Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02385 讀書郎
Listing Date2022/07/12
Listing Price7.600
  • 7.460 -0.100 (-1.323%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
Subscription Result
  • Subscription Rate
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate

Readboy Education Holding is a smart learning device service provider in China, focusing on the design, development, manufacturing and selling of smart learning devices embedded with digital educational resources for China’s primary and secondary students, their parents and school teachers. It includes personal student tablets, smart classroom solutions, wearable products and a number of smart accessories.

According to the Frost & Sullivan Report, it ranked second among China’s smart learning device service providers in terms of total retailing market value and ranked fifth among China’s smart learning device service providers in terms of total device shipment in 2021.

The Group has accumulated over 5.5 million registered users, and by May 2022, its average MAU amounted to over 1.4 million in the past 12 months.

The Group contracted 129 offline distributors who controlled a total of 4,608 points of sales located in 344 cities covering 31 provinces and autonomous administrative regions across China. It strives to establish a nationwide distribution network with deep penetration, especially in third and lower-tier cities in China.

MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaChina
Board Lot400
No. of Offer Shares52.00M shares
No. of International Offer Shares46.80M shares
No. of HK Offer Shares5.20M shares
Offer Price$7.60 - $10.00
Stock Code2385
Sponsor(s)China Securities (International) Corporate Finance Company Limited, Macquarie Capital Limited
Underwriter(s)China Securities (International) Corporate Finance Company Limited, Macquarie Capital Limited, Haitong International Securities Company Limited, Guotai Junan Securities (Hong Kong) Limited, BOCOM International Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited, Eddid Securities and Futures Limited, China Merchants Securities (HK) Co., Limited
Application PeriodJun 29 (Wed) - noon, Jul 05 (Tue)
Price Determination DateJul 05 (Tue)
Result Announcement DateOn or before Jul 11 (Mon)
Result Announcement DateOn or before Jul 11 (Mon)
Dealings in Shares commence onJul 12, 2022. (Tue)
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$7.60 - $10.00
Capitalization2.68B - 3.52B
NAV / share ($)$2.27 - $2.62 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 8.80, the net proceeds raised would be HKD 425.50M, of which
35% : Deepen the reform of distribution network and strengthen its geographic expansion and penetration
25% : Research and development of information technologies and infrastructure to enhance overall technical advantages
20% : investments in optimizing product and service
10% : Enhance educational material development capability
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).
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.