Capital State Overseas IPO Weekly | Miniso Sprint IPO in Hong Kong, Shenzhen Microchip Technology applied for nasdaq listing

2022-05-23 0 By

Last week (March 28-April 3), three companies listed in Hong Kong and two in the US.During the period, no company through the Hong Kong stock Exchange hearing, no company to start offering.Last week, 12 companies filed forms with the Hong Kong Exchange and four with the US Securities and Exchange Commission.Last week, three companies — a utility company, a healthcare company and a consumer discretionary company — were listed on the Main board of the Hong Kong Stock Exchange.Ferrati, the first yacht listed in Hong Kong, closed down 0.13% on its debut on The main board of the Hong Kong Stock Exchange on March 31, becoming the first luxury yacht listed in Hong Kong.Ferretti closed down 0.13% on its first day of trading.As one of the oldest Italian luxury yacht manufacturers in the world, the Ferretti Group has been recognized as a leader in the global luxury yacht industry.The ipo was priced at HK $22.88 and raised A total of HK $1.91 billion assuming that the overallotment rights were not exercised and the international placement was 2.06 times oversubscribed.Cicc acted as the exclusive sponsor and the exclusive global coordinator.Tan Xuguang, chairman of Weichai Group and Chairman of Ferretti, said at the press conference for its listing in Hong Kong that the company would grasp global strategic opportunities, promote its internationalization strategy and further enhance its leading position in the global market after its listing.Ferretti is a recognized leader in the global luxury yacht industry and has been acquiring and integrating other leading yacht brands and production facilities since its establishment in 1968.Ferretti has established physical sales outlets in more than 70 countries and regions in Europe, Middle East and Africa, America and Asia Pacific.From 2018 to 2020 and the first nine months of 2021, the company’s revenue is 630 million euros, 680 million euros, 640 million euros and 690 million yuan respectively.In the same period, profits were 30.72 million euros, 26.6 million euros, 21.98 million euros and 32.09 million euros, respectively.On March 31, Licao Health & Lifestyle was officially listed in Hong Kong Stock Exchange, and its opening price was HK $4.55 on the first day of listing, 10.98% higher than the offer price of HK $4.1.At one point, the shares rose nearly 60 per cent to hk $6.55 before closing up 26.34 per cent.LHC is a leading and nationally renowned comprehensive property management service provider in Jiangxi Province. Its service network covers the Yangtze River Delta, the Greater Bay Area, bohai Rim and central China and other core areas with strategic significance.The earnings of the company increased from RMB 124 million in 2018 (the same below) to RMB 181 million in 2019, and further increased to RMB 222 million in 2020, with a CAGR of 33.5%.Revenue of the Company increased by 62.5% from RMB160 million for the nine months ended 30 September 2020 to RMB260 million for the same period of 2021.While maintaining a high rate of revenue growth, the profitability of Ligao Healthy Life continues to improve.From 2018 to the end of 2020 and the first nine months of 2021, Lico’s gross margins were 26.11 million yuan, 55.9 million yuan, 76.8 million yuan and 86.7 million yuan respectively, corresponding to gross margins of 21%, 30.9%, 34.7% and 33.3%, respectively.Last week, a total of 12 companies submitted prospectuses to the Hong Kong Stock Exchange, planning to list on the main board.By sector, four consumer discretionary companies, two financials, two health care companies, two telecommunications services companies, one utility company and one real estate company were among the 12 companies that submitted forms last week, according to the GICS Industry Classification 1.On March 29, Ximalaya Holdings submitted an application to be listed on the main board of The Hong Kong Stock Exchange (HKEX), which is its second submission after the listing application expired on September 13, 2021.Ximalaya is China’s largest online audio platform in terms of total listening time on mobile devices and total online audio revenue in 2021, according to the prospectus.Data shows that in 2021, the company’s mobile users spent 1.74 trillion minutes listening to the company’s audio content, accounting for 68.3% of the total time spent listening to the company’s audio content on mobile devices of all online audio platforms in China.In terms of online audio revenue, the company’s market share in China’s online audio industry is 28%.The company’s revenue comes from subscriptions, advertising, live streaming and other innovative products and services.The company’s revenue increased by 51.1% from RMB 2.698 billion in 2019 to RMB 4.076 billion in 2020, and further increased by 43.7% to RMB 5.857 billion in 2021.It is worth noting that the company has recorded losses