Under the support of the 'Xinchuang' policy, another domestic database company has gone public. On June 12th, Wuhan DMDBC Technology Co., Ltd. landed on the 'STAR' market, and its opening price soared 256.49% to 310 yuan/share. It rose to a high of 313.33 yuan/share at one point during trading, and closed at 240.80 yuan/share, up 176.91%. Currently, DMDBC's market cap is about 18.3 billion yuan. In this IPO, DMDBC issued 19 million shares at a price of 86.96 yuan/share, accounting for 25.00% of the total issued shares after the offering. As planned, 10.64 million shares were issued offline and 4.56 million shares were issued online. Due to an initial effective subscription multiple of 2,983.68 times for online subscriptions, the issuer and joint lead underwriters decided to activate the recall mechanism. Finally, 6.08 million shares were issued online and 9.12 million shares were issued offline. The final online subscription winning rate was 0.04%. In addition, 3.8 million shares were strategically allocated, with China Merchants Securities Investment Co., Ltd. and China Electric Power Investment Corp. Ltd. subscribing for about 690,000 shares and 3.11 million shares, respectively, with a shareholding ratio of about 0.91% and 4.09%, respectively.