Futu news, June 14th, announced that this Monday $GOGOX (02246.HK)$Announced that it will solicit shares from June 14th to June 17th, the company plans to issue 31.2 million shares, including 3.12 million shares for public offering and 28.08 million shares for international offering. The issue price is 21.50 Hong Kong dollars per share, with 200 shares per hand, expected to be listed on June 24.
Company Overview
The prospectus shows that Kuaigoudache is the leading online intra-city logistics platform in Asia, operating in more than 340 cities in five countries and regions in Asia (mainland China, Hong Kong, Singapore, South Korea, and India). It owns and operates two highly recognized and trusted brands: Kuaigoudache in mainland China and GOGOX in other countries and regions in Asia.
According to data from Frost & Sullivan, based on the total transaction volume in 2021,Kuaigou Dache is the third largest online intra-city logistics platform in mainland China with a market share of 3.2%; it is also the market leader in Hong Kong with a market share of 50.9%.According to the same data source, based on the total transaction volume in 2021, mainland China and Hong Kong together account for approximately 71% of the online intra-city logistics market in Asia.
Kuaigou Dache has established a dynamic ecosystem consisting of millions of consignors and drivers. As of December 31, 2018, 2019, 2020, and 2021, Kuaigou Dache had approximately 14.5 million, 19.8 million, 24 million...