According to Futu News on September 25th, $TUHU-W (09690.HK)$According to the announcement, the company issued about 42.4448 million shares, priced at HK$28 per share, and 100 shares per lot. It is expected to be listed on September 26.
Sale Overview
In the public offering phase, Touhu-W received about 2.67 times more subscriptions, and the final number of shares to be sold was 4.244,500 shares, accounting for about 10% of the total number of shares sold (before any overallotment rights were exercised). A total of 9305 valid applications were received, with a first-hand winning rate of 100%, and each subscription was stable.
Furthermore, the international offering was slightly oversubscribed, and the final number of shares offered was approximately 38.203 million shares, equivalent to about 90% of the total number of shares offered (before any over-allotment rights were exercised). The relevant data compiled by Futu Information is as follows:
Company Overview
Touhu-W is one of China's leading online and offline integrated car service platforms. As of March 31, 2023, its flagship app “Tour Rover Car Maintenance” and online interface had about 100 million registered users. In the last 12 months ended March 31, 2023, the company had 17.1 million trading users, an increase of 9.9% over 15.5 million in the same period ended March 31, 2022.
According to the Insight Advisory Report, in the three months ending March 31, 2023, Tourover's average monthly active users reached 10.2 million, and its platform became a gathering of Chinese auto service providers...