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joined discussion · Feb 6 08:18

IPO Pricing | Muyuan Shares goes public today, priced at the highest offer price of HKD 39 per share, with a 100% allocation rate for one lot

Futu News reported on February 6 that $MUYUAN (02714.HK)$ Announced the allocation results, with shares priced at HKD 39 each, issuing a total of 274 million shares, and 100 shares per lot. Officially listed today.
In the last trading session, Muyuan Shares' grey market closed up 1.9%, at HKD 39.74 per share, with 100 shares per lot. Excluding handling fees, each lot made a profit of HKD 74.
During the public offering phase, Muyuan Shares received 5.88 times subscription, with the final number of publicly offered shares being 27.3952 million shares, accounting for approximately 10% of the total number of offered shares. A total of about 21,268 valid applications were received, with around 21,268 applications processed. The approximate percentage of allocated shares for one-lot subscriptions out of the total applied shares was 100%.
In addition, during the international placement phase, Muyuan Shares received 8.62 times subscription, with the final number of international placement shares amounting to 247 million shares, accounting for 90% of the total shares offered. Futu Information has compiled the relevant data in the table below:
Futu News reported on February 6 that $MUYUAN (02714.HK)$ Announced the allocation results, with shares priced at HKD 39 each, issuing a total of 274 million shares, and 100 shares per lot. Officially listed today. In the last trading session, Muyuan Shares' grey market closed up 1.9%, at HKD 39.74 per share, with 100 shares per lot. Excluding handling fees, each lot made a profit of HKD 74. During the public offering phase, Muyuan Shares received 5.88 times subscription, with the final number of publicly offered shares being 27.3952 million shares, accounting for approximately 10% of the total number of offered shares. A total of about 21,268 valid applications were received, with around 21,268 applications processed. The approximate percentage of allocated shares for one-lot subscriptions out of the total applied shares was 100%. Additionally, during the international placement phase, Muyuan Shares received 8.62 times subscription, with the final number of internationally placed shares being 247 million shares, equivalent to 90% of the total number of offered shares. Futu Information has compiled the relevant data in the following table: Company Overview Muyuan Shares is a technology-driven leading pork company and a pioneer in smart hog farming. With over 30 years of profound experience, the company has become a leader in the hog farming industry, adopting a vertically integrated business model that covers the entire hog supply chain, including breeding, hog farming, feed production, slaughtering, and meat processing. According to Frost & Sullivan statistics, starting from 2021, measured by hog capacity and output, the company ranks as the world's largest...
Futu News reported on February 6 that $MUYUAN (02714.HK)$ Announced the allocation results, with shares priced at HKD 39 each, issuing a total of 274 million shares, and 100 shares per lot. Officially listed today. In the last trading session, Muyuan Shares' grey market closed up 1.9%, at HKD 39.74 per share, with 100 shares per lot. Excluding handling fees, each lot made a profit of HKD 74. During the public offering phase, Muyuan Shares received 5.88 times subscription, with the final number of publicly offered shares being 27.3952 million shares, accounting for approximately 10% of the total number of offered shares. A total of about 21,268 valid applications were received, with around 21,268 applications processed. The approximate percentage of allocated shares for one-lot subscriptions out of the total applied shares was 100%. Additionally, during the international placement phase, Muyuan Shares received 8.62 times subscription, with the final number of internationally placed shares being 247 million shares, equivalent to 90% of the total number of offered shares. Futu Information has compiled the relevant data in the following table: Company Overview Muyuan Shares is a technology-driven leading pork company and a pioneer in smart hog farming. With over 30 years of profound experience, the company has become a leader in the hog farming industry, adopting a vertically integrated business model that covers the entire hog supply chain, including breeding, hog farming, feed production, slaughtering, and meat processing. According to Frost & Sullivan statistics, starting from 2021, measured by hog capacity and output, the company ranks as the world's largest...
Company Overview
Muyuan is a technology-driven leader in the pork industry and a pioneer in smart hog farming. With over 30 years of deep experience, the company has become a leader in the hog farming sector, adopting a vertically integrated business model that covers the entire hog farming industrial chain, including hog breeding, hog farming, feed production, and slaughtering and meat processing. According to Frost & Sullivan, since 2021, Muyuan has been the world’s largest hog farming enterprise by hog production capacity and slaughter volume, ranking first globally for four consecutive years. By slaughter volume, the company's global market share increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market shares of the second to fourth largest participants in 2024.
