Core Viewpoint - LeMo Technology officially listed on the Hong Kong Stock Exchange, showing strong performance on its first day with a significant opening price increase of 62% from the final pricing [1][2] Group 1: Stock Performance - The stock opened at HKD 64.8, compared to the final pricing of HKD 40, resulting in a profit of HKD 2,480 per lot of 100 shares [1] - In pre-market trading, the stock opened 39% higher and closed at HKD 80.5, achieving a total increase of 101.25%, with a profit of HKD 4,050 per lot [2] Group 2: Company Overview - LeMo Technology is a leading provider of IoT technology and machine massage services in China, launching the "LeMo Bar" brand in 2016 [3] - The company ranks first among machine massage service providers in China by transaction volume for three consecutive years from 2022 to 2024, with a market share exceeding 50% by revenue in 2024 [3] Group 3: Financial Performance - The company has shown continuous revenue growth, with total revenue increasing from RMB 330 million in 2022 to RMB 798 million in 2024, although the growth rate has slowed [3] - Approximately 60% of the funds raised from the IPO will be used to expand the coverage and penetration of service points [3] Group 4: Subscription Demand - The public offering phase saw an oversubscription of approximately 7,324.29 times, making it one of the most sought-after new stocks in the recent Hong Kong market [3] - The final number of shares for the public offering was set at 555,600 due to the extremely high subscription rate [3]
“共享按摩设备商”乐摩科技首日高开62%，一手赚2480港元