondary market.

On August 26, according to GMGN monitoring, the market value of the Robinhood Chain ecosystem token PONS briefly surpassed $135 million, setting a new historical high. It is currently reported at $125 million, with a 24-hour increase of 42.66% and a trading volume of approximately $19.4 million during the same period. PONS is the platform token of Pons, the native token issuance platform of the Robinhood Chain, which supports the creation and issuance of fixed supply tokens. The WETH fees collected will be used to repurchase PONS, while the PONS fees collected will be directly burned. This has been viewed by some in the community as a Pump.fun on the Robinhood Chain. BlockBeats reminds users that token prices are highly volatile and investments should be made with caution.