09680 如祺出行
CHENQI TECH
CHENQI TECH
| Listing Date | 2024/07/10 |
| Listing Price | 35.000 |
Quote
Subscription Result
- Subscription Rate0.60x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
|
|
|
|
|
|
|
|
|
|
IPO Detail
COMPANY PROFILE
Chenqi Technology Limited is a mobility service company in China primarily offering ride-hailing services. The Group serves and connects various participants of the mobility industry including the riders, drivers, automobile OEMs, vehicle service providers and autonomous driving solution providers.
--
The Group offers mobility services; technology services, primarily AI data and model solutions, and high-definition (HD) maps; and fleet sale and maintenance where it offers a full suite of support for drivers and car partners.
--
According to Frost & Sullivan, the Group mobility services ranked second in the Greater Bay Area with a market share of 5.6% in terms of GTV in 2023. It generated revenue primarily from charging service fees from riders using ride-hailing services on its platform.
--
As of December 31, 2023, the Group strategically focused on nine foothold cities, the majority of which are in the Greater Bay Area and the number of registered riders on its mobility service platform reached 23.8 million.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Transportation |
| Major Business Area | -- |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 30.00M shares |
| No. of International Offer Shares | 28.20M shares |
| No. of HK Offer Shares | 1.80M shares |
| Offer Price | $34.00 - $45.40 |
| Stock Code | 9680 |
| Sponsor(s) | -- |
| Underwriter(s) | -- |
TIME TABLE
| Application Period | Jun 28 (Fri) - noon, Jul 05 (Fri) |
| Price Determination Date | Jul 08 (Mon) |
| Result Announcement Date | On or before Jul 09 (Tue) |
| Result Announcement Date | On or before Jul 09 (Tue) |
| Result Announcement Date | On or before Jul 10 (Wed) |
| Dealings in Shares commence on | Jul 10, 2024. (Wed) |
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 | $34.00 - $45.40 |
| Capitalization | -- |
| NAV / share ($) | -- |
Use Of Proceeds
| Assuming the offer price being at HKD 39.7, the net proceeds raised would be HKD 1.11B, of which |
| 40% : Used for the R&D activities of autonomous driving and Robotaxi operation service |
| 20% : Used for product upgrading and operational efficiency improvement of our mobility services |
| 20% : Expand user base, enhance brand awareness and increase market share in the implementation of geographical expansion strategy |
| 10% : Building strategic partnerships, investments and acquisitions |
| 10% : Working capital |
IPO NEWS
| 10/07/2024 16:08 |
| {New Stock}CHENQI TECH(09680) ends down 3.14% at HK$33.9 |
| 10/07/2024 09:20 |
| {New Stock}CHENQI TECH(09680) opens down 14.29% at HK$30 |
| 09/07/2024 18:35 |
| {New Stock}CHENQI TECH(09680) ends up 0.29% on grey market |
| 09/07/2024 16:20 |
| {New Stock}CHENQI TECH(09680) flat at HK$35 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). |
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --Offer Price︰--
| Currency | : |
| Listing Price | : |
| Board Lot | : |
| Admission Fee* |
: |
| Subscribing Lot | : |
| Subscribing Fee | : |
| Subscribing Amount | : |
*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).