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IPO Detail
09863 零跑汽車
LEAPMOTOR
Listing Date2022/09/29
Listing Price48.000
 
Quote
  • 27.100 +3.350 (+14.105%)    Sink Below Listing Price
  • 15-min delayed, last update: 05/12/2022 18:00
Subscription Result
  • Subscription Rate
    0.16x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
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
MarketHong Kong (Main Board)
Business NatureAutomobiles
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares130.82M H shares
No. of International Offer Shares128.67M H shares
No. of HK Offer Shares2.15M H shares
Offer Price$48.00 - $62.00
Stock Code9863
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 PeriodSep 20 (Tue) - noon, Sep 23 (Fri)
Price Determination DateSep 23 (Fri)
Result Announcement DateOn or before Sep 28 (Wed)
Result Announcement DateOn or before Sep 28 (Wed)
Dealings in Shares commence onSep 29, 2022. (Thu)
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$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
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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