BlockBeats News, July 10th. According to Changxin Technology's IPO prospectus, in this IPO, CICC and CITIC Securities served as joint sponsors and lead underwriters, Guotai Junan, Guoyuan Securities, Huatai United Securities, and CMBI acted as joint lead underwriters, with a total of 6 securities firms forming the underwriting syndicate. The underwriting fee is approximately 184 million yuan (0.6% fee rate), lower than market expectations.

Several underwriters are also shareholders of the company, indicating that securities firms' service for hard technology is transitioning from a "fee-based" model to "assetization," and equity investment returns may far exceed underwriting revenue.