According to the Foxconn prospectus, the company’s issuance was conducted using a strategic allotment, combined with offline issuance and online issuance. In terms of specific operations, the initial strategic placement accounted for 30% of the total issuance, and strategic investors were allocated The 50% lock-up period of shares is 12 months and the lock-up period of 50% is 18 months. At the same time, in order to reflect the strategic cooperation intention with the company, some investors may voluntarily extend the lock-up period of all their shares to no less than 36 months; The initial release under the net accounted for 49% of the total number of shares issued, and will be locked for 12 months according to the arrangement of 70% of shares; The initial number of online issuance accounts for 21% of the total number of shares issued.
The industry believes that after the adoption of 'Strategic Distribution + Large-scale Lock-up', the scale of Foxconn’s initial circulation will be effectively controlled. This will effectively reduce the impact of large-scale initial public offerings on the secondary market while ensuring sufficient fund-raising is in place. Impact.