Futu News, June 30th: Thursday of this week. $NOAH HOLDINGS (06686.HK)$Announced that the subscription will be from June 30th to July 6th, the company plans to issue 1.1 million shares, including 0.11 million shares for public offering and 0.99 million shares for international offering, with an issue price not exceeding 307 Hong Kong dollars per share, in lots of 20 shares, and is expected to be listed on July 13th.
The company is a leading high-net-worth wealth management service provider in China with global asset management capabilities. According to Frost & Sullivan data, based on total revenue in 2021, the company is the eighth largest wealth management service provider in China (with a market share of approximately 3.7% in the high-net-worth wealth management service market in China) and also the largest independent wealth management service provider in China (with a market share of approximately 21.5% in the independent high-net-worth wealth management service market in China).
The company operates in 84 cities in mainland China as well as in Hong Kong, Taiwan, New York, Silicon Valley, and Singapore. In 2021, the company's domestic and overseas businesses accounted for 76.6% and 23.4% of total revenue, respectively.
Through a global network of over 1,300 financial planners, the company distributed RMB 97.2 billion ($15.3 billion) of investment products to 42,764 clients in 2021, an increase of 25.0% from 34,213 clients in 2020. As of December 31, 2021, the asset management scale reached RMB 156 billion ($24...