CXMT has started its subscription: it is expected to raise 57.9 billion yuan, and the list of 36 strategic shareholders has been announced, with the support of giants such as the National Social Security Fund, Alibaba, Meituan, Montage Technology, and Chery.

CX Technology Group Co., Ltd. (abbreviation: "CX Technology") recently launched its subscription offering.

The issue price for this CX Technology offering is 8.66 yuan per share. If the offering is successfully completed, before the exercise of the over-allotment option, the total expected raised funds for CX Technology will be approximately 57.9 billion yuan. After deducting issuance expenses of around 281 million yuan (excluding value-added tax, including stamp duty), the net expected raised funds will be roughly 576.38 billion yuan.

If the over-allotment option is exercised in full, the total expected raised funds for CX Technology will be approximately 66.6 billion yuan. After deducting issuance expenses of about 300 million yuan (excluding value-added tax, including stamp duty), the net expected raised funds will be roughly 663 billion yuan.

This public offering issues 6,688,088,608 new shares, accounting for approximately 10% of the company's total share capital after issuance (before the exercise of the over-allotment option).

Based on this calculation, CX Technology has an estimated valuation of around 577.4 billion yuan; external expectations indicate that once CX Technology goes public, its market capitalization will exceed one trillion yuan.

36 Social Security Funds Back the Company

This CX Technology IPO has secured support from a total of 30 strategic shareholders, who have collectively subscribed for 14.437 billion yuan. The proportion of allocated shares relative to the initial offering volume (before the exercise of the over-allotment option) stands at 25%.

Among them, the National Social Security Fund Portfolio 109 subscribed for 400 million yuan, National Social Security Fund Portfolio 502 subscribed for 215 million yuan, National Social Security Fund Portfolio 601 subscribed for 240 million yuan, National Social Security Fund Portfolio 2106 subscribed for 100 million yuan, Basic Pension Insurance Fund Portfolio 904 subscribed for 55 million yuan, Basic Pension Insurance Fund Portfolio 1205 subscribed for 110 million yuan, Basic Pension Insurance Fund Portfolio 1909 subscribed for 25 million yuan, Basic Pension Insurance Fund Portfolio 2108 subscribed for 75 million yuan, Social Security Fund Transfer Portfolio 3008 subscribed for 30 million yuan, National Social Security Fund Portfolio 401 subscribed for 206 million yuan, National Social Security Fund Portfolio 101 subscribed for 484 million yuan, Basic Pension Insurance Fund Portfolio 1906 subscribed for 50.81 million yuan, and Basic Pension Insurance Fund Portfolio 2006 subscribed for 78.15 million yuan;

Basic Pension Insurance Fund Portfolio 2107 subscribed for 91.95 million yuan, Social Security Fund Transfer Portfolio 3007 subscribed for 31.46 million yuan, Basic Pension Insurance Fund Portfolio 808 subscribed for 300 million yuan, National Social Security Fund Portfolio 413 subscribed for 678 million yuan, National Social Security Fund Portfolio 2002 subscribed for 90 million yuan, Basic Pension Insurance Fund Portfolio 2104 subscribed for 190 million yuan, Social Security Fund Transfer Portfolio 3004 subscribed for 110 million yuan, Basic Pension Insurance Fund Portfolio 2003 subscribed for 180 million yuan, Basic Pension Insurance Fund Portfolio 1206 subscribed for 94.36 million yuan, National Social Security Fund Sustainable Investment Product - Yinhuá 2006 Portfolio subscribed for 29.12 million yuan, National Social Security Fund Strategic Emerging Product Yinhuá 2107 Portfolio subscribed for 52.5 million yuan, and Basic Pension Insurance Fund Portfolio 804 subscribed for 274 million yuan;

National Social Security Fund Portfolio 118 subscribed for 800 million yuan, National Social Security Fund Portfolio 117 subscribed for 956 million yuan, Social Security Fund Portfolio 1103 subscribed for 220 million yuan, Basic Pension Insurance Fund Portfolio 1905 subscribed for 74 million yuan, Basic Pension Insurance Fund Portfolio 902 subscribed for 61.03 million yuan, National Social Security Fund Portfolio 412 subscribed for 216 million yuan, Basic Pension Fund Portfolio 1902 subscribed for 55.48 million yuan, Social Security Fund Portfolio 2101 subscribed for 307 million yuan, Basic Pension Insurance Fund Portfolio 2103 subscribed for 45.49 million yuan, Social Security Fund Transfer Portfolio 3003 subscribed for 26.08 million yuan, and National Social Security Fund Portfolio 114 subscribed for 538 million yuan. All social security fund shares are subject to a 12-month lock-up period.

Industry Giants Including Alibaba, Meituan, and Montage Technology Back the Company

China SOE Structural Adjustment Fund Phase II Co., Ltd., PICC Property and Casualty Company Limited, China Life Insurance Company Limited, China Post Life Insurance Co., Ltd., and Taikang Life Insurance Co., Ltd. each subscribed for 100 million yuan. Chongqing Transsion Technology Co., Ltd., Shanghai Montage Dividend Enterprise Management Partnership (Limited Partnership), Xi'an Yiswain Materials Technology Co., Ltd., Piotech Inc., Anji Microelectronics Technology (Shanghai) Co., Ltd., Tongfu Microelectronics Co., Ltd., Advanced Micro-Fabrication Equipment (Shanghai) Inc., Beijing E-Town Semiconductor Technology Co., Ltd., Huaqin Technology Co., Ltd., Shanghai Silicon Industry Group Co., Ltd., Wuhan 1810 Enterprise Management Co., Ltd., TCL Technology Group Corporation, NIO Power Technology (Hefei) Co., Ltd., Shenzhen Sankuai Network Technology Co., Ltd. (a Meituan subsidiary), Shanghai Haoyu Information Technology Co., Ltd., Hangzhou Alibaba Feitian Information Technology Co., Ltd., ZTE Corporation, and Chery Intelligent Vehicle Technology (Hefei) Co., Ltd. each subscribed for 158 million yuan;

