
360 DIGITECH-S
Listing Date | 2022/11/29 |
Listing Price | 50.030 |
- Subscription Rate2.46x
- Guarantee One Lot Size2 lot
- One Lot Success Rate70.02%
Listing Date | 2022/11/29 |
Listing Price | 50.030 |
360 DigiTech, Inc. is a Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services, with 360 Jietiao app as primary user interface.
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The Group is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, and help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multichannels, enhance credit assessment on prospective borrowers, and manage credit risks. With a focus on the consumer Credit-Tech market, the Group have been gradually expanding its services to the SME Credit-Tech market.
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As of June 30, 2022, the Group had cumulatively facilitated approximately RMB1,127.5 billion (US$168.3 billion) of loans to 25.6 million borrowers. It had worked with 56 financial institution partners under the capital-light model, cumulatively.
Market | Hong Kong (Main Board) |
Business Nature | Other Financials |
Major Business Area | China |
Board Lot | 50 |
No. of Offer Shares | 5.54M shares |
No. of International Offer Shares | 4.98M shares |
No. of HK Offer Shares | 0.56M shares |
Offer Price | $88.80 |
Stock Code | 3660 |
Sponsor(s) | Citigroup Global Markets Asia Limited, China International Capital Corporation Hong Kong Securities Limited |
Underwriter(s) | Citigroup Global Markets Asia Limited, China International Capital Corporation Hong Kong Securities Limited, CCB International Capital Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited |
Application Period | Nov 18 (Fri) - noon, Nov 23 (Wed) |
Price Determination Date | Nov 23 (Wed) |
Result Announcement Date | On or before Nov 28 (Mon) |
Result Announcement Date | On or before Nov 28 (Mon) |
Dealings in Shares commence on | Nov 29, 2022. (Tue) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $88.80 |
Capitalization | 28.20B |
NAV / share ($) | -- |
Assuming the offer price being at HKD 88.8, the net proceeds raised would be HKD 364.60M, of which |
50% : Research and development to enhance technology and credit assessment capabilities, |
40% : Further penetrating the Credit-Tech Industry and expanding user base |
10% : General corporate purposes and working capital needs |
29/11/2022 16:08 |
{New Stock}360 DIGITECH-S(03660) ends up 3.44% at HK$51.75 |
29/11/2022 09:20 |
{New Stock}360 DIGITECH-S(03660) opens up 1.14% at HK$50.6 |
28/11/2022 18:35 |
{New Stock}360 DIGITECH-S ends up 0.84% on grey market |
28/11/2022 16:20 |
{New Stock}360 DIGITECH-S up 3.94% at HK$52 on grey market |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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