06657 百望股份
BAIWANG CO
BAIWANG CO
| Listing Date | 2024/07/09 |
| Listing Price | 36.000 |
Subscription Result
- Subscription Rate6.58x
- Guarantee One Lot Size7 lot
- One Lot Success Rate40.01%
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IPO Detail
COMPANY PROFILE
Baiwang Co is an enterprise digitalization solutions provider in China, focusing on offering SaaS financial & tax digitalization and data-driven analytics services through its Baiwang Cloud platform. The Group process a variety of transaction documents, including among others, invoices, receipts, bills, and other accounting records, that accurately reflect key business transactions of enterprises.
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The Group generated revenue primarily through charging annual subscription fees, usage-based fees, sales-based fees and solution delivery fees for cloud financial & tax digitalization solutions, sales-based fees, annual subscription fees, usage-based fees and project-based fees for its data-driven analytics services, and software license fees, implementation fees, annual maintenance fees and hardware equipment fees for on-premises financial & tax digitalization solutions.
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According to report, the Group ranked first in China’s cloud financial and tax-related transaction digitalization market in 2023 in terms of revenue, representing a market share of 7.1%, and second in China’s financial and tax-related transaction digitalization market in 2023 in terms of revenue, representing a market share of 4.9%.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 9.26M H shares |
| No. of International Offer Shares | 8.34M H shares |
| No. of HK Offer Shares | 0.93M H shares |
| Offer Price | $36.00 - $40.00 |
| Stock Code | 6657 |
| Sponsor(s) | Haitong International Capital Limited, Haitong International Securities Company Limited |
| Underwriter(s) | Haitong International Securities Company Limited, CMB International Capital Limited, Fosun International Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, BOCI Asia Limited, Shenwan Hongyuan Securities (H.K.) Limited, Futu Securities International (Hong Kong) Limited, Livermore Holdings Limited |
TIME TABLE
| Application Period | Jun 28 (Fri) - noon, Jul 04 (Thu) |
| Price Determination Date | Jul 05 (Fri) |
| Result Announcement Date | On or before Jul 08 (Mon) |
| Result Announcement Date | On or before Jul 08 (Mon) |
| Result Announcement Date | On or before Jul 09 (Tue) |
| Dealings in Shares commence on | Jul 09, 2024. (Tue) |
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 | $36.00 - $40.00 |
| Capitalization (H Shares) | 8.13B - 9.04B |
| NAV / share ($) | $-8.44 - $-8.2 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 38, the net proceeds raised would be HKD 246.30M, of which |
| 31.5% : Upgrade and enhance the functions and features of solutions |
| 29.4% : Enhance R&D capabilities |
| 19.3% : Develop marketing and branding initiatives |
| 11.5% : Pursue strategic investment and acquisition opportunities |
| 8.3% : Working capital |
IPO NEWS
| 09/07/2024 16:08 |
| {New Stock}BAIWANG CO(06657) ends up 8.06% at HK$38.9 |
| 09/07/2024 09:20 |
| {New Stock}BAIWANG CO(06657) opens down 11.11% at HK$32 |
| 08/07/2024 18:35 |
| {New Stock}BAIWANG CO(06657) ends down 3.75% on grey market |
| 08/07/2024 16:20 |
| {New Stock}BAIWANG CO down 8.33% at HK$33 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). |
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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).