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IPO Detail
02431 佑駕創新
MINIEYE
Listing Date2024/12/27    Listing in 3 Days
Listing Price17.000
Grey Market Performance
Last updated: 24/12/2024 19:59  Refresh
  • Bright Smart
    up 18.980 +1.980 (+11.647%)
    High
    19.000
     
    Low
    17.000
    Volume
    6,600
    One Lot Profit
    +396.00
  • Phillip
    up 18.660 +1.660 (+9.765%)
    High
    19.000
     
    Low
    17.520
    Volume
    774,000
    One Lot Profit
    +332.00
  • Futu
    up 18.300 +1.300 (+7.647%)
    High
    20.000
     
    Low
    17.020
    Volume
    1,246,800
    One Lot Profit
    +260.00
  • Bid
  • Ask
  • 18.980
  • (1) 800
  • 200 (1)
  • 20.000
  • 18.960
  • (0) 0
  • 0 (0)
  • 20.050
  • 18.940
  • (0) 0
  • 0 (0)
  • 20.100
  • 18.920
  • (0) 0
  • 0 (0)
  • 20.150
  • 18.900
  • (0) 0
  • 0 (0)
  • 20.200
  • 18.880
  • (0) 0
  • 0 (0)
  • 20.250
  • 18.860
  • (0) 0
  • 0 (0)
  • 20.300
  • 18.840
  • (0) 0
  • 0 (0)
  • 20.350
  • 18.820
  • (0) 0
  • 0 (0)
  • 20.400
  • 18.800
  • (1) 1K
  • 0 (0)
  • 20.450
  • Bid
  • Ask
  • 18.640
  • (1) 2K
  • 600 (3)
  • 18.660
  •  
  • (5) 2.4K
  • 600 (3)
  •  
  •  
  • (0) 0
  • 1.4K (6)
  •  
  •  
  • (0) 0
  • 0 (0)
  •  
  •  
  • (0) 0
  • 0 (0)
  •  
 
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COMPANY PROFILE

Minieye Technology Co., Ltd. is an intelligent driving and cabin solutions provider in China, offering solutions for critical aspects of the driving experience, including piloting, parking and in-cabin functions. Intelligent driving solutions are the core and foundation of the Group’s business.

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The Group provides Level 0 to Level 2 intelligent driving solutions that are in-house developed and proven by mass production, and it have also been proactively developing more advanced autonomous driving technologies. As of December 10, 2024, the Group had accumulatively undertaken mass production for 35 automotive original equipment manufacturers (OEMs).

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In terms of revenue from Level 0 to Level 2 solutions in 2023, the Group’s market share among domestic and all intelligent driving solutions providers in China was 3.2% and 0.6%, respectively, according to CIC. The Group’s customers primarily consist of OEMs and tier-one suppliers, the majority of which are located in the PRC.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureAutomobiles
Major Business AreaChina
Board Lot200
GLOBAL OFFERING
No. of Offer Shares39.19M H shares
No. of International Offer Shares35.27M H shares
No. of HK Offer Shares3.92M H shares
Offer Price$17.00 - $20.20
Stock Code2431
Sponsor(s)CITIC Securities (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)CLSA Limited, China International Capital Corporation Hong Kong Securities Limited, SBI China Capital Financial Services Limited, SDICS International Securities (Hong Kong) Limited, Long Bridge HK Limited, ABCI Securities Company Limited, BOCI Asia Limited, CMBC Securities Company Limited, Fosun International Securities Limited, Futu Securities International (Hong Kong) Limited, Patrons Securities Limited, Phillip Securities (Hong Kong) Limited, Shenwan Hongyuan Securities (H.K.) Limited, SPDB International Capital Limited, Tiger Brokers (HK) Global Limited, TradeGo Markets Limited
TIME TABLE
Application PeriodDec 17 (Tue) - noon, Dec 20 (Fri)
Price Determination DateDec 23 (Mon)
Result Announcement DateOn or before Dec 24 (Tue)
Result Announcement DateOn or before Dec 24 (Tue)
Result Announcement DateOn or before Dec 27 (Fri)
Dealings in Shares commence onDec 27, 2024. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$17.00 - $20.20
Capitalization (H Shares)5.26B - 6.25B
NAV / share ($)$3.23 - $3.54 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 18.6, the net proceeds raised would be HKD 665.90M, of which
40% : Enhancing R&D capabilities as well as recruiting and retaining relevant R&D talents
30% : Increasing production efficiency and solution competitiveness
20% : Reinforcing sales and marketing capabilities
10% : Working capital
IPO NEWS
24/12/2024 16:35
{New Stock}MINIEYE ends up 8.24% at HK$18.4 on grey market
Related Document
Prospectus Prospectus  Chinese VersionProspectus  English Version
Remark： The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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