Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02436 凌雄科技
Listing Date2022/11/24
Listing Price7.600
Subscription Result
  • Subscription Rate
  • Guarantee One Lot Size
    7 lot
  • One Lot Success Rate

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%.


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.


The Group customers primarily include companies principally engaged in e-commerce, software development, education and trainings, retails, manufacturing and outsourcing services in China.

MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaChina
Board Lot300
No. of Offer Shares53.26M shares
No. of International Offer Shares47.93M shares
No. of HK Offer Shares5.33M shares
Offer Price$7.60 - $8.74
Stock Code2436
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
Application PeriodNov 14 (Mon) - noon, Nov 17 (Thu)
Price Determination DateNov 17 (Thu)
Result Announcement DateOn or before Nov 23 (Wed)
Result Announcement DateOn or before Nov 23 (Wed)
Dealings in Shares commence onNov 24, 2022. (Thu)
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$7.60 - $8.74
Capitalization2.69B - 3.09B
NAV / share ($)--
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
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
IPO Calculator
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*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).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2023 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.