毛戈平富途認購額905億！首日升超90%！
Mao Geping won the championship of the "Futu IPO Club" with a billion-dollar issue, and the Futu gray market will open at 16:15.
Futu News: Hong Kong stock IPO "Frozen Funds King" $MAO GEPING (01318.HK)$ Throughout the subscription period, Maogeping's subscription amount through Futu reached as high as 90.5 billion Hong Kong dollars, becoming the top of the Futu IPO Club, surpassing the subscription amounts of Time Angels (45.3 billion Hong Kong dollars) and Kuaishou (42.6 billion Hong Kong dollars) at that time.
In this round, the well-known domestic cosmetic brand Maoge Ping has a public offering price of 26.3-29.8 Hong Kong dollars per 100 shares. It plans to globally issue 70.5882 million shares and raise 1.8445 billion Hong Kong dollars.The company is expected to announce the distribution results on December 9 and go public on December 10. The Futu dark pool will open at 16:15 on December 9![Prize] Must-Know Trading for Maoge Ping! Do you think the dark pool will rise or fall?
![Futu News: Hong Kong stock IPO "Frozen Funds King" $MAO GEPING (01318.HK)$ Throughout the subscription period, Maogeping's subscription amount through Futu reached as high as 90.5 billion Hong Kong dollars, becoming the top of the Futu IPO Club, surpassing the subscription amounts of Time Angels (45.3 billion Hong Kong dollars) and Kuaishou (42.6 billion Hong Kong dollars) at that time. In this round, the well-known domestic cosmetic brand Maoge Ping has a public offering price of 26.3-29.8 Hong Kong dollars per 100 shares. It plans to globally issue 70.5882 million shares and raise 1.8445 billion Hong Kong dollars.The company is expected to announce the distribution results on December 9 and go public on December 10. The Futu dark pool will open at 16:15 on December 9![Share Link: [Prize] Must-Know Trading for Maoge Ping! Do you think the dark pool will rise or fall?] Sales Overview This IPO by Maogeping consists of a 10% public offering, with 90% allocated for international sales, and an additional 15% for over-allotment option. Six cornerstone investors participated in this round, including CPE Investment, LVC Capital, and Ivy Capital Management. Financial Overview During the reporting period, Maogeping achieved rapid growth, with the company's revenue increasing from RMB 1.577 billion in 2021 to RMB 1.829 billion in 2022, and further rising to RMB 2.886 billion in 2023, with a compound annual growth rate of 35.3% from 2021 to 2023. The company's total revenue...](https://nnqimage.futunn.com/sns_client_feed/12147652/20241209/web-1733712982225-%E9%80%94%E6%89%93%E6%96%B0%E7%99%BE%E4%BA%BF%E4%BF%B1%E4%B9%90%E9%83%A8.png/big?area=999&is_public=true&imageMogr2/ignore-error/1/format/webp)
Sales Overview
This IPO by Maogeping consists of a 10% public offering, with 90% allocated for international sales, and an additional 15% for over-allotment option. Six cornerstone investors participated in this round, including CPE Investment, LVC Capital, and Ivy Capital Management.
Financial Overview
Maogeping achieved rapid growth during the historical period. The company's revenue increased from RMB 1.577 billion in 2021 to RMB 1.829 billion in 2022, further increasing to RMB 2.886 billion in 2023. The compound annual growth rate from 2021 to 2023 was 35.3%. The company's total revenue also increased from RMB 1.399 billion for the six months ended June 30, 2023, to RMB 1.972 billion for the six months ended June 30, 2024.
The company's gross profit increased from RMB 1.316 billion in 2021 to RMB 1.533 billion in 2022, further increasing to RMB 2.448 billion in 2023, with a compound annual growth rate of 36.4% from 2021 to 2023. The company's gross profit also increased from RMB 1.182 billion for the six months ended June 30, 2023, to RMB 1.674 billion for the six months ended June 30, 2024.
