CIRRUS
Listing Date | 2024/07/12 |
Listing Price | 27.500 |
- Subscription Rate1.56x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2024/07/12 |
Listing Price | 27.500 |
Cirrus Aircraft Limited designs, develops, manufactures, and sells premium aircraft recognized across the personal aviation industry, which incorporate innovations in safety, technology, connectivity, performance, and comfort. The Group’s market share in the global personal aviation market was 32% in 2023 based on the number of units delivered, according to report..
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The Group’s two aircraft product lines, the SR2X Series and the Vision Jet, have successfully set the industry standard for owner-piloted aircraft and are currently certified and validated in more than 60 countries. The Group have delivered over 9,700 SR2X Series aircraft and over 500 Vision Jet aircraft.
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As of December 31, 2023, the Group had established a sales presence in more than 36 countries. Its customers primarily consist of retail customers and institutional operators, including for fleet and other specific purposes. Its products were sold to customers in 44 countries and territories around the world.
Market | Hong Kong (Main Board) |
Business Nature | Industrials |
Major Business Area | Global |
Board Lot | 100 |
No. of Offer Shares | 54.88M shares |
No. of International Offer Shares | 49.39M shares |
No. of HK Offer Shares | 5.49M shares |
Offer Price | $27.34 - $28.00 |
Stock Code | 2507 |
Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, ABCI Securities Company Limited, AVICT Global Asset Management Limited, BOCI Asia Limited, China Galaxy International Securities (Hong Kong) Co., Limited, China Merchants Securities (HK) Co., Limited, CMB International Capital Limited, Futu Securities International (Hong Kong) Limited, Guosen Securities (HK) Capital Company Limited, Huatai Financial Holdings (Hong Kong) Limited, ICBC International Securities Limited, Tiger Brokers (HK) Global Limited |
Application Period | Jun 28 (Fri) - noon, Jul 09 (Tue) |
Price Determination Date | Jul 10 (Wed) |
Result Announcement Date | On or before Jul 11 (Thu) |
Result Announcement Date | On or before Jul 11 (Thu) |
Result Announcement Date | On or before Jul 12 (Fri) |
Dealings in Shares commence on | Jul 12, 2024. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $27.34 - $28.00 |
Capitalization | 10.00B - 10.24B |
NAV / share ($) | $6.33 - $6.4 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 27.67, the net proceeds raised would be HKD 1.39B, of which |
30% : Fund innovation, product enhancements, continuing product improvements |
30% : Enhance production efficiency and capacity |
30% : Fund improvement and expansion of service, sales and support for products and services |
10% : Working capital |
12/07/2024 16:08 |
{New Stock}CIRRUS(02507) ends flat at HK$27.5 |
12/07/2024 09:20 |
{New Stock}CIRRUS(02507) opens flat at HK$27.5 |
11/07/2024 18:35 |
{New Stock}CIRRUS ends down 1.64% at HK$27.05 on grey market |
11/07/2024 16:20 |
{New Stock}CIRRUS down 5.09% at HK$26.1 on grey market |
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). |
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