02385 讀書郎
READBOY
READBOY
| Listing Date | 2022/07/12 |
| Listing Price | 7.600 |
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Subscription Result
- Subscription Rate1.73x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
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.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | China |
| Board Lot | 400 |
GLOBAL OFFERING
| No. of Offer Shares | 52.00M shares |
| No. of International Offer Shares | 46.80M shares |
| No. of HK Offer Shares | 5.20M shares |
| Offer Price | $7.60 - $10.00 |
| Stock Code | 2385 |
| 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 |
TIME TABLE
| Application Period | Jun 29 (Wed) - noon, Jul 05 (Tue) |
| Price Determination Date | Jul 05 (Tue) |
| Result Announcement Date | On or before Jul 11 (Mon) |
| Result Announcement Date | On or before Jul 11 (Mon) |
| Dealings in Shares commence on | Jul 12, 2022. (Tue) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $7.60 - $10.00 |
| Capitalization | 2.68B - 3.52B |
| NAV / share ($) | $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
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*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).