SAIMO
Listing Date | 2025/01/15 |
Listing Price | 12.990 |
- Subscription Rate2.66x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2025/01/15 |
Listing Price | 12.990 |
Beijing Saimo Technology Co., Ltd. is a technology company in the PRC focusing on intelligent connected vehicle (“ICV”) simulation testing technologies, and primarily engaged in the design and R&D of ICV simulation testing products and the provision of related testing, validation and evaluation solutions. The Group’s customers primarily include the governments and SOEs, and renowned automotive manufacturers and technology companies in the PRC.
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According to F&S, the Group is the largest market player in China’s ICV testing, validation and evaluation solutions industry with a market share of approximately 5.3% in terms of revenue in 2023, and the largest market player in China’s ICV simulation testing software and platforms market with a market share of approximately 5.9% in terms of revenue in 2023.
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The Group is one of the few market players in China to provide one-stop ICV testing, validation and evaluation solutions. Sim Pro and Safety Pro are the Group’s core technologies. A significant portion of the Group’s revenue was generated from the sale of its ICV simulation testing software and platforms and ICV data platforms and other products.
Market | Hong Kong (Main Board) |
Business Nature | Commercial & Professional Services |
Major Business Area | China |
Board Lot | 200 |
No. of Offer Shares | 33.33M H shares |
No. of International Offer Shares | 30.00M H shares |
No. of HK Offer Shares | 3.33M H shares |
Offer Price | $12.00 - $18.00 |
Stock Code | 2571 |
Sponsor(s) | CEB International Capital Corporation Limited |
Underwriter(s) | CEB International Capital Corporation Limited, CLSA Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMB International Capital Limited, ICBC International Securities Limited, CCB International Capital Limited, BOCOM International Securities Limited, SPDB International Capital Limited, Livermore Holdings Limited, China Sunrise Securities (International) Limited, Citrus Securities Limited, Aristo Securities Limited, SilkyWater Asset Management Limited, SBI China Capital Financial Services Limited |
Application Period | Dec 31 (Tue) - noon, Jan 10 (Fri) |
Price Determination Date | Jan 13 (Mon) |
Result Announcement Date | On or before Jan 14 (Tue) |
Result Announcement Date | On or before Jan 14 (Tue) |
Result Announcement Date | On or before Jan 15 (Wed) |
Dealings in Shares commence on | Jan 15, 2025. (Wed) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $12.00 - $18.00 |
Capitalization | 1.60B - 2.40B |
NAV / share ($) | $6.21 - $7.67 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 15, the net proceeds raised would be HKD 427.90M, of which |
62.2% : Ongoing R&D investment to enhance technological capabilities and enhance key technological competitiveness |
27.8% : Geographic expansion and marketing of products and services |
10% : Working capital |
15/01/2025 16:08 |
{New Stock}SAIMO(02571) ends up 1.46% at HK$13.18 |
15/01/2025 09:20 |
{New Stock}SAIMO(02571) opens up 2.39% at HK$13.3 |
14/01/2025 18:35 |
{New Stock}SAIMO ends up 0.39% at HK$13.04 on grey market |
14/01/2025 16:20 |
{New Stock}SAIMO(02571) up 0.23% at HK$13.02 on grey market |
Prospectus | Chinese Version | 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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