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IPO Detail
02429 友寶在線
UBOX ONLINE
Listing Date2023/11/03
Listing Price10.350
 
Quote
Subscription Result
  • Subscription Rate
    11.29x
  • Guarantee One Lot Size
    12 lot
  • One Lot Success Rate
    15.02%
COMPANY PROFILE

Beijing UBOX Online Technology Corp. is a vending machine operator in mainland China with a 7.6% market share in terms of GMV in 2022. It ranked first in terms of both total transaction GMV and network scale in the unmanned retail industry, primarily consisting of vending machines, unmanned stores and unmanned shelves, in mainland China.

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For over a decade since its founding, the Group have rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. As of June 30, 2023, it had a network of 61,888 Ubox POSs for vending machines across 157 cities and 28 provincial-level administrative regions in mainland China, 87.3% of which were concentrated in tier one, new tier one and tier two cities.

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The Group generated profit from Unmanned retail business to digitalize and automate retail sales of FMCG in a wide range of consumption scenarios through vending machines; offer advertisers with digital advertising services that drive consumer traffic and sales; and Merchandise wholesale.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureRetailers
Major Business AreaChina
Board Lot500
GLOBAL OFFERING
No. of Offer Shares22.58M H shares
No. of International Offer Shares20.32M H shares
No. of HK Offer Shares2.26M H shares
Offer Price$9.40 - $11.40
Stock Code2429
Sponsor(s)China Securities (International) Corporate Finance Company Limited, Huatai Financial Holdings (Hong Kong) Limited
Underwriter(s)Huatai Financial Holdings (Hong Kong) Limited, China Securities (International) Corporate Finance Company Limited, Valuable Capital Limited, ABCI Securities Company Limited, CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMB International Capital Limited, ICBC International Securities Limited, Livermore Holdings Limited
TIME TABLE
Application PeriodOct 24 (Tue) - noon, Oct 27 (Fri)
Price Determination DateOct 27 (Fri)
Result Announcement DateOn or before Nov 02 (Thu)
Result Announcement DateOn or before Nov 02 (Thu)
Result Announcement DateOn or before Nov 02 (Thu)
Dealings in Shares commence onNov 03, 2023. (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$9.40 - $11.40
Capitalization (H Shares)5.99B - 7.26B
NAV / share ($)$1.33 - $1.38 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 10.40, the net proceeds raised would be HKD 155.90M, of which
80% : Expanding the coverage and penetration of POS network in tier one, new tier one, tier two and tier three cities in mainland China
5% : Developing operation capabilities and enhancing warehouse inventory management capabilities
7% : Enhancing technologies in hardware upgrade, software enhancement and recruitment of talents;
8% : 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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