Company Overview - The company, Dazhong Oral (02651), is a private dental service provider focused on the Hubei and Hunan provinces in Central China, operating a growing network of dental services through a direct chain model [1] - It holds the leading position among private dental service providers in Central China, with a market share of approximately 2.4% based on revenue for 2024 [1] Financial Performance - The company's revenue increased from RMB 409 million for the year ending December 31, 2022, to RMB 442 million for the year ending December 31, 2023 [2] - For the year ending December 31, 2024, the revenue is projected to slightly decline to RMB 407 million due to economic recovery challenges and intense competition in the dental service sector [2] IPO Details - The company plans to offer 10.8618 million H-shares globally, with 10% allocated for Hong Kong and 90% for international sales, with a proposed price range of HKD 20.0 to HKD 21.4 per share [1] - Assuming a mid-point offer price of HKD 20.7, the expected net proceeds from the global offering are approximately HKD 186 million [3] - The allocation of the proceeds includes 35% for establishing new dental facilities in Wuhan and other cities, 25% for acquiring dental institutions, and 10% for upgrading existing facilities and IT infrastructure [3]
大众口腔(02651)今起招股 预计7月9日上市
智通财经网·2025-06-29 23:06