Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
03611 花房集團
Listing Date2022/12/12
Listing Price2.800
  • 1.970 +0.130 (+7.065%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
Subscription Result
  • Subscription Rate
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate

Huafang Group is an internet company in China, offering video- and audio-based live entertainment and social networking services to users. It ranked among the top two online entertainment live streaming platforms in China in terms of monthly active users and monthly paying users from apps and websites on mobile and PC, as well as WeChat mini programs, and monthly usage time on mobile apps and PC clients in 2021, according to the iResearch Report. It also ranked third among all online entertainment live streaming platforms in China in terms of revenue generated from apps and websites on mobile and PC, as well as WeChat mini programs in 2021, accounting for approximately 13.1% of total revenue of China’s entertainment live streaming platforms and approximately 0.9% of total revenue of China’s video and audio social entertainment market in 2021.


The Group focuses on the sphere of online social entertainment, through the operations of its flagship products, Huajiao and 6.cn. The Group had 414.9 million registered users as of May 31, 2022, with Generation Z users accounting for approximately 61.3% of average MAUs of Huajiao. It generated substantially all of revenue from the purchase and presentation of virtual items to hosts.


The Group overseas social networking products primarily target users in Indonesia and Saudi Arabia. It operated several social networking products under HOLLA Group, primarily including HOLLA, Omega, Camsea and Monkey, that offer social discovery and video and audio chat services.

MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaChina
Board Lot1000
No. of Offer Shares46.00M shares
No. of International Offer Shares32.20M shares
No. of HK Offer Shares13.80M shares
Offer Price$2.80 - $3.60
Stock Code3611
Sponsor(s)Haitong International Capital Limited, CCB International Capital Limited
Underwriter(s)Haitong International Securities Company Limited, CCB International Capital Limited, ABCI Securities Company Limited, Daiwa Capital Markets Hong Kong Limited, Eddid Securities and Futures Limited, Huatai Financial Holdings (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Valuable Capital Limited, Zhongtai International Securities Limited
Application PeriodNov 30 (Wed) - noon, Dec 05 (Mon)
Price Determination DateDec 05 (Mon)
Result Announcement DateOn or before Dec 09 (Fri)
Result Announcement DateOn or before Dec 09 (Fri)
Dealings in Shares commence onDec 12, 2022. (Mon)
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$2.80 - $3.60
Capitalization2.80B - 3.60B
NAV / share ($)$2.11 - $2.14 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 3.2, the net proceeds raised would be HKD 90.80M, of which
25% : Diversify and enrich products, content and services
35% : Implement marketing initiatives to expand user base and promote brand
20% : Selective acquisitions of or investment in products, services and businesses
10% : Strengthen research and development and technology 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.