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2026 IPO bonanza! Over 90% of new stocks rose on their debut
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joined discussion · Feb 3 08:46

IPO Pricing | Eastroc Beverage debuts today with 57.46 times subscription, priced at HKD 248 per share, and a 15% chance of receiving one lot

Futu News reported on February 3 that $EASTROC (09980.HK)$ The allotment results were announced, with the share price set at HKD 248. A total of 40.8899 million shares were issued, with each lot consisting of 100 shares. The company is officially listed today.
During the public offering phase, Dongpeng Beverages received 57.46 times subscription, with the final number of shares offered to the public being 4.089 million shares, accounting for approximately 10% of the total shares offered. A total of about 66,692 valid applications were received, with approximately 20,113 applications processed. The approximate percentage of shares allocated to applicants who subscribed for one lot out of the total applied shares was 15%.
In addition, during the international placement phase, Dongpeng Beverages received 15.60 times subscription, with the final number of shares in the international offering being 36.1303 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below:
Futu News reported on February 3 that $EASTROC (09980.HK)$ The allotment results were announced, with the share price set at HKD 248. A total of 40.8899 million shares were issued, with each lot consisting of 100 shares. The company is officially listed today. During the public offering phase, Dongpeng Beverages received 57.46 times subscription, with the final number of shares offered to the public being 4.089 million shares, accounting for approximately 10% of the total shares offered. A total of about 66,692 valid applications were received, with approximately 20,113 applications processed. The approximate percentage of shares allocated to applicants who subscribed for one lot out of the total applied shares was 15%. In addition, during the international placement phase, Dongpeng Beverages received 15.60 times subscription, with the final number of shares in the international offering being 36.1303 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview The company is the leading functional beverage enterprise in China, with revenue growth ranking first among the top 20 publicly-listed soft drink companies globally. According to a Frost & Sullivan report, measured by sales volume, the company has ranked first in China's functional beverage market for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024. In terms of retail value, it was the second-largest functional beverage company in 2024, holding a 23.0% market share, further solidifying its leading position. The company has always been committed to energizing a healthy and beautiful life for consumers globally. After years of...
Futu News reported on February 3 that $EASTROC (09980.HK)$ The allotment results were announced, with the share price set at HKD 248. A total of 40.8899 million shares were issued, with each lot consisting of 100 shares. The company is officially listed today. During the public offering phase, Dongpeng Beverages received 57.46 times subscription, with the final number of shares offered to the public being 4.089 million shares, accounting for approximately 10% of the total shares offered. A total of about 66,692 valid applications were received, with approximately 20,113 applications processed. The approximate percentage of shares allocated to applicants who subscribed for one lot out of the total applied shares was 15%. In addition, during the international placement phase, Dongpeng Beverages received 15.60 times subscription, with the final number of shares in the international offering being 36.1303 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview The company is the leading functional beverage enterprise in China, with revenue growth ranking first among the top 20 publicly-listed soft drink companies globally. According to a Frost & Sullivan report, measured by sales volume, the company has ranked first in China's functional beverage market for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024. In terms of retail value, it was the second-largest functional beverage company in 2024, holding a 23.0% market share, further solidifying its leading position. The company has always been committed to energizing a healthy and beautiful life for consumers globally. After years of...
Company Overview
The company is the leading functional beverage enterprise in China, with revenue growth ranking first among the top 20 publicly-listed soft drink companies globally. According to a Frost & Sullivan report, measured by sales volume, the company has ranked first in China's functional beverage market for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024. In terms of retail value, it was the second-largest functional beverage company in 2024, holding a 23.0% market share, further solidifying its leading position.
The company has always been committed to energizing healthy and beautiful lifestyles for global consumers. After over 30 years of dedication, the company has continuously provided consumers with tasty and cost-effective beverage products, successfully building the beloved "Dongpeng" brand, which has gained national-level influence. The brand proposition, "Tired? Sleepy? Drink Dongpeng Special Beverage," has resonated deeply with consumers, making "Dongpeng Special Beverage" the primary association for the "energy replenishment" scenario in consumers' minds. While reinforcing its leadership in the functional beverage industry, the company has also continued to innovate and iterate products, expanding into diversified product categories, laying a foundation for long-term development.
