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Stock Code   IPO News IPO Timetable
IPO Detail
09690 途虎-W
TUHU-W
Listing Date2023/09/26
Listing Price28.000
 
Quote
  • 26.500 +1.450 (+5.788%)    Sink Below Listing Price
  • 15-min delayed, last update: 27/05/2024 17:59
Subscription Result
  • Subscription Rate
    2.67x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

TUHU Car Inc. is a leading integrated online and offline platforms for automotive service in China. As of 31 March 2023, it had 100.2 million registered users on its flagship “Tuhu Automotive Service (途虎養車)” app and online interfaces. It had 17.1 million transacting users in the last twelve months ended 31 March 2023.

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The average MAU reached 10.2 million in the three months ended 31 March 2023, making its platform the largest car owner community amassed by automotive service providers in China, according to the CIC Report. Its growing service network of over 4,700 Tuhu workshops and over 19,000 partner stores spans across the entire country, covering a majority of prefecture-level cities.

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The Group have three different types of stores, including self-operated Tuhu workshops, franchised Tuhu workshops, and third-party partner stores. The products and services it offers range from tires and chassis parts, auto maintenance, to auto repair, car detailing, auto accessories, and other related installation services.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureAutomobiles
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares42.44M shares
No. of International Offer Shares38.20M shares
No. of HK Offer Shares4.24M shares
Offer Price$28.00 - $31.00
Stock Code9690
Sponsor(s)Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, UBS Securities Hong Kong Limited, Merrill Lynch (Asia Pacific) Limited
Underwriter(s)Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, UBS AG Hong Kong Branch, Merrill Lynch (Asia Pacific) Limited, CMB International Capital Limited, BOCOM International Securities Limited, ICBC International Securities Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited
TIME TABLE
Application PeriodSep 14 (Thu) - noon, Sep 19 (Tue)
Price Determination DateSep 19 (Tue)
Result Announcement DateOn or before Sep 25 (Mon)
Result Announcement DateOn or before Sep 25 (Mon)
Result Announcement DateOn or before Sep 25 (Mon)
Dealings in Shares commence onSep 26, 2023. (Tue)
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$28.00 - $31.00
Capitalization22.70B - 25.20B
NAV / share ($)$5.08 - $5.22 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 29.5, the net proceeds raised would be HKD 1.09B, of which
35% : Enhancement of supply chain capability
20% : Research and development to advance data analytics technologies
15% : Expanding store network and franchisee base especially in the tier 2 and below cities and counties
20% : Fund investment related to automotive services for NEV owners
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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