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IPO Detail
02391 塗鴉智能-W
Listing Date2022/07/05
Listing Price19.300
  • 15.600 +0.600 (+4.000%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
Subscription Result
  • Subscription Rate
  • Guarantee One Lot Size
    9 lot
  • One Lot Success Rate

Tuya established its IoT cloud development platform in May 2015. It delivers a variety of offerings. Its IoT Platform as a Service (PaaS) enables brands, OEMs, and developers to develop, launch, manage and monetize smart devices and services. Its Industry Software as a Service (SaaS) offering enables businesses to deploy, connect, and manage large numbers and different types of smart devices. It also offers businesses, developers and end users a diverse range of cloud-based value-added services to improve their ability to develop and manage IoT experiences.

The Group had approximately 5,000 and 8,400 customers, respectively, in 2020 and 2021, primarily including brands, OEMs, industry operators and system integrators. Its IoT PaaS empowered approximately 2,700 and 4,100 brands, respectively. Its IoT PaaS currently enables businesses and developers across over 200 countries and regions globally to develop smart devices in more than 2,200 categories, including leading brands such as Calex, Philips and Schneider Electric.

According to CIC, the Group ranked the first with a market share of 14.9% in the global market of IoT PaaS for smart home and smart business in terms of revenue in 2021.

MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaChina
Board Lot200
No. of Offer Shares7.30M shares
No. of International Offer Shares6.57M shares
No. of HK Offer Shares0.73M shares
Offer Price$22.80
Stock Code2391
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited, Merrill Lynch (Asia Pacific) Limited, Morgan Stanley Asia Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, Morgan Stanley Asia Limited, Merrill Lynch (Asia Pacific) Limited, CMB International Capital Limited, Tiger Brokers (HK) Global Limited
Application PeriodJun 22 (Wed) - noon, Jun 27 (Mon)
Price Determination DateJun 27 (Mon)
Result Announcement DateOn or before Jul 04 (Mon)
Result Announcement DateOn or before Jul 04 (Mon)
Dealings in Shares commence onJul 05, 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$22.80
NAV / share ($)$14.84 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 22.8, the net proceeds raised would be HKD 94.50M, of which
30% : Enhance IoT technologies and infrastructure
30% : Expand and enhance product offerings
15% : For marketing and branding activities
15% : Pursue strategic partnerships, investments and acquisitions
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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