02420 子不語
ZIBUYU
ZIBUYU
| Listing Date | 2022/11/11 |
| Listing Price | 7.860 |
Quote
Subscription Result
- Subscription Rate1.91x
- Guarantee One Lot Size2 lot
- One Lot Success Rate50.16%
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IPO Detail
COMPANY PROFILE
Zibuyu Group is one of the largest cross-border e-commerce companies in China focusing on the sale of apparel and footwear products through third-party e-commerce platforms. According to Frost & Sullivan, it ranked third amongst all platform-based sellers in China’s cross-border e-commerce export B2C apparel and footwear market in terms of GMV in 2021, holding a market share of 0.4% in the RMB596.5 billion market. In addition, it ranked first in terms of GMV generated through North America amongst all platform-based sellers in China’s cross-border e-commerce export B2C apparel and footwear market in 2021, holding a market share of 0.7% in the RMB303.0 billion market.
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Since its inception in 2011, the Group have been primarily focusing on the sale of a wide range of self-designed apparel, footwear and other products worldwide. Its products are sold through major third-party e-commerce platforms and its self-operated online stores to customers located in over 80% of the countries and regions globally, including among others, the United States, Germany and France, of which the United States is its major markets. It primarily target female customers aging from 18 to 45 years.
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The Group sales channels consisted of Amazon, Wish, other third-party e-commerce platforms such as eBay and AliExpress, and its self-operated online stores.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Textiles & Clothing & Accessories |
| Major Business Area | USA |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 29.25M shares |
| No. of International Offer Shares | 26.33M shares |
| No. of HK Offer Shares | 2.93M shares |
| Offer Price | $7.86 - $9.42 |
| Stock Code | 2420 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, ABCI Capital Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, ABCI Securities Company Limited, Guotai Junan Securities (Hong Kong) Limited, Shenwan Hongyuan Securities (H.K.) Limited, BOCOM International Securities Limited, Futu Securities International (Hong Kong) Limited, Victory Securities Company Limited |
TIME TABLE
| Application Period | Oct 31 (Mon) - noon, Nov 04 (Fri) |
| Price Determination Date | Nov 04 (Fri) |
| Result Announcement Date | On or before Nov 10 (Thu) |
| Result Announcement Date | On or before Nov 10 (Thu) |
| Dealings in Shares commence on | Nov 11, 2022. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $7.86 - $9.42 |
| Capitalization | 3.93B - 4.71B |
| NAV / share ($) | $1.58 - $1.67 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 8.64, the net proceeds raised would be HKD 219.40M, of which |
| 37.5% : Enhance sales and branding capabilities |
| 28.6% : Enhance supply chain management system |
| 23.3% : Establish large-scale independent selfoperated online stores |
| 5.3% : Enhance product research and development capabilities |
| 5.3% : Enhance IT system |
IPO NEWS
| 11/11/2022 16:09 |
| {New Stock}ZIBUYU(02420) ends up 5.47% at HK$8.29 |
| 11/11/2022 09:20 |
| {New Stock}ZIBUYU(02420) opens up 6.36% at HK$8.36 |
| 10/11/2022 18:35 |
| {New Stock}ZIBUYU ends up 8.14% at HK$8.5 on grey market |
| 10/11/2022 16:20 |
| {New Stock}ZIBUYU(02420) up 5.09% at HK$8.26 on grey market |
Related Document
| 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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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).