Core Viewpoint - Chinese e-commerce SaaS ERP provider Jushuitan (6687.HK) officially listed on the Hong Kong Stock Exchange, experiencing a surge of over 28% during trading, reaching a peak of 39.32 HKD, with a total market capitalization exceeding 16.75 billion HKD [1] Summary by Category IPO Details - Jushuitan's public offering in Hong Kong received a subscription rate of 1952.95 times, with a winning rate of only 0.13% for a single lot (100 shares) [1] - The international offering recorded a subscription rate of 22.89 times [1] - The share price was set at 30.6 HKD, raising approximately 1.9376 billion HKD in net proceeds from the global offering [1] Use of Proceeds - Approximately 55% of the funds raised will be allocated to enhancing the company's research and development capabilities over the next five years to enrich its product matrix [1] - About 25% will be used to improve sales and marketing capabilities over the next five years [1] - 10% will be directed towards strategic investments over the next five years, and the remaining 10% will be for general corporate purposes [1] Company Overview - Jushuitan offers a comprehensive range of SaaS products and services, enabling clients to seamlessly upgrade their business capabilities, improve performance, and develop cross-platform operations while significantly reducing deployment and operational costs [1] - As of last year, Jushuitan is the largest e-commerce SaaS ERP provider in China, holding a market share of 24.4% [1] - For 2024, Jushuitan's total revenue and SaaS product transaction volume are projected to reach 909.8 million CNY and 1.3017 billion CNY, respectively, with compound annual growth rates of 31.9% and 32.6% from 2022 to 2024 [1]
聚水潭上市首日大涨超28%，总市值超167亿港元，香港公开发售获近1953倍认购