According to CoinMeta, Shanghai Suoyuan Technology Co., Ltd. has announced its intention to conduct a public initial offering (IPO) of shares and list on the STAR Market of the Shanghai Stock Exchange. The preliminary inquiry date is August 28th, and the issue price was determined on August 31st. The initial strategic placement for this issuance is 8.6070 million shares, accounting for 20.00% of the total number of shares issued. Before the activation of the allocation mechanism, the initial number of shares issued offline was 27.5426 million, and the initial number of shares issued online was 6.8855 million. The final number of shares issued both online and offline will be determined based on the allocation situation.