Youjia Innovation (02431.HK) announced the IPO results, with the public offering in Hong Kong receiving 14.04 times oversubscription, and a winning rate of 50.01% for one lot (200 shares), with 1,800 shares resulting in a guaranteed allocation of one lot. The international placement recorded 1.09 times oversubscription. The final offering price is 17 yuan, at the lower end of the range, raising a net amount of 0.606 billion yuan. Shares are expected to be listed on Friday (27th).

The mainland smart driving and smart cockpit solution provider Youjia Innovation is offering 39.19 million shares globally, with 10% of the shares allocated to the Hong Kong public offering; the offering price ranges from 17 to 20.2 yuan. Two cornerstone investors, Kang Cheng Heng International and Horizon Together, a subsidiary of Siasun Robot&Automation (09660.HK), have subscribed for approximately 0.54 billion yuan of shares.