
DPC DASH
Listing Date | 2023/03/28 Listing in 2 Days |
Listing Price | -- |
Listing Date | 2023/03/28 Listing in 2 Days |
Listing Price | -- |
DPC Dash Ltd is Domino’s Pizza’s exclusive master franchisee in the China mainland, Hong Kong and Macau. As of 3 Dec 2022, the Group directly operated 569 stores across 14 cities in the China mainland. Its global franchisor, Domino’s Pizza, Inc., is the world’s largest pizza company in terms of 2021 global retail sales with more than 19,500 stores in over 90 markets around the world.
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The Group have been focused on expanding store network. It was the third largest pizza brands in terms of 2021 revenue. It directly operated 508 Domino’s Pizza stores in 12 cities in China as of Jun 30, 2022, approximately 56% of stores were located in Beijing and Shanghai. It recorded SSSG of 11.2% in the six months ended Sept 30, 2022.
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The Group have developed a unique business model for serving Chinese consumers delicious, value for money pizza with an emphasis on delivery with 30-minute delivery promise.
Market | Hong Kong (Main Board) |
Business Nature | Hotels & Restaurants & Leisure |
Major Business Area | China |
Board Lot | 100 |
No. of Offer Shares | 12.80M shares |
No. of International Offer Shares | 11.52M shares |
No. of HK Offer Shares | 1.28M shares |
Offer Price | $46.00 - $55.00 |
Stock Code | 1405 |
Sponsor(s) | Merrill Lynch (Asia Pacific) Limited |
Underwriter(s) | Merrill Lynch (Asia Pacific) Limited, DBS Asia Capital Limited |
Application Period | Mar 16 (Thu) - noon, Mar 21 (Tue) |
Price Determination Date | Mar 21 (Tue) |
Result Announcement Date | On or before Mar 27 (Mon) |
Result Announcement Date | On or before Mar 27 (Mon) |
Dealings in Shares commence on | Mar 28, 2023. (Tue) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $46.00 - $55.00 |
Capitalization | 5.92B - 7.08B |
NAV / share ($) | $7.38 - $8.15 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 50.5, the net proceeds raised would be HKD 515.00M, of which |
90% : Expand store network |
10% : General corporate purposes |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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