UBOX ONLINE
Listing Date | 2023/11/03 |
Listing Price | 10.350 |
- Subscription Rate11.29x
- Guarantee One Lot Size12 lot
- One Lot Success Rate15.02%
Listing Date | 2023/11/03 |
Listing Price | 10.350 |
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.
Market | Hong Kong (Main Board) |
Business Nature | Retailers |
Major Business Area | China |
Board Lot | 500 |
No. of Offer Shares | 22.58M H shares |
No. of International Offer Shares | 20.32M H shares |
No. of HK Offer Shares | 2.26M H shares |
Offer Price | $9.40 - $11.40 |
Stock Code | 2429 |
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 |
Application Period | Oct 24 (Tue) - noon, Oct 27 (Fri) |
Price Determination Date | Oct 27 (Fri) |
Result Announcement Date | On or before Nov 02 (Thu) |
Result Announcement Date | On or before Nov 02 (Thu) |
Result Announcement Date | On or before Nov 02 (Thu) |
Dealings in Shares commence on | Nov 03, 2023. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
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) |
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 |
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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