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IPO Pricing | Miniso received 1.4 times oversubscription, priced at 13.8 Hong Kong dollars per share.

Futu Information reported on July 12 that on Tuesday of this week$MNSO (09896.HK)$announced that the company issued 41.1 million shares at a price of HK$13.8 per share, in lots of 200 shares, expected to be listed on July 13.
During the public offering phase, MINISO received 1.4 times oversubscription, with the final number of shares offered for public sale being 4.11 million shares, representing approximately 10% of the total number of shares offered (before any exercise of over-allotment options). A total of 2,074 valid applications were received, with a 86.91% allotment rate for one lot.
In addition, the international offering has been oversubscribed, and the final number of shares issued is 36.99 million, equivalent to approximately 90% of the total number of shares issued (before exercising any rights issue). Futu Information has compiled the relevant data in the table below:
Futu Information on July 12th, this Tuesday$MNSO (09896.HK)$Announcement: The company issued 41.1 million shares priced at 13.8 Hong Kong dollars per share, 200 shares per lot, expected to be listed on July 13th. During the public offering phase, Miniso received 1.4 times oversubscription, with a final allocation of 4.11 million shares allocated for public offering, accounting for approximately 10% of the total offering shares (before any exercise of over-allotment option). A total of 2,074 valid applications were received, with a subscription rate of 86.91% for successful applications. In addition, international offering was oversubscribed, with a final allocation of 36.99 million shares, equivalent to approximately 90% of the total offering shares (before any exercise of over-allotment option). Futu Information has compiled the relevant data as shown in the table below: The company plans to use approximately HK$476 million of the net proceeds from the global sale for the following purposes: about 25% for the expansion and upgrading of the company's store network; about 20% for supply chain optimization and product development; about 20% to enhance the company's technical capabilities, with an estimated 20% to continue to invest in brand promotion and cultivation; about 5% for capital expenditures; about 10% for working capital and general corporate purposes. The company is a global retailer, providing a wide range of creative home products. In the nine years since opening its first store in China in 2013, the company has successfully incubated two brands, namely MINISO and TOP TOY....
The company plans to use the net proceeds from the global offering of approximately 476 million Hong Kong dollars for the following purposes: about 25% will be used for the expansion and upgrade of the company's store network; about 20% will be used for supply chain optimization and product development; about 20% will be used to enhance the company's technological capabilities, with an expected additional 20% to be invested in brand promotion and cultivation; about 5% will be used for capital expenditures; about 10% will be used for operational funds and general corporate purposes.
The company is a global retailer, offering a wide variety of creative home products. Over the nine years since opening its first store in China in 2013, the company has successfully incubated two brands, namely MINISO and TOP TOY.
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According to a Frost & Sullivan report, in 2021, the total GMV of products sold through the MINISO store network amounted to approximately 18 billion yuan (2.8 billion US dollars), making it the world's largest integrated self-owned brand home furnishing retailer. TOP TOY, a new brand launched by the company in December 2020, pioneered the concept of trend toy collection stores. According to the same source, TOP TOY achieved a GMV of 374 million yuan in 2021, ranking seventh in the Chinese trend toy market.

For the fiscal years ending on June 30 in 2019, 2020, and 2021, the company achieved revenues from continuing operations of 9.395 billion yuan, 8.979 billion yuan, and 9.072 billion yuan respectively. In the first half of the 2022 fiscal year, the company's revenue was 5.427 billion yuan, a 24% year-on-year growth.
For the fiscal years ending on June 30 in 2019, 2020, and 2021, the company's net losses were 294 million yuan, 260 million yuan, and 1.429 billion yuan respectively. In the first half of the 2021 and 2022 fiscal years, net losses of 1.656 billion yuan and net profits of 339 million yuan were recorded respectively.
Futu Information on July 12th, this Tuesday$MNSO (09896.HK)$Announcement: The company issued 41.1 million shares priced at 13.8 Hong Kong dollars per share, 200 shares per lot, expected to be listed on July 13th. During the public offering phase, Miniso received 1.4 times oversubscription, with a final allocation of 4.11 million shares allocated for public offering, accounting for approximately 10% of the total offering shares (before any exercise of over-allotment option). A total of 2,074 valid applications were received, with a subscription rate of 86.91% for successful applications. In addition, international offering was oversubscribed, with a final allocation of 36.99 million shares, equivalent to approximately 90% of the total offering shares (before any exercise of over-allotment option). Futu Information has compiled the relevant data as shown in the table below: The company plans to use approximately HK$476 million of the net proceeds from the global sale for the following purposes: about 25% for the expansion and upgrading of the company's store network; about 20% for supply chain optimization and product development; about 20% to enhance the company's technical capabilities, with an estimated 20% to continue to invest in brand promotion and cultivation; about 5% for capital expenditures; about 10% for working capital and general corporate purposes. The company is a global retailer, providing a wide range of creative home products. In the nine years since opening its first store in China in 2013, the company has successfully incubated two brands, namely MINISO and TOP TOY....
