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Viral Biotech's stock opened higher on its first day of trading! Are you bullish on its future perfo
牛牛新股君
joined discussion · Nov 8, 2024 08:49

New stock pricing | 5677.83 times oversubscribed! Crystal Electronic Holdings priced at 3.61 Hong Kong dollars, listed today.

Futu News reported on November 8th, $APT ELECTRONICS (02551.HK)$ Announced the distribution results, priced at 3.61 Hong Kong dollars per share, issuing a total of 38.64 million shares at a lot size of 1000 shares, expected to be listed on November 8th.
Crystal Optoelectronics Corporation received 5677.83 times oversubscription in the public offering phase, exceeding the 2503 times oversubscription at that time, clinching the title of 'King of Oversubscriptions' in this year's Hong Kong IPO. The final number of shares offered in the public offering was 19.32 million shares (after the exercise of the over-allotment option and reallocation), accounting for approximately 50% of the total number of shares offered. $UBOT HOLDING (08529.HK)$ A total of 61,975 valid applications were received, with 15,151 applications accepted. The percentage of H shares allocated per application out of the total number of applications was approximately 50%.
In the international placement phase, Crystal Optoelectronics Corporation received 6.95 times oversubscription. The final number of shares offered internationally was 19.32 million shares, equivalent to 50% of the total shares offered (after the exercise of the over-allotment option and reallocation). Relevant data compiled by Futu News is presented in the table below:
Futu News reported on November 8th, $APT ELECTRONICS (02551.HK)$ Announced the distribution results, priced at 3.61 Hong Kong dollars per share, issuing a total of 38.64 million shares at a lot size of 1000 shares, expected to be listed on November 8th. Crystal Optoelectronics Corporation received 5677.83 times oversubscription in the public offering phase, exceeding the 2503 times oversubscription at that time, clinching the title of 'King of Oversubscriptions' in this year's Hong Kong IPO. The final number of shares offered in the public offering was 19.32 million shares (after the exercise of the over-allotment option and reallocation), accounting for approximately 50% of the total number of shares offered. $UBOT HOLDING (08529.HK)$ A total of 61,975 valid applications were received, with 15,151 applications accepted. The percentage of H shares allocated per application out of the total number of applications was approximately 50%. In the international placement phase, Crystal Optoelectronics Corporation received 6.95 times oversubscription. The final number of shares offered internationally was 19.32 million shares, equivalent to 50% of the total shares offered (after the exercise of the over-allotment option and reallocation). Relevant data compiled by Futu News is presented in the table below: Company Overview Jinko Solar Technology Co., Ltd. is a leading provider of intelligent visual products and system solutions integrating "LED+" technology in China. Relying on industry insights and actively engaging in technological innovation, the company integrates LED technology with integrated circuits (IC), electronic...
Company Overview
Crystal Optoelectronics Corporation is a leading Chinese provider of smart visual products and system solutions integrating 'LED+' technology. Leveraging industry insights and active technological innovation, the company combines LED technology with integrated circuits (IC), electronic control, software, sensors, and optics, among others, to possess various 'LED+' technologies. The company's energy-saving and high-speed iterative 'LED+' technology further empowers its smart visual products and systems, enabling penetration into high-value, high-growth markets. In 2021, the 'Automotive Smart Vision' business accounted for only 5.33%, but by the first five months of 2024, it had surged to 43.3%.
Crystal Optoelectronics Corporation is one of the first companies in China to mass-produce high-power flip-chip LED products. After years of research and technological accumulation, the company has developed a series of flip-chip LED technologies for different application scenarios. The company's fundamental technologies also include advanced white light conversion technology, advanced LED integrated packaging technology, and high-end LED device packaging technology, with all these technologies developing synergistically and the technical capabilities consistently at the forefront of global innovation.
Financial Overview
The prospectus shows that in the fiscal years 2021, 2022, and 2023, Crystal Optoelectronics Corporation's revenue was approximately 1.388 billion yuan, 1.411 billion yuan, and 1.858 billion yuan respectively, with a compound growth rate of 15.68%. During the same period, gross profit was 0.228 billion yuan, 0.235 billion yuan, and 0.339 billion yuan respectively, with a compound growth rate of 21.86%.
Source: Prospectus
Source: Prospectus
Use of Proceeds
In terms of fundraising purposes, Crystal Electronics Co., Ltd. expects the net proceeds from the share sale to be approximately 82.25 million Hong Kong dollars (calculated at the final issue price). According to the prospectus, the company plans to use the net proceeds from the share sale for the following purposes: about 70.0% will be used to expand the smart automotive vision capacity of the company, enhance market share; about 20.0% will be used for technological innovation and product upgrades, continuously improving the company's technical capabilities; about 10.0% will be used for operating funds and general company purposes to support the company's daily business operations and growth.
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Futu News reported on November 8th, $APT ELECTRONICS (02551.HK)$ Announced the distribution results, priced at 3.61 Hong Kong dollars per share, issuing a total of 38.64 million shares at a lot size of 1000 shares, expected to be listed on November 8th. Crystal Optoelectronics Corporation received 5677.83 times oversubscription in the public offering phase, exceeding the 2503 times oversubscription at that time, clinching the title of 'King of Oversubscriptions' in this year's Hong Kong IPO. The final number of shares offered in the public offering was 19.32 million shares (after the exercise of the over-allotment option and reallocation), accounting for approximately 50% of the total number of shares offered. $UBOT HOLDING (08529.HK)$ A total of 61,975 valid applications were received, with 15,151 applications accepted. The percentage of H shares allocated per application out of the total number of applications was approximately 50%. In the international placement phase, Crystal Optoelectronics Corporation received 6.95 times oversubscription. The final number of shares offered internationally was 19.32 million shares, equivalent to 50% of the total shares offered (after the exercise of the over-allotment option and reallocation). Relevant data compiled by Futu News is presented in the table below: Company Overview Jinko Solar Technology Co., Ltd. is a leading provider of intelligent visual products and system solutions integrating "LED+" technology in China. Relying on industry insights and actively engaging in technological innovation, the company integrates LED technology with integrated circuits (IC), electronic...
编辑/irene
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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