02391 塗鴉智能－Ｗ
TUYA-W
TUYA-W
| Listing Date | 2022/07/05 |
| Listing Price | 19.300 |
Quote
Subscription Result
- Subscription Rate9.95x
- Guarantee One Lot Size9 lot
- One Lot Success Rate18.03%
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IPO Detail
COMPANY PROFILE
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.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 7.30M shares |
| No. of International Offer Shares | 6.57M shares |
| No. of HK Offer Shares | 0.73M shares |
| Offer Price | $22.80 |
| Stock Code | 2391 |
| 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 |
TIME TABLE
| Application Period | Jun 22 (Wed) - noon, Jun 27 (Mon) |
| Price Determination Date | Jun 27 (Mon) |
| Result Announcement Date | On or before Jul 04 (Mon) |
| Result Announcement Date | On or before Jul 04 (Mon) |
| Dealings in Shares commence on | Jul 05, 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 | $22.80 |
| Capitalization | 13.19B |
| NAV / share ($) | $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
| 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).