Core Viewpoint - The company, LeShuShi (02698), is set to launch an initial public offering (IPO) from October 31 to November 5, 2025, aiming to raise approximately HKD 2.141 billion for expansion and marketing initiatives in emerging markets [1][2]. Group 1: IPO Details - The company plans to issue 90.884 million shares globally, with 10% allocated for public offering in Hong Kong and 90% for international investors, along with a 15% over-allotment option [1]. - The expected price range for each share is HKD 24.2 to 26.2, with trading on the Hong Kong Stock Exchange commencing on November 10, 2025 [1]. Group 2: Use of Proceeds - Approximately 71.4% of the net proceeds is intended for expanding overall production capacity and upgrading production lines [2]. - About 11.6% is earmarked for marketing and promotional activities in Africa, Latin America, and Central Asia [2]. - The company plans to allocate 4.7% for strategic acquisitions in the hygiene products sector and 0.4% for upgrading its CRM system [2]. - Additionally, 2.6% will be used for hiring management consulting firms for market and product analysis, while 9.3% is designated for working capital and general corporate purposes [2]. Group 3: Company Performance - The company has experienced significant revenue growth, with revenue increasing from USD 320 million in 2022 to USD 411.4 million in 2023, representing a 28.6% increase [3]. - Revenue is projected to rise further to USD 454.4 million in 2024, marking a 10.5% increase [3]. - Net profit surged from USD 18.4 million in 2022 to USD 64.7 million in 2023, a remarkable increase of 251.7% [3]. - For the four months ending April 30, 2025, net profit is expected to reach USD 3.11 million, up 12.5% from USD 2.77 million in the same period of 2024 [3]. Group 4: Market Position - The company is a multinational hygiene products firm focusing on rapidly developing emerging markets in Africa, Latin America, and Central Asia, primarily producing baby diapers, sanitary napkins, and wet wipes [2]. - According to Frost & Sullivan, the company ranks first in the African market for baby diapers and sanitary napkins, with market shares of 20.3% and 15.6%, respectively, based on 2024 sales [2]. - In terms of revenue for 2024, the company holds the second position in the African baby diaper and sanitary napkin markets, with market shares of 17.2% and 11.9% [2].
跨国卫生用品公司乐舒适(02698)启动港股招股 基石阵容豪华 南方基金、富国基金、易方达等机构认购1.39亿美元