for the year and may continue to do so in the future.The company recorded annual losses of $1.925 billion in 2019, $2.882 billion in 2020 and $5.106 billion in 2021.The company’s adjusted annual losses (as measured by non-IFRS) for 2019, 2020 and 2021 were $749 million, $539 million and $759 million respectively.Miniso submitted its listing application to the main board of the Hong Kong Stock Exchange on March 31, with Bank of America Securities, Haitong International and UBS as its co-sponsors.According to the Frost Sullivan Report, as of December 31, 2021, the company has the most extensive global store network in the private label integrated retail industry in terms of number of countries and regions of presence, with more than 5,000 Miniso stores worldwide and 3,100 miniso stores in China.There are about 1,900 Miniso stores overseas.As of December 31, 2021, the company has accumulated presence in about 100 countries and regions around the world.The company’s revenue for the fiscal years ended June 30, 2019, 2020 and 2021 and for the six months ended December 31, 2021 was approximately RMB9.395 billion, RMB8.979 billion, RMB9.072 billion, RMB4.370 billion and RMB5.427 billion, respectively.The profit loss of the company for the fiscal years ending on June 30, 2019, 2020 and 2021 is about 294 million YUAN, 260 million yuan and 1.429 billion yuan respectively.For the six months ended December 31, 2021, the company turned a loss into a profit, with a net profit of 339 million yuan.Citic Securities, Citigroup and Goldman Sachs are the co-sponsors of Vanke’s Vanke cloud To list on the main board of Hong Kong Stock Exchange on April 1.According to the prospectus, The company is a leading global space service provider in China and a unique service provider driven by the “troika” business system of community, business and urban space.Through AIoT and BPaaS solution services, it enables remote and hybrid operations in the space to improve the efficiency of the space service for customers.It was disclosed that from 2011 to 2021, the total revenue of All Things Cloud increased by more than 16 times, with a compound growth rate of more than 30%.In 2019, 2020 and 2021, the total revenue of the company is RMB 13.927 billion, RMB 18.146 billion and RMB 23.705 billion respectively.The annual profit increased from 1.04 billion yuan in 2019 to 1.519 billion yuan in 2020, and further increased to 1.714 billion yuan in 2021;Non-ifrs profit for the year increased from RMB1.153 billion in 2019 to RMB1.592 billion in 2020 and further to RMB1.888 billion in 2021.Last week, two companies — two industrial companies — went public in the US.Rail Vision, a Rail safety technology company, went public on Nasdaq On March 31 with an initial public offering priced at $4.13 per share. Each share consists of one common share and one warrant to purchase one common share, and is expected to generate gross proceeds of $15.6 million.Rail Vision closed 38.59 percent lower at $2.53 on its first day of trading.Rail Vision, founded in 2016 and headquartered in Israel, is a development stage technology company dedicated to revolutionizing Rail safety to save lives, improve efficiency, and significantly reduce costs for Rail operators.At present the company has developed a specially designed for railway based on artificial intelligence (AI) cutting-edge industry leading technology, the technology based on photoelectric sensor, artificial intelligence and deep learning, visual system can real-time detect orbit and orbit 2 kilometers along the orbit of the object, and in all weather and light conditions.Last week, four companies — a financial company, an energy company, a consumer discretionary company and an information technology company — filed prospectuses with the SECURITIES and Exchange Commission.Wuxin Technology Holdings, Inc.(” Wuxin Technology Holdings “), the substantial controlling shareholder of Shenzhen Semiconductor Technology Holding Group Co., LTD., formally submitted an IPO application to the SEC on April 1, intending to use “WXT” as the stock code.Apply to be listed on NASDAQ.Prime Number Capital is the lead underwriter of the NASDAQ IPO.The prospectus didn’t disclose the amount or price of the offering.According to the prospectus, Core Technology was founded in 2005 and headquartered in Shenzhen. As a high-tech enterprise from the Internet of Things industry, its core business is the research, development and sales of products and solutions related to the Internet of Things, which are used to connect all points in the Internet of Things ecosystem.Financially, Core reported revenue of $31.83 million and net profit of $4.17 million and $6.18 million in the 2020-2021 fiscal year ended June 30, respectively.As of 15 o ‘clock on April 6th, Beijing time, no company is expected to be listed in Hong Kong stock IPO this week (April 4th – April 10th), and one company is expected to be listed in THE US stock IPO.This article is from Capital State