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IPO Detail
02405 力盟科技
POWERWIN TECH
Listing Date2023/03/31
Listing Price0.700
 
Quote
Subscription Result
  • Subscription Rate
    13.47x
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate
    25%
COMPANY PROFILE

Powerwin Tech Group is a cross-border digital marketing service provider in China ranking third by gross billing in 2021 for cross-border e-commerce with a market share of 6.2%. It was also the fourth largest cross-border digital marketing service provider in China with a market share of 2.7% by gross billing in 2021.

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The Group had served more than 1,900 marketers as of September 30, 2022, covering a variety of industry verticals of e-commerce, online games and apps. For the nine months ended September 30, 2022, it served a total of 762 marketers. The media coverage of services reached more than 240 countries and regions in the world.

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In November 2021, the Group also commenced to provide cross-border online-shop SaaS solutions with the pilot launch of itsPowershopyTM SaaS platform (動力商城SaaS平台) which enables cross-border e-commerce merchants to build, operate, manage and market their own standalone online shops in an “all-in-one” fashion.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureMedia
Major Business AreaChina
Board Lot4000
GLOBAL OFFERING
No. of Offer Shares200.00M shares
No. of International Offer Shares180.00M shares
No. of HK Offer Shares20.00M shares
Offer Price$0.65 - $0.75
Stock Code2405
Sponsor(s)GF Capital (Hong Kong) Limited
Underwriter(s)GF Securities (Hong Kong) Brokerage Limited, First Capital Securities Limited, China Everbright Securities (HK) Limited, Maxa Capital Limited
TIME TABLE
Application PeriodMar 21 (Tue) - noon, Mar 24 (Fri)
Price Determination DateMar 24 (Fri)
Result Announcement DateOnorbefore Mar 30 (Thu)
Result Announcement DateOnorbefore Mar 30 (Thu)
Result Announcement DateOnorbefore Mar 30 (Thu)
Dealings in Shares commence onMar 31, 2023. (Fri)
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$0.65 - $0.75
Capitalization520.00M - 600.00M
NAV / share ($)$0.16 - $0.19 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 0.7, the net proceeds raised would be HKD 96.80M, of which
41.7% : Strengthen research and development capabilities, in particular AI technology capabilities
13.3% : Market cross-border online-shop SaaS solutions business
10% : Upgrade business and internal management systems
15% : Strengthen capabilities in providing localized services in overseas countries and regions to meet customers’ growing demand for overseas presence and expansion and deepen global footprint
10% : Pursue strategic cooperation or investment opportunities
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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