07855 TECHSTARACQ-Z
TECHSTARACQ-Z
TECHSTARACQ-Z
| Listing Date | 2022/12/23 |
| Listing Price | 10.000 |
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IPO Detail
COMPANY PROFILE
TechStar Acquisition Corporation are a special purpose acquisition company, newly incorporated for the purpose of effecting a De-SPAC Transaction. It intends to focus efforts on identifying high-growth De-SPAC Targets in the “new economy” sector in China, including but not limited to innovative technology, advanced manufacturing, healthcare, life sciences, culture and entertainment, consumer and e-commerce, green energy and climate actions industries that align with the national economic trends and industrial policies.
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The Group Promoters are CNCB Capital, Zero2IPO Group, Zero2IPO Capital, Mr. NI Zhengdong, Mr. LI Zhu and Mr. LAU Wai Kit. CNCB Capital is a wholly-owned subsidiary of CNCB Investment, which is a subsidiary of CITIC Bank.
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As of September 30, 2022, CNCB Capital had assets under management of US$2.1 billion and managed and advised more than 10 private equity funds and fixed-income funds with the total capital commitments of US$2.2 billion, covering industries such as internet, healthcare, logistics and biotech.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Miscellaneous |
| Major Business Area | China |
| Board Lot | 110000 |
GLOBAL OFFERING
| No. of Offer Shares | 100.10M shares |
| Offer Price | $10.00 |
| Stock Code | 7855 |
| Sponsor(s) | Zero2IPO Capital Limited, China Securities (International) Corporate Finance Company Limited |
| Underwriter(s) | CNCB (Hong Kong) Capital Limited, Zero2IPO Securities Limited, China Securities (International) Corporate Finance Company Limited, CLSA Limited, Central China International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Eddid Securities and Futures Limited, Guotai Junan Securities (Hong Kong) Limited, CMBC Securities Company Limited, Zhongtai International Securities Limited, Futu Securities International (Hong Kong) Limited, Victoria Harbour International Financial Holdings Limited |
TIME TABLE
| Application Period | - noon, |
| Price Determination Date | -- |
| Result Announcement Date | On or before Dec 22 (Thu) |
| Result Announcement Date | On or before Dec 22 (Thu) |
| Dealings in Shares commence on | Dec 23, 2022. (Fri) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $10.00 |
| Capitalization | 1.00B |
| NAV / share ($) | $8.84 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 10.0, the net proceeds raised would be HKD 1.00B, of which |
| 100% : Gross proceeds from the Offering will be held in the Escrow Account domiciled in Hong Kong in the form of cash or cash equivalents |
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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Subscription --
Result Announcement --
Listing --Offer Price︰--
| Currency | : |
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| Admission Fee* |
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| 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).