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IPO Detail
02438 出門問問
MOBVOI
Listing Date2024/04/24
Listing Price3.800
 
Quote
  • 0.850 -0.050 (-5.556%)    Sink Below Listing Price
  • 15-min delayed, last update: 08/11/2024 17:59
Subscription Result
  • Subscription Rate
    117.39x
  • Guarantee One Lot Size
    8 lot
  • One Lot Success Rate
    25.01%
COMPANY PROFILE

MOBVOI provides AI-generated content (AIGC) solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies at the core of its business.

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The Group ranked third in the field of AI voice technologies and natural language processing (NLP) software solution with a market share of 1.4% in China in terms of revenue recognized in 2022. On the other hand, in the rapid growing area of AIGC, it is one of the market players in Asia capable of self-building our large language model, “Sequence Monkey”, which is equipped with multi-modal generative capability and has an ability to understand and generate humanized text, audios, images and videos.

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The Group is a market player in the development of AI CoPilot in Asia through providing personalized AI assistants with voice interaction and content generation technologies to help users complete various tasks in work and life.

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Its customers primarily consist of (i) content creators who purchase its AIGC solutions; (ii) enterprises to whom it sells its AI enterprise solutions; (iii) consumers who purchase its Smart Devices and Other Accessories; and (iv) online and offline distributors to whom it sells its Smart Devices and Other Accessories.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaChina
Board Lot1000
GLOBAL OFFERING
No. of Offer Shares84.57M shares
No. of International Offer Shares42.28M shares
No. of HK Offer Shares42.28M shares
Offer Price$3.70 - $4.10
Stock Code2438
Sponsor(s)CMB International Capital Limited, China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, Shenwan Hongyuan Securities (H.K.) Limited, Haitong International Securities Company Limited, Zhongtai International Securities Limited, ICBC International Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMBC Securities Company Limited, SPDB International Capital Limited, BOCOM International Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited
TIME TABLE
Application PeriodApr 16 (Tue) - noon, Apr 19 (Fri)
Price Determination DateApr 22 (Mon)
Result Announcement DateOn or before Apr 23 (Tue)
Result Announcement DateOn or before Apr 23 (Tue)
Result Announcement DateOn or before Apr 24 (Wed)
Dealings in Shares commence onApr 24, 2024. (Wed)
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$3.70 - $4.10
Capitalization5.52B - 6.12B
NAV / share ($)$0.35 - $0.38 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 3.90, the net proceeds raised would be HKD 275.40M, of which
44.3% : Continuously enhancing modeling technology
35.7% : Use for solution development and marketing
10% : Pursue strategic alliances, investments and acquisitions
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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