Futu Information on July 12th, this Tuesday$MNSO (09896.HK)$Announcement: The company issued 41.1 million shares priced at 13.8 Hong Kong dollars per share, 200 shares per lot, expected to be listed on July 13th. During the public offering phase, Miniso received 1.4 times oversubscription, with a final allocation of 4.11 million shares allocated for public offering, accounting for approximately 10% of the total offering shares (before any exercise of over-allotment option). A total of 2,074 valid applications were received, with a subscription rate of 86.91% for successful applications. In addition, international offering was oversubscribed, with a final allocation of 36.99 million shares, equivalent to approximately 90% of the total offering shares (before any exercise of over-allotment option). Futu Information has compiled the relevant data as shown in the table below: The company plans to use approximately HK$476 million of the net proceeds from the global sale for the following purposes: about 25% for the expansion and upgrading of the company's store network; about 20% for supply chain optimization and product development; about 20% to enhance the company's technical capabilities, with an estimated 20% to continue to invest in brand promotion and cultivation; about 5% for capital expenditures; about 10% for working capital and general corporate purposes. The company is a global retailer, providing a wide range of creative home products. In the nine years since opening its first store in China in 2013, the company has successfully incubated two brands, namely MINISO and TOP TOY....
According to the Frost & Sullivan report, based on GMV calculations, the scale of China's own brand integrated retail market is expected to further increase at an annual compound growth rate of 14.2% from 2022 to 2026, reaching 189.5 billion yuan by 2026.
Futu Information on July 12th, this Tuesday$MNSO (09896.HK)$Announcement: The company issued 41.1 million shares priced at 13.8 Hong Kong dollars per share, 200 shares per lot, expected to be listed on July 13th. During the public offering phase, Miniso received 1.4 times oversubscription, with a final allocation of 4.11 million shares allocated for public offering, accounting for approximately 10% of the total offering shares (before any exercise of over-allotment option). A total of 2,074 valid applications were received, with a subscription rate of 86.91% for successful applications. In addition, international offering was oversubscribed, with a final allocation of 36.99 million shares, equivalent to approximately 90% of the total offering shares (before any exercise of over-allotment option). Futu Information has compiled the relevant data as shown in the table below: The company plans to use approximately HK$476 million of the net proceeds from the global sale for the following purposes: about 25% for the expansion and upgrading of the company's store network; about 20% for supply chain optimization and product development; about 20% to enhance the company's technical capabilities, with an estimated 20% to continue to invest in brand promotion and cultivation; about 5% for capital expenditures; about 10% for working capital and general corporate purposes. The company is a global retailer, providing a wide range of creative home products. In the nine years since opening its first store in China in 2013, the company has successfully incubated two brands, namely MINISO and TOP TOY....
By GMV calculation, the global market size of self-owned brand comprehensive retail is expected to continue to grow at an accelerated annual compound growth rate of 12.6% from 2022 to 2026, reaching $86.8 billion by 2026.
Futu Information on July 12th, this Tuesday$MNSO (09896.HK)$Announcement: The company issued 41.1 million shares priced at 13.8 Hong Kong dollars per share, 200 shares per lot, expected to be listed on July 13th. During the public offering phase, Miniso received 1.4 times oversubscription, with a final allocation of 4.11 million shares allocated for public offering, accounting for approximately 10% of the total offering shares (before any exercise of over-allotment option). A total of 2,074 valid applications were received, with a subscription rate of 86.91% for successful applications. In addition, international offering was oversubscribed, with a final allocation of 36.99 million shares, equivalent to approximately 90% of the total offering shares (before any exercise of over-allotment option). Futu Information has compiled the relevant data as shown in the table below: The company plans to use approximately HK$476 million of the net proceeds from the global sale for the following purposes: about 25% for the expansion and upgrading of the company's store network; about 20% for supply chain optimization and product development; about 20% to enhance the company's technical capabilities, with an estimated 20% to continue to invest in brand promotion and cultivation; about 5% for capital expenditures; about 10% for working capital and general corporate purposes. The company is a global retailer, providing a wide range of creative home products. In the nine years since opening its first store in China in 2013, the company has successfully incubated two brands, namely MINISO and TOP TOY....
相关阅读：One chart to understand | Miniso's Hong Kong IPO, the world's largest self-owned brand comprehensive retail for home and lifestyle.
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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