According to Futu News on November 2, $UBOX ONLINE (02429.HK)$According to the announcement, the company will issue approximately 22.5765 million shares, priced at HK$10.35 per share, and 500 shares per lot. It is expected to be listed on November 3.
Sale Overview
At the public sale stage, Youbao Online was subscribed about 11.29 times. The final number of shares distributed to the public sale was 2.258 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 1,778 valid applications were received. The first-hand winning rate was 15.02%, and the 12-lot subscription was stable.
Furthermore, the international offering was slightly oversubscribed. The final number of shares offered was approximately 203.18,500 shares, equivalent to about 90% of the total number of shares offered (before any overallotment rights were exercised). Futu Information collates relevant data in the following table:
Company Overview
Youbao Online is a vending machine operator in mainland China, accounting for 7.6% of the market share based on total products in 2022. The company is committed to deepening the unmanned retail industry in mainland China (a segment of the retail industry), and has established digital and operational capabilities, covering product procurement, logistics and inventory management. Its main businesses are: (i) unmanned retail business; (ii) advertising and system support services; (iii) wholesale of goods; (iv) vending machine sales and leasing; and (v) others.
Through its wide range of points of sale (or “points”), Youbao Online...