Woofun AI reports that Changxin Technology has set its Science and Technology Innovation Board IPO price at ¥8.66 per share, with online subscription opening under code "787825." The company expects to raise ¥57.919 billion from the initial issuance, nearly double the original ¥29.5 billion plan, potentially reaching ¥66.607 billion if the over-allotment option is fully exercised.

Yuan Yuan, Vice President and Board Secretary, confirmed that the company's fifth-generation technology platform remains in the research and development stage. This platform utilizes optimized multi-exposure technology to improve storage density and array performance. The stock is scheduled to list on July 27th, marking a significant capital raise for the sector.