CITIC Construction Investment Fund - Win-Win No.66 Employee Strategic Placement Collective Asset Management Plan subscribed for 124 million yuan, CITIC Construction Investment Fund - Win-Win No.67 Employee Strategic Placement Collective Asset Management Plan subscribed for 464 million yuan, CITIC Construction Investment Fund - Win-Win No.68 Employee Strategic Placement Collective Asset Management Plan subscribed for 509 million yuan, CITIC Construction Investment Fund - Win-Win No.69 Employee Strategic Placement Collective Asset Management Plan subscribed for 496 million yuan, and China CICC Wealth Management Co., Ltd. and CITIC Construction Investment Investment Co., Ltd. each subscribed for 1 billion yuan.

Alibaba and the National Integrated Circuit Industry Investment Fund Phase II Are Existing Shareholders

Prior to the IPO, Qinghui Jidian held 21.67% of shares, Changxin Integration held 11.71%, the National Integrated Circuit Industry Investment Fund Phase II held 8.73%, Hefei Jixin held 8.37%, Anhui Provincial Investment Group held 7.91%, Alibaba Cloud Computing held 3.85%, Chantou No.1 held 1.85%, GigaDevice held 1.8%, Zhaoyin Yunting held 1.58%, Beijing Fengyi, Hefei Jianchang, and Hexie Health each held 1.5%, the SOE Restructuring Fund and Alibaba Network each held 1.12%;

Xinxin Lirun held 1.06%, Ningbo Yanchuang held 0.99%, Agricultural Bank Investment held 0.95%, Wuhu Xingyuan held 0.9%, CCB Investment held 0.83%, Xingqi Daohe held 0.81%, China Life Investment held 0.79%, Ningbo Junhe, Zhong'an China Merchants Fund, and PICC Capital each held 0.78%, Xinxin Jiayuan, Jiaxing Hengxu, Midea Investment, Anhui Guarantee Asset Management, Anyuan Xingyida, Anhua Innovation, and Junzhipu Venture Capital each held 0.75%;

Gamcier held 0.72%, CCB International held 0.68%, Huaxin Ketai held 0.66%, Guangzhou Keji and Gongrong Jintou each held 0.64%, Shenzhen Investment Holdings held 0.59%, Glades View and Zhaozheng Investment each held 0.54%, Qianhai Fangzhou held 0.5%, Yunfeng Zhuoyue held 0.49%, Anhui Communications Holding held 0.48%, Haitong Huiyin held 0.47%, BOC Asset and BOCOM Financial each held 0.38%;

Orient Asset Management, Sunshine Life, China Post Life, and CCB Linghang each held 0.37%, Tianjin Haihe and CICC Win-Win each held 0.32%, Guangzhou Xinde held 0.28%, Hubei Xiaomi held 0.21%, Beijing Junlian held 0.2%, PICC Kechuang held 0.15%, Hezhuang Gaoxin, China Building Materials New Material Fund, and Xinxin Jidian each held 0.13%, and Chantou High-Growth held 0.06%.

After the IPO, Qinghui Jidian will hold 19.5% of shares, Changxin Integration will hold 10.54%, the National Integrated Circuit Industry Investment Fund Phase II will hold 7.86%, Hefei Jixin will hold 7.53%, Anhui Provincial Investment Group will hold 7.12%, Alibaba Cloud Computing will hold 3.47%, Chantou No.1 will hold 1.66%, GigaDevice will hold 1.62%, Zhaoyin Yunting will hold 1.42%, Beijing Fengyi, Hefei Jianchang, and Hexie Health will each hold 1.35%, the SOE Restructuring Fund and Alibaba Network will each hold 1.01%;

Xinxin Lirun will hold 0.96%, Ningbo Yanchuang will hold 0.89%, Agricultural Bank Investment will hold 0.86%, Wuhu Xingyuan will hold 0.81%, CCB Investment will hold 0.74%, Xingqi Daohe will hold 0.73%, China Life Investment will hold 0.71%, Ningbo Junhe, Zhong'an China Merchants Fund, and PICC Capital will each hold 0.7%, Xinxin Jiayuan will hold 0.68%, Jiaxing Hengxu, Midea Investment, Anhui Guarantee Asset Management, Anyuan Xingyida, Anhua Innovation, and Junzhipu Venture Capital will each hold 0.67%;

Gamcier will hold 0.64%, CCB International will hold 0.62%, Huaxin Ketai will hold 0.6%, Guangzhou Keji and Gongrong Jintou will each hold 0.57%, Shenzhen Investment Holdings will hold 0.53%, Glades View and Zhaozheng Investment will each hold 0.49%, Qianhai Fangzhou will hold 0.48%, Yunfeng Zhuoyue and Anhui Communications Holding will each hold 0.44%, Haitong Huiyin will hold 0.43%, and BOC Asset, BOCOM Financial, Orient Asset Management, Sunshine Life, China Post Life, and CCB Linghang will each hold 0.34%;

Tianjin Haihe and CICC Win-Win will each hold 0.28%, Guangzhou Xinde will hold 0.25%, Hubei Xiaomi will hold 0.19%, Beijing Junlian will hold 0.18%, PICC Kechuang will hold 0.13%, Hezhuang Gaoxin, China Building Materials New Material Fund, and Xinxin Jidian will each hold 0.11%, and Chantou High-Growth will hold 0.06%.

This article originates from the WeChat Official Account "Lei Di" (ID: touchweb), authored by Lei Jianping, and published by 36Kr with authorization.