English
Back
Open Account
讀書郎公佈配售結果，你中籤了嗎？
牛牛新股君
joined discussion · Jul 11, 2022 08:22 ·

IPO Pricing | Reading Lang was subscribed 1.73 times, priced at HK$7.6 per share

Futu News, July 11th, this Monday$READBOY (02385.HK)$An announcement was issued. The company will issue 52 million shares, priced at HK$7.6 per share, and 400 shares per lot. It is expected to be listed on July 12.

During the public sale phase, Doshulang was subscribed 1.73 times, and the final number of shares offered up to the public sale was 5.2 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 2,683 valid applications were received, and the first-hand winning rate was 100%.
Furthermore, the international offering has been oversubscribed. The final number of shares offered was 46.8 million shares, which is equivalent to approximately 90% of the total number of shares offered (before any overallotment rights are exercised). Futu Information collates the relevant data in the following table:
Futu News, July 11th, this Monday$READBOY (02385.HK)$An announcement was issued. The company will issue 52 million shares, priced at HK$7.6 per share, and 400 shares per lot. It is expected to be listed on July 12. During the public sale phase, Doshulang was subscribed 1.73 times, and the final number of shares offered up to the public sale was 5.2 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 2,683 valid applications were received, and the first-hand winning rate was 100%. Furthermore, the international offering has been oversubscribed. The final number of shares offered was 46.8 million shares, which is equivalent to approximately 90% of the total number of shares offered (before any overallotment rights are exercised). Futu Information collates the relevant data in the following table: The company is an intelligent learning equipment service provider in China, focusing on the design, development, manufacture and sale of intelligent learning devices embedded in digital teaching aids for primary and secondary school students, their parents and school teachers in China. The company has become a technology-enabled smart learning equipment service provider with mature educational products and services in China. According to the Frost & Sullivan report, in 2021, in terms of total retail market value, the company ranked second among smart learning equipment service providers in China, while in terms of total equipment shipments, the company ranked fifth among smart learning equipment service providers in China. The Doshulang brand has become a famous educational technology brand in China. As of the last practical date, the company's note...
The company is an intelligent learning equipment service provider in China, focusing on the design, development, manufacture and sale of intelligent learning devices embedded in digital teaching aids for primary and secondary school students, their parents and school teachers in China. The company has become a technology-enabled smart learning equipment service provider with mature educational products and services in China.
According to the Frost & Sullivan report, in 2021, in terms of total retail market value, the company ranked second among smart learning equipment service providers in China, while in terms of total equipment shipments, the company ranked fifth among smart learning equipment service providers in China. The Doshulang brand has become a famous educational technology brand in China. As of the last practical date, the company has accumulated more than 5.5 million registered users, while as of May 2022, the average number of monthly active users over the past 12 months was over 1.4 million.
In terms of financial conditions, the company's revenue from 2019 to 2021 was 0.67 billion yuan, 0.734 billion yuan, and 0.813 billion yuan respectively. The compound growth rate over the past three years was 10.16%, and net profit was 69.435 million yuan, 92.013 million yuan, and 82.146 million yuan, respectively.
Futu News, July 11th, this Monday$READBOY (02385.HK)$An announcement was issued. The company will issue 52 million shares, priced at HK$7.6 per share, and 400 shares per lot. It is expected to be listed on July 12. During the public sale phase, Doshulang was subscribed 1.73 times, and the final number of shares offered up to the public sale was 5.2 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 2,683 valid applications were received, and the first-hand winning rate was 100%. Furthermore, the international offering has been oversubscribed. The final number of shares offered was 46.8 million shares, which is equivalent to approximately 90% of the total number of shares offered (before any overallotment rights are exercised). Futu Information collates the relevant data in the following table: The company is an intelligent learning equipment service provider in China, focusing on the design, development, manufacture and sale of intelligent learning devices embedded in digital teaching aids for primary and secondary school students, their parents and school teachers in China. The company has become a technology-enabled smart learning equipment service provider with mature educational products and services in China. According to the Frost & Sullivan report, in 2021, in terms of total retail market value, the company ranked second among smart learning equipment service providers in China, while in terms of total equipment shipments, the company ranked fifth among smart learning equipment service providers in China. The Doshulang brand has become a famous educational technology brand in China. As of the last practical date, the company's note...
Futu News, July 11th, this Monday$READBOY (02385.HK)$An announcement was issued. The company will issue 52 million shares, priced at HK$7.6 per share, and 400 shares per lot. It is expected to be listed on July 12. During the public sale phase, Doshulang was subscribed 1.73 times, and the final number of shares offered up to the public sale was 5.2 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 2,683 valid applications were received, and the first-hand winning rate was 100%. Furthermore, the international offering has been oversubscribed. The final number of shares offered was 46.8 million shares, which is equivalent to approximately 90% of the total number of shares offered (before any overallotment rights are exercised). Futu Information collates the relevant data in the following table: The company is an intelligent learning equipment service provider in China, focusing on the design, development, manufacture and sale of intelligent learning devices embedded in digital teaching aids for primary and secondary school students, their parents and school teachers in China. The company has become a technology-enabled smart learning equipment service provider with mature educational products and services in China. According to the Frost & Sullivan report, in 2021, in terms of total retail market value, the company ranked second among smart learning equipment service providers in China, while in terms of total equipment shipments, the company ranked fifth among smart learning equipment service providers in China. The Doshulang brand has become a famous educational technology brand in China. As of the last practical date, the company's note...
On the industry side, with the continuous upgrading of smart hardware and the improvement of software services, the smart learning device market has developed rapidly in recent years. In 2021, the size of the smart learning equipment market in China reached 65.9 billion yuan, and is expected to reach 145 billion yuan in 2026, with a compound growth rate of 17.1%.
Futu News, July 11th, this Monday$READBOY (02385.HK)$An announcement was issued. The company will issue 52 million shares, priced at HK$7.6 per share, and 400 shares per lot. It is expected to be listed on July 12. During the public sale phase, Doshulang was subscribed 1.73 times, and the final number of shares offered up to the public sale was 5.2 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 2,683 valid applications were received, and the first-hand winning rate was 100%. Furthermore, the international offering has been oversubscribed. The final number of shares offered was 46.8 million shares, which is equivalent to approximately 90% of the total number of shares offered (before any overallotment rights are exercised). Futu Information collates the relevant data in the following table: The company is an intelligent learning equipment service provider in China, focusing on the design, development, manufacture and sale of intelligent learning devices embedded in digital teaching aids for primary and secondary school students, their parents and school teachers in China. The company has become a technology-enabled smart learning equipment service provider with mature educational products and services in China. According to the Frost & Sullivan report, in 2021, in terms of total retail market value, the company ranked second among smart learning equipment service providers in China, while in terms of total equipment shipments, the company ranked fifth among smart learning equipment service providers in China. The Doshulang brand has become a famous educational technology brand in China. As of the last practical date, the company's note...
Related Reading:Read in one picture | Reading Lang went public in Hong Kong, sprinting to become the first smart hardware stock in education in China
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
Angry
1
Thumbs Up
11
89K Views
Report
Comments (7)
Write a Comment...
7
12
29