IT解決方案供應商博維智慧開始招股,你怎麼看?
Futu News, June 29th, this Wednesday$BOARDWARE INTEL (01204.HK)$Announcement: The company will conduct a listing from June 29 to July 5. The company plans to issue 0.125 billion shares, including 12.5 million shares for public offering and 0.1125 billion shares for international placement, with an issue price of 1.08-1.26 Hong Kong dollars per share. Each board lot consists of 2000 shares, and the listing is expected to take place on July 15.

The company is headquartered in Macau, China and is a leading company in the Macau market for IT solutions. In addition, the company is engaged in the distribution and resale of hardware and software.
The company's customer base includes globally renowned enterprises or institutions in the telecommunications, media and technology, gambling and hotel sectors, as well as government departments.
According to Frost Sullivan data, based on revenue, the company ranked first in Macau's IT solutions market in 2021, with a market share of 25.8%.
In terms of finance, in the fiscal years 2019-2021, the company achieved revenues of HKD 0.503 billion, HKD 0.475 billion, and HKD 0.534 billion respectively, with net profits of HKD 25.22 million, HKD 29.858 million, and HKD 24.003 million respectively.

In terms of the industry, driven by the increasing application of information technology and digitization across all industries in Macau, the IT solutions market grew from MOP 1.637 billion in 2016 to MOP 1.951 billion in 2019, with a compound annual growth rate of 6.03%.
Although the IT solution market in Macau experienced a decline in 2020 due to the outbreak of COVID-19, the market is expected to recover following Macau's continuous acceleration of business innovation and digital transformation. The market size is expected to increase from 1.931 billion Macau dollars in 2022 to 2.653 billion Macau dollars in 2026, with a compound annual growth rate of 8.3%.

Regarding cornerstone investors, multiple cornerstone investors have agreed to subscribe for the available shares at the offer price, totaling approximately 30 million Hong Kong dollars (assuming the offer price is 1.17 Hong Kong dollars per share, which is the median of the offering price range). One of the cornerstone investors is Mr. Wu Zaiquan.

In terms of the use of funds, the company will receive a net amount of 0.105 billion Hong Kong dollars from the global offering (assuming a price of 1.17 Hong Kong dollars per share, the median of the indicative price range). Among them, 30.4% will be used for the preliminary costs of two enterprise IT solutions projects (excluding employee costs); approximately 43.8% will be used to seize business opportunities in the Greater Bay Area, approximately 15.8% will be used to establish strategic partnerships with companies or enterprises with strong product innovation capabilities, expand the company's product development team, establish a research lab jointly with the University of Macau, and provide capital resources for research projects under the framework cooperation agreement signed with them on February 3, 2021, to enhance the company's product development capabilities; approximately 10.0% will be used for working capital and general corporate purposes.
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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