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IPO Detail
09959 聯易融科技
Linklogis
Listing Date2021/04/09
Listing Price17.580
 
Quote
  • 8.020 +0.030 (+0.375%)    Sink Below Listing Price
  • 15-min delayed, last update: 29/09/2021 09:10
Subscription Result
  • Subscription Rate
    98.46x
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate
    20%
COMPANY PROFILE

Linklogis is a technology solution provider for supply chain finance in China. Its cloud-native solutions optimize the payment cycle of supply chain transactions and digitalize the entire workflow of supply chain finance. It empowers anchor enterprise and financial institution customers with efficient and reliable supply chain finance technology solutions, and enhance transparency and connectivity in the supply chain finance ecosystem. It ranked No.1 among technology solution providers in China with RMB163.8 billion in supply chain finance transactions processed in 2020, accounting for a 20.6% market share, according to CIC.

As of December 31, 2020, the Group had connected over 340 anchor enterprises, over 200 financial institutions, over 103,000 small and medium-sized enterprises, and close to 100 professional parties and data providers across the supply chain finance ecosystem. it had enabled customers and partners to process more than RMB280 billion in cumulative supply chain finance transactions in China.

The Group generates revenues primarily from technology solution service fees based on transaction volume. The customers primarily include anchor enterprises and financial institutions. The majority anchor enterprises it serves operate in the sectors, including real estate, energy, construction, pharmaceutical, manufacturing, among others. It also serves a variety of financial institutions such as banks, securities firms, trust companies and factoring companies.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaChina
Websitewww.linklogis.com
Board Lot500
GLOBAL OFFERING
No. of Offer Shares453m shares
No. of International Offer Shares408m shares
No. of HK Offer Shares45.29m shares
Offer Price$16.28 - $18.28
Registrar & Transfer OfficeTricor Investor Services
Stock Code9959
Sponsor(s)Goldman Sachs (Asia) L.L.C.; China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)Goldman Sachs (Asia) L.L.C.; China International Capital Corporation Hong Kong Securities Limited; Citigroup Global Markets Asia Limited; China Renaissance Securities (Hong Kong) Limited; CLSA Limited; Futu Securities International (Hong Kong) Limited; Huajin Securities (International) Limited; China Merchants Securities (HK) Co., Limited; CCB International Capital Limited; Valuable Capital Limited
TIME TABLE
Application PeriodMar 26 (Fri) - Noon, Mar 31 (Wed)
Price Determination DateOn or Before 5pm, Mar 31 (Wed)
Result Announcement DateOn or Before Apr 8 (Thu)
Dispatch of Shares and Refund ChequesOn or Before Apr 8 (Thu)
Dealings in Shares commence onApr 9, 2021. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription10X - 30X30X - 60XOver 60X
% of total shares reallocated to HK Offer12%14%28%
DIRECTORS
ExecutiveSong Qun (Chairman), Ji Kun, Chau Ka King
Non-ExecutiveLin Haifeng, Zhang Yuhan, Zhao Yongsheng
Independent Non-ExecutiveGao Feng, Tan Huay Lim, Chen Wei
MAJOR SHAREHOLDERS
Director Song Qun12.06% (total capital); 57.84% (voting rights)
Tencent Mobility15.11% (total capital); 7.24% (voting rights)
CITIC Capital Holdings9.63% (total capital); 4.62% (voting rights)
Trident Trust7.71% (total capital); 3.7% (voting rights)
GIC (Ventures) Private Limited7.36% (total capital); 3.53% (voting rights)
Lin Lijun9.53% (total capital); 4.57% (voting rights)
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
202020192018
Revenue1,028,541699,593382,733
Gross Profit630,378362,972193,526
Pre-Taxed Profit(674,440)(1,081,813)(1,416,666)
Attributable Profit for the period(717,056)(1,081,638)(1,410,305)
OFFER STATISTICS (HK$)
Offer Price$16.28 - $18.28
Capitalization$36,864m - $41,393m
Unaudited pro forma adj NAV / share$4.32 - $4.71
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $17.28, the net proceeds raised would be HK$7,581.3m, of which:
* $2,653.5m (35.0%) to enhance core technology capabilities and fundamental research and development;
* $1,516.3m (20.0%) toexpand cross-border operations;
* $1,137.2m (15.0%) to enhance capabilities with respect to sales and marketing, business development and brand building;
* $1,516.3m (20.0%) to be used for future strategic investment and acquisitions opportunities; and
* the balance of $758.1m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01147EDENSOFTunchange0.1150.0000.000%
06608BAIRONG-Wunchange12.6000.0000.000%
09600NEWLINK TECHunchange1.7000.0000.000%
09698GDS-SWunchange56.3500.0000.000%
09959LINKLOGIS-Wup8.0200.0300.375%
15-min delayed, last updated: 29/09/2021 09:10
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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