09863 零跑汽車
LEAPMOTOR
LEAPMOTOR
| Listing Date | 2022/09/29 |
| Listing Price | 48.000 |
Quote
Subscription Result
- Subscription Rate0.16x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Zhejiang Leapmotor Technology is a smart EV company based in China primarily focusing on the mid- to high-end segment of China’s NEV market with a price range of RMB150,000-300,000.
It delivered a total of 43,748 vehicles in 2021, a 443.5% increase from 2020, making it the fastest-growing among the leading pure-play EV companies based in China in terms of delivery volume, according to Frost & Sullivan.
The Group internally develops all its key hardware and software across the core systems and electronic components of vehicles. It is the only pure-play EV company based in China, with such a full-suite of R&D capabilities. These include its intelligent power system (Leapmotor Power), autonomous driving system (Leapmotor Pilot), and smart cockpit system (Leapmotor OS).
The Group have launched four BEV models and plan to further expand product portfolio by launching seven new BEV models by 2025, at a pace of one to three new models every year. Its manufacturing plant located in Jinhua, Zhejiang province has a production capacity of 200,000 vehicles per annum.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 130.82M H shares |
| No. of International Offer Shares | 128.67M H shares |
| No. of HK Offer Shares | 2.15M H shares |
| Offer Price | $48.00 - $62.00 |
| Stock Code | 9863 |
| Sponsor(s) | J.P. Morgan Securities (Far East) Limited, China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Asia Limited, CCB International Capital Limited |
| Underwriter(s) | J.P. Morgan Securities (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Asia Limited, CCB International Capital Limited, CLSA Limited, China Securities (International) Corporate Finance Company Limited, Huatai Financial Holdings (Hong Kong) Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Sep 20 (Tue) - noon, Sep 23 (Fri) |
| Price Determination Date | Sep 23 (Fri) |
| Result Announcement Date | On or before Sep 28 (Wed) |
| Result Announcement Date | On or before Sep 28 (Wed) |
| Dealings in Shares commence on | Sep 29, 2022. (Thu) |
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 | $48.00 - $62.00 |
| Capitalization (H Shares) | 44.26B - 57.17B |
| NAV / share ($) | $11.11 - $12.67 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 55.00, the net proceeds raised would be HKD 6.95B, of which |
| 40% : Allocated to research and development |
| 25% : Enhancing production capacity and capabilities |
| 25% : Expanding sales and service network and establishing a stronger brand presence |
| 10% : Working capital |
IPO NEWS
| 29/09/2022 16:09 |
| {New Stock}LEAPMOTOR(09863) ends down 33.54% at HK$31.9 |
| 29/09/2022 09:20 |
| {New Stock}LEAPMOTOR(09863) opens down 14.58% at HK$41 |
| 28/09/2022 18:35 |
| {New Stock}LEAPMOTOR(09863) ends down 14.58% on grey market |
| 28/09/2022 16:20 |
| {New Stock}LEAPMOTOR down 14.58% at HK$41 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).