Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02347 友和集團
Listing Date2022/06/10
Listing Price2.100
  • 0.740 +0.020 (+2.778%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
Subscription Result
  • Subscription Rate
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate

Yoho Group is a market player in the business-to-consumer (B2C) e-commerce industry in Hong Kong. Its retail business adopts the online-merge-offline (OMO) model. It comprises online B2C sales through the Yoho E-commerce Platform; online B2B2C sales to its end customers via Reward Scheme Platforms and third-party online marketplaces; and offline B2C sales made at its two retail stores, i.e. the Kwun Tong Store and the Cheung Sha Wan Flagship Store.

The Group remained dedicated to the offering of Consumer Electronics and Home Appliances. According to the F&S Report, it ranked first as an e-commerce platform with a primary focus on Consumer Electronics and Home Appliances in Hong Kong in terms of website traffic, and recorded the highest online retail sales of Consumer Electronics and Home Appliances among all Hong Kong e-commerce platforms with a market share of approximately 5.6%, for FY20/21.

The Group have a diverse and extensive product portfolio covering over 23,000 SKUs (with a focus on Consumer Electronics and Home Appliances), which can be divided into the following five categories: consumer electronics, beauty and health electronic products, home appliances, computers and peripherals and lifestyle products. It established a customer base comprising over 807,000 registered members.

MarketHong Kong (Main Board)
Business NatureHousehold Appliances & Electronics
Major Business AreaHong Kong
Board Lot2000
No. of Offer Shares55.00M shares
No. of International Offer Shares49.50M shares
No. of HK Offer Shares5.50M shares
Offer Price$2.10 - $2.60
Stock Code2347
Sponsor(s)CMBC International Capital Limited
Underwriter(s)CMBC Securities Company Limited, Eddid Securities and Futures Limited, Haitong International Securities Company Limited, Zhongtai International Securities Limited, China Everbright Securities (HK) Limited, SBI China Capital Financial Services Limited, China Tonghai Securities Limited, Futu Securities International (Hong Kong) Limited, Valuable Capital Limited, Cinda International Capital Limited, Ever-Long Securities Company Limited, China Sky Securities Limited, Yue Xiu Securities Company Limited, FUTEC Financial Limited, Livermore Holdings Limited
Application PeriodMay 26 (Thu) - noon, May 31 (Tue)
Price Determination DateJun 01 (Wed)
Result Announcement DateOn or before Jun 09 (Thu)
Result Announcement DateOn or before Jun 09 (Thu)
Dealings in Shares commence onJun 10, 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$2.10 - $2.60
Capitalization1.05B - 1.30B
NAV / share ($)$0.33 - $0.39 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 2.35, the net proceeds raised would be HKD 87.90M, of which
20.4% : Capturing a larger market share through organic growth
7.1% : Expanding the product offerings on e-commerce platform(s) through the launch of online marketplace operations
8.6% : Expanding services to customers in the PRC and, in particular, the Greater Bay Area
9.2% : Strengthening supply chain capabilities
11.8% : Brand management and marketing
19.2% : Expanding teams staffs
13.7% : Acquiring companies in e-commerce-related industries
10% : General working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
IPO Calculator
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2023 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.