Group 1 - The core viewpoint of the article highlights the significant oversubscription of the initial public offering (IPO) of the baby diaper manufacturer, Le Shushi, with a subscription amount reaching HKD 323.1 billion, which is 1,356 times the public offering amount of HKD 238 million [1] - Le Shushi plans to issue 90.884 million shares at an offering price between HKD 24.2 and HKD 26.2, aiming to raise up to HKD 2.38 billion, with a minimum entry fee of approximately HKD 5,292.9 for one lot of shares [1] - The company is expected to be listed on November 10, with China International Capital Corporation, CITIC Securities, and GF Securities acting as joint sponsors [1] Group 2 - Le Shushi is a multinational hygiene products company focusing on emerging markets in Africa, Latin America, and Central Asia, primarily engaged in the development, manufacturing, and sales of baby diapers, baby pull-ups, sanitary napkins, and wet wipes [1] - The majority of Le Shushi's revenue comes from sales to African customers, with East Africa contributing 46.5%, West Africa 39.5%, Central Africa 10.6%, and Latin America and Central Asia accounting for 3.3% and 0.1%, respectively, in the first four months of this year [1] - According to Frost & Sullivan, Le Shushi ranks first in the African baby diaper and sanitary napkin markets by sales volume, with market shares of 20.3% and 15.6%, respectively [2] Group 3 - The founders of Le Shushi, Shen Yanchang and Yang Yanjuan, hold a combined 64.42% stake in the company, with their registered address in Hong Kong [2] - The cornerstone investors include BA Capital, Arc Avenue, Arcane Nexus, and several others, with a total investment of USD 139 million (approximately HKD 1.08 billion), representing 45.34% of the initial offering size at the maximum price of HKD 26.2 [2] Group 4 - The net proceeds from the fundraising will be allocated as follows: 71.4% for expanding overall production capacity and upgrading production lines, 11.6% for marketing and promotional activities in Africa, Latin America, and Central Asia, 4.7% for strategic acquisitions in the hygiene products sector, and 0.4% for upgrading the CRM system [3] - Additionally, 2.6% will be used for hiring management consulting firms to analyze new markets and products, while 9.3% will be allocated for working capital and general corporate purposes [3]
乐舒适招股结束 孖展认购额达3231亿港元 超购1356倍