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IPO Detail
02571 賽目科技
SAIMO
Listing Date2025/01/15
Listing Price12.990
 
Quote
Subscription Result
  • Subscription Rate
    2.66x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

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.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureCommercial & Professional Services
Major Business AreaChina
Board Lot200
GLOBAL OFFERING
No. of Offer Shares33.33M H shares
No. of International Offer Shares30.00M H shares
No. of HK Offer Shares3.33M H shares
Offer Price$12.00 - $18.00
Stock Code2571
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
TIME TABLE
Application PeriodDec 31 (Tue) - noon, Jan 10 (Fri)
Price Determination DateJan 13 (Mon)
Result Announcement DateOn or before Jan 14 (Tue)
Result Announcement DateOn or before Jan 14 (Tue)
Result Announcement DateOn or before Jan 15 (Wed)
Dealings in Shares commence onJan 15, 2025. (Wed)
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$12.00 - $18.00
Capitalization1.60B - 2.40B
NAV / share ($)$6.21 - $7.67 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
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
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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