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02246 快狗打車
Listing Date2022/06/24
Listing Price21.500
  • 2.290 +0.020 (+0.881%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
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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.

MarketHong Kong (Main Board)
Business NatureTransportation
Major Business AreaChina
Board Lot200
No. of Offer Shares31.20M shares
No. of International Offer Shares28.08M shares
No. of HK Offer Shares3.12M shares
Offer Price$21.50
Stock Code2246
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 PeriodJun 14 (Tue) - noon, Jun 17 (Fri)
Price Determination Date--
Result Announcement DateOn or before Jun 23 (Thu)
Result Announcement DateOn or before Jun 23 (Thu)
Dealings in Shares commence onJun 24, 2022. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$21.50
NAV / share ($)$1.10 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
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
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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