Core Viewpoint - The IPO of Zhida Technology, a leading player in China's home electric vehicle charging sector, has generated significant market interest, with subscription demand exceeding 2000 times within a few days of the offering [1][2]. Group 1: IPO Details - The global offering consists of 5.9789 million H-shares, with a maximum offer price of HKD 83.63 per share, expected to be listed on the Hong Kong Stock Exchange on October 10 [1]. - The subscription period runs from September 30 to October 6, 2025, with the public offering accounting for 10% of the total shares [1]. - The total fundraising amount is estimated at approximately HKD 450 million, with the international placement portion making up about HKD 4.05 billion [1][2]. Group 2: Market Sentiment and Structure - The absence of cornerstone investors in the IPO design enhances the flexibility of share distribution, potentially driving the stock price upward post-listing [2]. - The issuance structure, featuring full circulation and a green shoe mechanism, is designed to ensure successful issuance while leaving room for future performance [2][3]. Group 3: Company Positioning and Growth Potential - Zhida Technology focuses on home charging solutions, aligning with China's "dual carbon" strategy and the growing demand for electric vehicles, which is projected to have a compound annual growth rate of over 30% by 2025 [2][3]. - The company operates on a light asset model and a platform-based approach, connecting electric vehicle users, grid operators, and the renewable energy ecosystem [3]. - The potential for the company's market capitalization to exceed HKD 9.2 billion post-IPO could attract significant southbound capital inflow, creating a positive feedback loop for value discovery [3]. Group 4: Industry Outlook - The charging infrastructure for electric vehicles is transitioning from a supporting industry to a core sector, with Zhida Technology positioned as a key player in this evolution [4]. - The ongoing increase in electric vehicle penetration is expected to accelerate the construction of charging infrastructure, providing Zhida Technology with a competitive advantage [3][4].
挚达科技：全球智能充电第一股IPO受热捧 超2000倍认购彰显稀缺价值