Financial Overview
The company's revenue increased from RMB 8,500.0 million in 2022 to RMB 15,830.3 million in 2024, with a compound annual growth rate of 36.5% from 2022 to 2024. Revenue for the nine months ended September 30, 2024, grew by 34.1% from RMB 12,551.9 million to RMB 16,837.6 million in the same period in 2025.
For the nine months ended September 30, 2022, 2023, 2024, and 2025, the company recorded gross profits of RMB 3,532.0 million, RMB 4,760.8 million, RMB 6,983.3 million, and RMB 7,477.5 million, respectively, with corresponding gross profit margins of 41.6%, 42.3%, 44.1%, and 44.4%.
Futu News reported on February 3 that $EASTROC (09980.HK)$ The allotment results were announced, with the share price set at HKD 248. A total of 40.8899 million shares were issued, with each lot consisting of 100 shares. The company is officially listed today. During the public offering phase, Dongpeng Beverages received 57.46 times subscription, with the final number of shares offered to the public being 4.089 million shares, accounting for approximately 10% of the total shares offered. A total of about 66,692 valid applications were received, with approximately 20,113 applications processed. The approximate percentage of shares allocated to applicants who subscribed for one lot out of the total applied shares was 15%. In addition, during the international placement phase, Dongpeng Beverages received 15.60 times subscription, with the final number of shares in the international offering being 36.1303 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview The company is the leading functional beverage enterprise in China, with revenue growth ranking first among the top 20 publicly-listed soft drink companies globally. According to a Frost & Sullivan report, measured by sales volume, the company has ranked first in China's functional beverage market for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024. In terms of retail value, it was the second-largest functional beverage company in 2024, holding a 23.0% market share, further solidifying its leading position. The company has always been committed to energizing a healthy and beautiful life for consumers globally. After years of...
Use of Proceeds
In terms of capital raising purposes, Dongpeng Beverages expects to raise net proceeds of approximately HKD 9.994 billion from the global offering (based on the offering price of HKD 248). According to the prospectus, Dongpeng Beverages plans to use the proceeds from the global offering for the following purposes:
Approximately 36.0% will be used to improve production capacity layout and advance supply chain upgrades over the next three to five years, meeting the company’s rapid growth needs while continuously enhancing production and supply efficiency and reinforcing cost advantages; about 15.0% will be allocated to strengthening brand building and consumer engagement over the next three to five years, continuously enhancing brand influence; approximately 11.0% will be used to continue advancing the nationwide strategy over the next three to five years, expanding, deepening, and refining channel network operations; around 12.0% will be directed toward expanding overseas market business and exploring potential investments andMergers and acquisitionsopportunities; approximately 10.0% will be utilized to strengthen digitalization across various business processes over the next three to five years; about 6.0% will be dedicated to enhancing the company’s product development capabilities and continuing to expand product categories over the next three to five years; around 10.0% will be used for working capital and general corporate purposes.
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Futu News reported on February 3 that $EASTROC (09980.HK)$ The allotment results were announced, with the share price set at HKD 248. A total of 40.8899 million shares were issued, with each lot consisting of 100 shares. The company is officially listed today. During the public offering phase, Dongpeng Beverages received 57.46 times subscription, with the final number of shares offered to the public being 4.089 million shares, accounting for approximately 10% of the total shares offered. A total of about 66,692 valid applications were received, with approximately 20,113 applications processed. The approximate percentage of shares allocated to applicants who subscribed for one lot out of the total applied shares was 15%. In addition, during the international placement phase, Dongpeng Beverages received 15.60 times subscription, with the final number of shares in the international offering being 36.1303 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview The company is the leading functional beverage enterprise in China, with revenue growth ranking first among the top 20 publicly-listed soft drink companies globally. According to a Frost & Sullivan report, measured by sales volume, the company has ranked first in China's functional beverage market for four consecutive years since 2021, with its market share increasing from 15.0% in 2021 to 26.3% in 2024. In terms of retail value, it was the second-largest functional beverage company in 2024, holding a 23.0% market share, further solidifying its leading position. The company has always been committed to energizing a healthy and beautiful life for consumers globally. After years of...
Editor/Joe
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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