
GOGOX
Listing Date | 2022/06/24 |
Listing Price | 21.500 |
- Subscription Rate4.05x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2022/06/24 |
Listing Price | 21.500 |
GOGOX Holdings is a major online intra-city logistics platform in Asia. It operates in more than 340 cities across five countries and regions in Asia, namely mainland China, Hong Kong, Singapore, Korea and India. It owns and operates two brands in the online intra-city logistics space: Kuaigou Dache (快狗打車) in mainland China and GOGOX in other countries and regions in Asia.
According to Frost & Sullivan, the Group is the third largest online intra-city logistics platform in mainland China with a market share of 3.2% and the market leader in Hong Kong with a market share of 50.9%, each in terms of GTV in 2021. Mainland China and Hong Kong collectively accounted for approximately 71% of the online intra-city logistics market of Asia in terms of GTV in 2021.
Its service offerings consist of platform services, enterprise services, as well as a growing range of value-added services. It facilitates on-demand intra-city logistics by matching drivers with shippers on platform. It generates revenue from charging service fees to drivers for their use of platform to provide logistics services for shippers. It also provides planned and on-demand intra-city logistics services for enterprise customers. Its revenue represents the shipping fares charged to enterprises for shipment orders they place.
Market | Hong Kong (Main Board) |
Business Nature | Transportation |
Major Business Area | China |
Board Lot | 200 |
No. of Offer Shares | 31.20M shares |
No. of International Offer Shares | 28.08M shares |
No. of HK Offer Shares | 3.12M shares |
Offer Price | $21.50 |
Stock Code | 2246 |
Sponsor(s) | UBS Securities Hong Kong Limited, China International Capital Corporation Hong Kong Securities Limited, BOCOM International (Asia) Limited, ABCI Capital Limited |
Underwriter(s) | UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited, BOCOM International Securities Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited, Zhongtai International Securities Limited, Fosun Hani Securities Limited, Tiger Brokers (HK) Global Limited, CEB International Capital Corporation Limited, Eddid Securities and Futures Limited, Livermore Holdings Limited |
Application Period | Jun 14 (Tue) - noon, Jun 17 (Fri) |
Price Determination Date | -- |
Result Announcement Date | On or before Jun 23 (Thu) |
Result Announcement Date | On or before Jun 23 (Thu) |
Dealings in Shares commence on | Jun 24, 2022. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $21.50 |
Capitalization | 13.23B |
NAV / share ($) | $1.10 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 21.50, the net proceeds raised would be HKD 567.30M, of which |
40% : Enlarge user base and strengthen brand awareness |
20% : Develop new services and products to enhance monetization capabilities |
20% : Pursue strategic alliances, investments and acquisitions in overseas markets |
10% : Upgrading information and technology systems |
10% : Working capital |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
Currency | : |
Listing Price | : |
Board Lot | : |
Admission Fee* |
: |
Subscribing Lot | : |
Subscribing Fee | : |
Subscribing Amount | : |