02598 連連數字
LIANLIAN
LIANLIAN
| Listing Date | 2024/03/28 |
| Listing Price | 10.220 |
Quote
Subscription Result
- Subscription Rate16.94x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Lianlian DigiTech Co., Ltd. is a digital payment solution provider from China with a global payment capability to serve its customers around the world.
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The group provides a wide range of digital payment services and value-added services to customers in China and around the world. During the period comprising FY2020, FY2021, FY2022 and 9M2023, it generated a majority of its revenue from provision of global payment services. Its customers are primarily business clients, consisting of small and midsized merchants and enterprises.
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According to report, the Group ranked first among all independent digital payment solution providers in China in terms of the TPV in 2022, with a market share of 9.1%. It also ranked seventh among all digital payment solution providers in China in terms of the TPV in 2022, with a market share of 0.6%.
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As of September 30, 2023, it had served accumulatively over 3.2 million merchants and enterprises globally from various industries, including e-commerce, service industries and manufacturing. As of December 31, 2023, its global license layout consists of 64 payment licenses and relevant qualifications.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 64.30M H shares |
| No. of International Offer Shares | 45.01M H shares |
| No. of HK Offer Shares | 19.29M H shares |
| Offer Price | $10.21 - $10.95 |
| Stock Code | 2598 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, J.P. Morgan Securities (Far East) Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, J.P. Morgan Securities (Asia Pacific) Limited, BNP Paribas Securities (Asia) Limited, Deutsche Bank AG, Hong Kong Branch, ABCI Securities Company Limited, Caitong International Securities Company Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Futu Securities International (Hong Kong) Limited, GF Securities (Hong Kong) Brokerage Limited, Guotai Junan Securities (Hong Kong) Limited, ICBC International Securities Limited, Tiger Brokers (HK) Global Limited, Zhongtai International Securities Limited |
TIME TABLE
| Application Period | Mar 20 (Wed) - noon, Mar 25 (Mon) |
| Price Determination Date | Mar 26 (Tue) |
| Result Announcement Date | On or before Mar 27 (Wed) |
| Result Announcement Date | On or before Mar 27 (Wed) |
| Result Announcement Date | On or before Mar 28 (Thu) |
| Dealings in Shares commence on | Mar 28, 2024. (Thu) |
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 | $10.21 - $10.95 |
| Capitalization | 10.93B - 11.72B |
| NAV / share ($) | $1.04 - $1.08 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 10.58, the net proceeds raised would be HKD 485.00M, of which |
| 60% : Enhance technological capabilities |
| 30% : Expand business operations globally |
| 5% : Future strategic investment and acquisitions |
| 5% : Working capital |
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). |
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*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).