02436 凌雄科技
LX TECHNOLOGY
LX TECHNOLOGY
| Listing Date | 2022/11/24 |
| Listing Price | 7.600 |
Subscription Result
- Subscription Rate6.16x
- Guarantee One Lot Size7 lot
- One Lot Success Rate30%
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IPO Detail
COMPANY PROFILE
LX Technology Group Ltd. principally engages in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of device and IT technical subscription services to SMEs in China, as a DLM (device lifecycle management) solution provider. In 2021, its revenue accounted for a market share of approximately 3.9%.
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For the period between 2019 to June 30, 2022, the Group revenue from DLM solutions was primarily generated from device recycling business, contributing over 60% of revenue. The device recycling business provides a stable source of de-commissioned devices, which will either be used for device subscription business or be sold via its proprietary quotation platform or e-commerce platforms; and device and IT technical subscription services, contributing the rest of revenue. As of June 30, 2022, the number of registered corporate customers were who were also its device subscription customers amounted to 6611.
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The Group customers primarily include companies principally engaged in e-commerce, software development, education and trainings, retails, manufacturing and outsourcing services in China.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | China |
| Board Lot | 300 |
GLOBAL OFFERING
| No. of Offer Shares | 53.26M shares |
| No. of International Offer Shares | 47.93M shares |
| No. of HK Offer Shares | 5.33M shares |
| Offer Price | $7.60 - $8.74 |
| Stock Code | 2436 |
| Sponsor(s) | Haitong International Capital Limited |
| Underwriter(s) | Haitong International Securities Company Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Dragonstone Capital Management Limited, Sinomax Securities Limited, Maxa Capital Limited, SDHG International Securities Limited |
TIME TABLE
| Application Period | Nov 14 (Mon) - noon, Nov 17 (Thu) |
| Price Determination Date | Nov 17 (Thu) |
| Result Announcement Date | On or before Nov 23 (Wed) |
| Result Announcement Date | On or before Nov 23 (Wed) |
| Dealings in Shares commence on | Nov 24, 2022. (Thu) |
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 | $7.60 - $8.74 |
| Capitalization | 2.69B - 3.09B |
| NAV / share ($) | -- |
Use Of Proceeds
| Assuming the offer price being at HKD 8.17, the net proceeds raised would be HKD 366.40M, of which |
| 45% : Used to improve customer experience |
| 25% : Used to expand customer base and market share in targeted markets |
| 15% : used for system upgrade and product development |
| 5% : Used to strengthen risk management capabilities |
| 10% : Working capital |
IPO NEWS
| 24/11/2022 16:08 |
| {New Stock}LX TECHNOLOGY(02436) ends up 2.63% at HK$7.8 |
| 24/11/2022 09:20 |
| {New Stock}LX TECHNOLOGY(02436) opens up 3.95% at HK$7.9 |
| 23/11/2022 18:35 |
| {New Stock}LX TECHNOLOGY(02436) ends up 3.95% on grey market |
| 23/11/2022 16:20 |
| {New Stock}LX TECHNOLOGY up 1.32% at HK$7.7 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).