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Stock Code   IPO News IPO Timetable
IPO Detail
02479 天聚地合
TIANJUDIHE
Listing Date2024/06/28
Listing Price83.330
 
Quote
  • 71.300 +2.900 (+4.240%)    Sink Below Listing Price
  • 15-min delayed, last update: 05/11/2024 17:59
Subscription Result
  • Subscription Rate
    602.87x
  • Guarantee One Lot Size
    120 lot
  • One Lot Success Rate
    1.28%
COMPANY PROFILE

Tianju Dihe (Suzhou) Technology Co is an integrated API-enabled data exchange service provider in China. The Group provides standard API services and customized data management solutions to internet companies, telecommunications operators, technology companies and other business and government organizations as well as app developers and technology professionals.

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Application Programming Interface, commonly known as API, is a set of protocols that allows disconnected applications to communicate with each other. The Group is dedicated to eliminating data silos and offering online API services that span across multiple service types and scenarios.

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Since the launch of API marketplace in June 2011, the Group have developed over 770 proprietary APIs. In 2023, API marketplace handled over 120 billion API requests. It generated revenue primarily from API marketplace, and, to a lesser extent, data management solutions.

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According to report, in 2022, the Group had a market share of 6.1% and 2.1% in the integrated API-enabled data exchange service market and overall API-enabled data exchange service market, respectively, in China.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaChina
Board Lot50
GLOBAL OFFERING
No. of Offer Shares4.82M H shares
No. of International Offer Shares4.34M H shares
No. of HK Offer Shares0.48M H shares
Offer Price$83.33
Stock Code2479
Sponsor(s)CITIC Securities (Hong Kong) Limited
Underwriter(s)CLSA Limited, CMB International Capital Limited, ABCI Securities Company Limited, Soochow Securities International Brokerage Limited, ICBC International Securities Limited, CCB International Capital Limited, SPDB International Capital Limited, Livermore Holdings Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited
TIME TABLE
Application PeriodJun 20 (Thu) - noon, Jun 25 (Tue)
Price Determination Date--
Result Announcement DateOn or before Jun 27 (Thu)
Result Announcement DateOn or before Jun 27 (Thu)
Result Announcement DateOn or before Jun 28 (Fri)
Dealings in Shares commence onJun 28, 2024. (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$83.33
Capitalization (H Shares)4.18B
NAV / share ($)$21.63 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 83.33, the net proceeds raised would be HKD 344.00M, of which
25% : Upgrade the existing suite of APIs in its API marketplace
45% : Upgrade existing products and services of data management solutions, strengthening technical capabilities and market competitiveness
20% : Used to research and develop the technologies for data security and privacy protection
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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