Core Insights - LeMo Technology (02539) is conducting an IPO from November 25 to 28, aiming to issue 5.5556 million shares at a price range of HKD 27 to HKD 40, with a significant oversubscription of approximately 5912.8 times as of November 28 [1][2] Company Overview - LeMo Technology launched the "LeMo Bar" brand in 2016, focusing on providing machine massage services in commercial complexes, cinemas, and transportation hubs across China [2] - As of November 15, 2025, the company has established over 48,000 service points and deployed more than 533,000 massage machines, covering all 31 provincial-level administrative regions and 337 cities in China [2] Market Position - According to Frost & Sullivan, LeMo Technology ranks first among all machine massage service providers in China by transaction volume, with market shares of 33.9%, 37.3%, and 42.9% for the years 2022, 2023, and 2024 respectively [1] - By 2024, the company is expected to hold over 50% market share in terms of revenue within the Chinese machine massage market [1] Financial Performance - The company reported revenues of approximately RMB 330 million, RMB 587 million, RMB 798 million, and RMB 631 million for the fiscal years 2022, 2023, 2024, and the eight months ending August 31, 2025, respectively [2] - Net profit and total comprehensive income for the same periods were RMB 6.481 million, RMB 87.34 million, RMB 85.807 million, and RMB 88.55 million [2] Growth Metrics - The number of service points expanded from 21,727 as of December 31, 2022, to 45,993 by December 31, 2024, reflecting a compound annual growth rate (CAGR) of approximately 45.49% [2] - The company has a strong consumer base, with over 174 million identifiable service consumers and more than 40 million registered members as of November 15, 2025 [2]
新股消息 | 共享按摩设备商乐摩科技(02539)获券商借出约1314亿港元孖展 超购约5912.8倍