![Futu News: Hong Kong stock IPO "Frozen Funds King" $MAO GEPING (01318.HK)$ Throughout the subscription period, Maogeping's subscription amount through Futu reached as high as 90.5 billion Hong Kong dollars, becoming the top of the Futu IPO Club, surpassing the subscription amounts of Time Angels (45.3 billion Hong Kong dollars) and Kuaishou (42.6 billion Hong Kong dollars) at that time. In this round, the well-known domestic cosmetic brand Maoge Ping has a public offering price of 26.3-29.8 Hong Kong dollars per 100 shares. It plans to globally issue 70.5882 million shares and raise 1.8445 billion Hong Kong dollars.The company is expected to announce the distribution results on December 9 and go public on December 10. The Futu dark pool will open at 16:15 on December 9![Share Link: [Prize] Must-Know Trading for Maoge Ping! Do you think the dark pool will rise or fall?] Sales Overview This IPO by Maogeping consists of a 10% public offering, with 90% allocated for international sales, and an additional 15% for over-allotment option. Six cornerstone investors participated in this round, including CPE Investment, LVC Capital, and Ivy Capital Management. Financial Overview During the reporting period, Maogeping achieved rapid growth, with the company's revenue increasing from RMB 1.577 billion in 2021 to RMB 1.829 billion in 2022, and further rising to RMB 2.886 billion in 2023, with a compound annual growth rate of 35.3% from 2021 to 2023. The company's total revenue...](https://nnqimage.futunn.com/sns_client_feed/12147652/20241209/web-1733713054609-1080_1080_%E7%B9%81%E4%BD%93.png/big?area=999&is_public=true&imageMogr2/ignore-error/1/format/webp)
![Futu News: Hong Kong stock IPO "Frozen Funds King" $MAO GEPING (01318.HK)$ Throughout the subscription period, Maogeping's subscription amount through Futu reached as high as 90.5 billion Hong Kong dollars, becoming the top of the Futu IPO Club, surpassing the subscription amounts of Time Angels (45.3 billion Hong Kong dollars) and Kuaishou (42.6 billion Hong Kong dollars) at that time. In this round, the well-known domestic cosmetic brand Maoge Ping has a public offering price of 26.3-29.8 Hong Kong dollars per 100 shares. It plans to globally issue 70.5882 million shares and raise 1.8445 billion Hong Kong dollars.The company is expected to announce the distribution results on December 9 and go public on December 10. The Futu dark pool will open at 16:15 on December 9![Share Link: [Prize] Must-Know Trading for Maoge Ping! Do you think the dark pool will rise or fall?] Sales Overview This IPO by Maogeping consists of a 10% public offering, with 90% allocated for international sales, and an additional 15% for over-allotment option. Six cornerstone investors participated in this round, including CPE Investment, LVC Capital, and Ivy Capital Management. Financial Overview During the reporting period, Maogeping achieved rapid growth, with the company's revenue increasing from RMB 1.577 billion in 2021 to RMB 1.829 billion in 2022, and further rising to RMB 2.886 billion in 2023, with a compound annual growth rate of 35.3% from 2021 to 2023. The company's total revenue...](https://nnqimage.futunn.com/sns_client_feed/12147652/20241209/web-1733712808286-1733712808282-5vhUD6GOsN.webp/big?area=999&is_public=true&imageMogr2/ignore-error/1/format/webp)
Industry overview
According to Frost & Sullivan data, cosmetics can be divided into five categories: skincare products, personal care products, makeup, perfumes, and others. Beauty products refer to cosmetics that can improve skin condition and highlight or change facial or body appearance, mainly including skincare and makeup products.
According to Frost & Sullivan data, based on retail sales, the market size of China's cosmetic industry increased from RMB 402.6 billion in 2018 to RMB 579.8 billion in 2023, with a compound annual growth rate of 7.6%. The market size is expected to continue growing from 2023 to 2028 at a compound annual growth rate of 8.6%, reaching an estimated RMB 876.3 billion by 2028.
Use of Proceeds
In terms of fundraising purposes, Maogeping expects the net proceeds from the global offering to be approximately 1.8445 billion Hong Kong dollars (calculated at the median offer price of 28.05 Hong Kong dollars). According to the prospectus, Maogeping plans to use the proceeds from the global offering for the following purposes:
Approximately 25.0% of the net proceeds are expected to be used to expand the company's sales network; approximately 20.0% are expected to be used for brand building activities; approximately 15.0% are expected to be used for overseas expansion and acquisitions; approximately 10.0% are expected to be used to strengthen the company's production and supply chain capabilities; approximately 9.0% are expected to be used to enhance the company's product design and development capabilities; approximately 6.0% are expected to be used for the company's cosmetic art training institutions; approximately 5.0% are expected to be used for the company's digitalization of operations and information infrastructure; and approximately 10.0% are expected to be used for working capital and general corporate purposes.
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![Futu News: Hong Kong stock IPO "Frozen Funds King" $MAO GEPING (01318.HK)$ Throughout the subscription period, Maogeping's subscription amount through Futu reached as high as 90.5 billion Hong Kong dollars, becoming the top of the Futu IPO Club, surpassing the subscription amounts of Time Angels (45.3 billion Hong Kong dollars) and Kuaishou (42.6 billion Hong Kong dollars) at that time. In this round, the well-known domestic cosmetic brand Maoge Ping has a public offering price of 26.3-29.8 Hong Kong dollars per 100 shares. It plans to globally issue 70.5882 million shares and raise 1.8445 billion Hong Kong dollars.The company is expected to announce the distribution results on December 9 and go public on December 10. The Futu dark pool will open at 16:15 on December 9![Share Link: [Prize] Must-Know Trading for Maoge Ping! Do you think the dark pool will rise or fall?] Sales Overview This IPO by Maogeping consists of a 10% public offering, with 90% allocated for international sales, and an additional 15% for over-allotment option. Six cornerstone investors participated in this round, including CPE Investment, LVC Capital, and Ivy Capital Management. Financial Overview During the reporting period, Maogeping achieved rapid growth, with the company's revenue increasing from RMB 1.577 billion in 2021 to RMB 1.829 billion in 2022, and further rising to RMB 2.886 billion in 2023, with a compound annual growth rate of 35.3% from 2021 to 2023. The company's total revenue...](https://nnqimage.futunn.com/sns_client_feed/12147652/20241209/web-1733714445139-1080x1080%E7%A4%BE%E5%AA%92(1).png/big?area=999&is_public=true&imageMogr2/ignore-error/1/format/webp)
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