03611 花房集團
HUAFANG GROUP
HUAFANG GROUP
| Listing Date | 2022/12/12 |
| Listing Price | 2.800 |
Quote
Subscription Result
- Subscription Rate33.44x
- Guarantee One Lot Size20 lot
- One Lot Success Rate20%
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IPO Detail
COMPANY PROFILE
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.
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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.
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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.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 46.00M shares |
| No. of International Offer Shares | 32.20M shares |
| No. of HK Offer Shares | 13.80M shares |
| Offer Price | $2.80 - $3.60 |
| Stock Code | 3611 |
| 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 |
TIME TABLE
| Application Period | Nov 30 (Wed) - noon, Dec 05 (Mon) |
| Price Determination Date | Dec 05 (Mon) |
| Result Announcement Date | On or before Dec 09 (Fri) |
| Result Announcement Date | On or before Dec 09 (Fri) |
| Dealings in Shares commence on | Dec 12, 2022. (Mon) |
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 | $2.80 - $3.60 |
| Capitalization | 2.80B - 3.60B |
| NAV / share ($) | $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 |
IPO NEWS
| 12/12/2022 16:08 |
| {New Stock}HUAFANG GROUP(03611) ends up 12.5% at HK$3.15 |
| 12/12/2022 09:20 |
| {New Stock}HUAFANG GROUP(03611) opens up 17.5% at HK$3.29 |
| 09/12/2022 18:35 |
| {New Stock}HUAFANG GROUP ends up 16.43% on grey market |
| 09/12/2022 16:20 |
| {New Stock}HUAFANG GROUP up 8.57% at HK$3.04 on grey market |
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).