Core Viewpoint - The company, 聚水潭, is a leading e-commerce SaaS ERP provider in China, successfully completing its IPO subscription with significant oversubscription and plans for future growth in the SaaS market [1][2] Group 1: IPO Details - 聚水潭's IPO subscription took place from October 13 to October 16, 2025, with a total of at least 330 billion HKD in margin loans secured by brokers, resulting in an oversubscription of 1581 times compared to the initial public offering amount of 210 million HKD [1] - The company plans to issue 68.167 million shares, with 10% allocated for public offering at a price of 30.6 HKD per share, aiming to raise approximately 2.09 billion HKD [1] - The expected listing date is October 21, 2025, with 中金公司 and 摩根大通 acting as joint sponsors [1] Group 2: Market Position and Financial Performance - According to 灼识咨询, 聚水潭 holds a 24.4% market share in the Chinese e-commerce SaaS ERP market for 2024, surpassing the combined market share of the second to fifth largest competitors [1] - The total market size for the Chinese e-commerce SaaS ERP sector is projected to be 3.1 billion RMB in 2024, with 聚水潭 also ranking first in the e-commerce SaaS operational market with an 8.7% market share [1] - The company reported total revenues and SaaS product transaction volumes of 909.8 million RMB and 1.302 billion RMB respectively for 2024, with compound annual growth rates of 31.9% and 32.6% from 2022 to 2024 [2] Group 3: Use of Proceeds - Approximately 55% of the net proceeds from the fundraising will be allocated to enhancing research and development capabilities to expand the product matrix over the next five years [2] - About 25% of the funds will be used to strengthen sales and marketing efforts over the next five years [2] - The remaining 20% will be divided between strategic investments and general corporate purposes, with 10% allocated to each [2]
聚水潭招股结束 认购额达3300亿港元 超购1581倍