XUNCE
| Register Close | 2025/12/23 IPO Closing in 5 Days |
| Listing Date | 2025/12/30 |
| Register Close | 2025/12/23 IPO Closing in 5 Days |
| Listing Date | 2025/12/30 |
Data infrastructure is classified into real-time and non-real-time categories based on the processing mechanism and efficiency. In 2024, China’s real-time data infrastructure and analytics market was valued at RMB18.7 billion, representing 4.5% of the country’s total data infrastructure and analytics market. The Group ranked fourth in this segment by revenue, capturing a 3.4% market share.
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At the core of our offerings is a real-time data infrastructure, a unified data platform that collects, cleans, manages, analyzes and governs heterogeneous data from multiple sources within milliseconds to seconds. The Group ranked first in terms of revenue in 2024 in the real-time data infrastructure and analytics market for China’s asset management industry with a market share of 11.6%.
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In 2024, the Group’s clients within diversified industries other than asset management mainly include financial services (other than asset management), city management, manufacturing management and telecommunications, with its services provided to branches of major state-owned telecommunications operators in China.
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 100 |
| No. of Offer Shares | 22.50M H shares |
| No. of International Offer Shares | 20.25M H shares |
| No. of HK Offer Shares | 2.25M H shares |
| Offer Price | $48.00 - $55.00 |
| Stock Code | 3317 |
| Sponsor(s) | Guotai Junan Capital Limited, Guotai Junan Securities (Hong Kong) Limited |
| Underwriter(s) | Guotai Junan Securities (Hong Kong) Limited, Deutsche Bank AG, Hong Kong Branch, Futu Securities International (Hong Kong) Limited, Hong Tai Securities Limited, Orient Securities (Hong Kong) Limited, North Beta International Securities Limited, ICBC International Securities Limited, CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, TradeGo Markets Limited, China Merchants Securities (HK) Co., Limited, ABCI Securities Company Limited, BOCOM International Securities Limited, Tiger Brokers (HK) Global Limited |
| Application Period | Dec 18 (Thu) - noon, Dec 23 (Tue) |
| Price Determination Date | Dec 24 (Wed) |
| Result Announcement Date | On or before Dec 29 (Mon) |
| Result Announcement Date | On or before Dec 29 (Mon) |
| Result Announcement Date | On or before Dec 30 (Tue) |
| Dealings in Shares commence on | Dec 30, 2025. (Tue) |
| Offer Price | $48.00 - $55.00 |
| Capitalization | 155.00M - 177.00M |
| NAV / share ($) | $7.38 - $7.84 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 51.5, the net proceeds raised would be HKD 1.04B, of which |
| 65% : Further advance current solutions, develop new solutions, and enhance technology capabilities |
| 15% : Deepen penetration in an array of other industries |
| 10% : Improve marketing capabilities |
| 10% : Working Capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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