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IPO Detail
02498 速騰聚創
ROBOSENSE
Listing Date2024/01/05
Listing Price43.000
 
Quote
  • 39.200 -1.500 (-3.686%)    Sink Below Listing Price
  • 15-min delayed, last update: 18/04/2024 17:59
Subscription Result
  • Subscription Rate
    0.58x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

RoboSense Technology Co is a LiDAR companies in the industry offering LiDAR products and solutions. Its business primarily comprises sales of LiDAR hardware products for application in the ADAS, robotics and other non-automotive industries such as cleaning, logistics, industrial, public services and inspection, among others, sales of LiDAR perception solutions integrating its LiDAR hardware and AI perception software, and the provision of technology development and other services.

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According to Report, as measured by sales revenue in 2022, the Group ranked No.2 in the LiDAR solutions markets globally and in China (excluding low-end LiDARs with less than 16 channels), with market shares of approximately 7% and 20%, respectively. In terms of sales volume in 2022, it ranked No. 3 in the LiDAR solutions markets globally and in China with market shares of approximately 12% and 21%, respectively.

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The Group serves automotive OEMS, Tier 1 suppliers and customers in a wide range of robotics and other non-automotive industries. As of June 30, 2023, its design wins for mass production of LiDAR products increased to 58 vehicle models with 21 automotive OEMs and Tier 1 suppliers, and had achieved SOP for 13 vehicle models for nine of the 21 aforementioned automotive OEMs and Tier 1 suppliers.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares22.91M shares
No. of International Offer Shares21.57M shares
No. of HK Offer Shares1.34M shares
Offer Price$43.00
Stock Code2498
Sponsor(s)J.P. Morgan Securities (Far East) Limited, China Renaissance Securities (Hong Kong) Limited
Underwriter(s)J.P. Morgan Securities (Asia Pacific) Limited, China Renaissance Securities (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited, CCB International Capital Limited, Essence International Securities (Hong Kong) Limited, Fosun International Securities Limited, CMB International Capital Limited, ABCI Securities Company Limited, Livermore Holdings Limited
TIME TABLE
Application PeriodDec 27 (Wed) - noon, Jan 02 (Tue)
Price Determination Date--
Result Announcement DateOn or before Jan 04 (Thu)
Result Announcement DateOn or before Jan 04 (Thu)
Result Announcement DateOn or before Jan 05 (Fri)
Dealings in Shares commence onJan 05, 2024. (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$43.00
Capitalization19.32B
NAV / share ($)$8.60 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 43.00, the net proceeds raised would be HKD 877.00M, of which
45% : Research and development to continue building and enhancing product pipeline as well as team expansion for supporting our R&D initiatives
20% : Enhancing manufacturing, testing and verification capabilities
20% : Enhancing sales and marketing efforts
5% : Exploring potential strategic partnerships or alliance opportunities
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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