While continuing to solidify its leading position in hog farming, the company began expanding into hog slaughtering and meat processing in 2019 to strengthen its advantage in full-industry-chain operations. According to Frost & Sullivan, by the number of hogs slaughtered, the company ranked fifth globally and first in China in 2024. In terms of revenue, between 2021 and 2024, the compound annual growth rate (CAGR) of the company's slaughtering and meat processing business ranked highest among large Chinese peers.
Financial Overview
The company's revenue decreased by 11.2% from RMB 124,826.2 million in 2022 to RMB 110,860.7 million in 2023. Its revenue then increased by 24.4% from RMB 110,860.7 million in 2023 to RMB 137,946.9 million in 2024. Revenue also grew by 15.5% from RMB 96,775.1 million in the nine months ended September 30, 2024, to RMB 111,790.0 million in the nine months ended September 30, 2025.
The company's gross profit increased by 25.3% from RMB 16,709.7 million in the nine months ended September 30, 2024, to RMB 20,934.5 million in the same period in 2025. The gross profit margin rose from 17.3% in the nine months ended September 30, 2024, to 18.7% in the same period in 2025.
Futu News reported on February 6 that $MUYUAN (02714.HK)$ Announced the allocation results, with shares priced at HKD 39 each, issuing a total of 274 million shares, and 100 shares per lot. Officially listed today. In the last trading session, Muyuan Shares' grey market closed up 1.9%, at HKD 39.74 per share, with 100 shares per lot. Excluding handling fees, each lot made a profit of HKD 74. During the public offering phase, Muyuan Shares received 5.88 times subscription, with the final number of publicly offered shares being 27.3952 million shares, accounting for approximately 10% of the total number of offered shares. A total of about 21,268 valid applications were received, with around 21,268 applications processed. The approximate percentage of allocated shares for one-lot subscriptions out of the total applied shares was 100%. Additionally, during the international placement phase, Muyuan Shares received 8.62 times subscription, with the final number of internationally placed shares being 247 million shares, equivalent to 90% of the total number of offered shares. Futu Information has compiled the relevant data in the following table: Company Overview Muyuan Shares is a technology-driven leading pork company and a pioneer in smart hog farming. With over 30 years of profound experience, the company has become a leader in the hog farming industry, adopting a vertically integrated business model that covers the entire hog supply chain, including breeding, hog farming, feed production, slaughtering, and meat processing. According to Frost & Sullivan statistics, starting from 2021, measured by hog capacity and output, the company ranks as the world's largest...
Use of Proceeds
In terms of fundraising purposes, Muyuan Shares expects the net proceeds from the global offering to be approximately HKD 10.4704 billion (based on an offer price of HKD 39). According to the prospectus, Muyuan Shares intends to allocate the proceeds from the global offering for the following purposes:
Approximately 60.0% will be used to explore overseas opportunities and expand the business footprint; approximately 30.0% will be allocated to drive innovation across the entire industrial chain through R&D investment over the next three years; approximately 10.0% will be used as working capital and for general corporate purposes.
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Futu News reported on February 6 that $MUYUAN (02714.HK)$ Announced the allocation results, with shares priced at HKD 39 each, issuing a total of 274 million shares, and 100 shares per lot. Officially listed today. In the last trading session, Muyuan Shares' grey market closed up 1.9%, at HKD 39.74 per share, with 100 shares per lot. Excluding handling fees, each lot made a profit of HKD 74. During the public offering phase, Muyuan Shares received 5.88 times subscription, with the final number of publicly offered shares being 27.3952 million shares, accounting for approximately 10% of the total number of offered shares. A total of about 21,268 valid applications were received, with around 21,268 applications processed. The approximate percentage of allocated shares for one-lot subscriptions out of the total applied shares was 100%. Additionally, during the international placement phase, Muyuan Shares received 8.62 times subscription, with the final number of internationally placed shares being 247 million shares, equivalent to 90% of the total number of offered shares. Futu Information has compiled the relevant data in the following table: Company Overview Muyuan Shares is a technology-driven leading pork company and a pioneer in smart hog farming. With over 30 years of profound experience, the company has become a leader in the hog farming industry, adopting a vertically integrated business model that covers the entire hog supply chain, including breeding, hog farming, feed production, slaughtering, and meat processing. According to Frost & Sullivan statistics, starting from 2021, measured by hog capacity and output, the company ranks as the world's largest...
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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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