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joined discussion · Feb 11 07:43

IPO Pricing | Lead Intelligent Equipment goes public today, priced at the maximum offering price of HKD 45.8, with a one-lot allocation rate of 18%

Futu News reported on February 11 $WUXI LEAD (00470.HK)$ The company announced the allotment results, pricing each share at HKD 45.8, issuing a total of 108 million shares, with each lot consisting of 100 shares, and officially listed today.
During the public offering phase, Lead Intelligent Equipment received 79.54 times subscription, with the final number of shares offered to the public being 9.3616 million shares, accounting for approximately 8.7% of the total offering. A total of about 57,322 valid applications were received, with approximately 28,577 processed applications. The percentage of shares allocated to one-lot applicants relative to the total number of applied shares is approximately 18%.
In addition, during the international placement phase, Lead Intelligent received 10.47 times subscription, with the final number of international placement shares amounting to 98,296,800 shares, accounting for 91.3% of the total number of placement shares. Futu Information has compiled the relevant data in the table below:
Futu News reported on February 11 $WUXI LEAD (00470.HK)$ The company announced the allotment results, pricing each share at HKD 45.8, issuing a total of 108 million shares, with each lot consisting of 100 shares, and officially listed today. During the public offering phase, Lead Intelligent Equipment received 79.54 times subscription, with the final number of shares offered to the public being 9.3616 million shares, accounting for approximately 8.7% of the total offering. A total of about 57,322 valid applications were received, with approximately 28,577 processed applications. The percentage of shares allocated to one-lot applicants relative to the total number of applied shares is approximately 18%. Moreover, during the international placement phase, Lead Intelligent Equipment received 10.47 times subscription, with the final number of international placement shares being 98.2968 million shares, equivalent to 91.3% of the total offering. Futu News has compiled relevant data in the following table: Company Overview Lead Intelligent is an intelligent equipment company providing smart equipment and solutions for numerous emerging industries. The manufacturing equipment and solutions delivered by the company are widely used in diverse application areas including lithium batteries, photovoltaic cells, as well as computer, communication, and consumer electronics (3C) manufacturing, intelligent logistics, hydrogen production and fuel cell manufacturing, automobile production, and laser precision processing worldwide. Lead Intelligent Equipment started its business by focusing on the R&D and production of film capacitor equipment. The company initially concentrated on fully automatic winding machines, then developed a complete set of automated production equipment for film capacitors. In this process...
Futu News reported on February 11 $WUXI LEAD (00470.HK)$ The company announced the allotment results, pricing each share at HKD 45.8, issuing a total of 108 million shares, with each lot consisting of 100 shares, and officially listed today. During the public offering phase, Lead Intelligent Equipment received 79.54 times subscription, with the final number of shares offered to the public being 9.3616 million shares, accounting for approximately 8.7% of the total offering. A total of about 57,322 valid applications were received, with approximately 28,577 processed applications. The percentage of shares allocated to one-lot applicants relative to the total number of applied shares is approximately 18%. Moreover, during the international placement phase, Lead Intelligent Equipment received 10.47 times subscription, with the final number of international placement shares being 98.2968 million shares, equivalent to 91.3% of the total offering. Futu News has compiled relevant data in the following table: Company Overview Lead Intelligent is an intelligent equipment company providing smart equipment and solutions for numerous emerging industries. The manufacturing equipment and solutions delivered by the company are widely used in diverse application areas including lithium batteries, photovoltaic cells, as well as computer, communication, and consumer electronics (3C) manufacturing, intelligent logistics, hydrogen production and fuel cell manufacturing, automobile production, and laser precision processing worldwide. Lead Intelligent Equipment started its business by focusing on the R&D and production of film capacitor equipment. The company initially concentrated on fully automatic winding machines, then developed a complete set of automated production equipment for film capacitors. In this process...
Company Overview
Lead Intelligent is an intelligent equipment company providing smart equipment and solutions for numerous emerging industries. The manufacturing equipment and solutions delivered by the company are widely used in diverse application areas including lithium batteries, photovoltaic cells, as well as computer, communication, and consumer electronics (3C) manufacturing, intelligent logistics, hydrogen production and fuel cell manufacturing, automobile production, and laser precision processing worldwide.
Lead Intelligent began its business with the research, development, and production of film capacitor equipment. Initially focusing on fully automatic winding machines, the company later developed a complete set of automated film capacitor production equipment. In this process, it mastered several core manufacturing technologies, including automatic winding technology, high-speed slitting technology, metallization spraying technology, and sorting empowerment technology. Since automatic winding and high-speed slitting technologies also form the core technologies of lithium battery equipment, the company successfully extended these technological capabilities to the lithium battery equipment manufacturing field, forming a rich product portfolio.
Unlike traditional and ordinary manufacturing equipment suppliers, Lead Intelligent emphasizes the role of digital intelligence transformation throughout the entire manufacturing process. It has developed comprehensive smart software solutions specifically aimed at promoting such transformation, featuring industrial control artificial intelligence IoT (AIoT) software, data management, and deep learning platforms that use data-driven algorithms to facilitate fully automated production processes while optimizing equipment management and manufacturing efficiency.
Financial Overview
For the fiscal years ended December 31, 2022, 2023, and 2024, as well as the nine months ended September 30, 2024, and 2025, revenues of Lead Intelligent Equipment were RMB 13,836.1 million, RMB 16,483.3 million, RMB 11,773.4 million, RMB 9,038.4 million, and RMB 10,387.5 million, respectively. The company's net profits for the year/period were RMB 2,318.1 million, RMB 1,770.8 million, RMB 268.0 million, RMB 587.0 million, and RMB 1,161.3 million, respectively.
Source: Prospectus
Source: Prospectus
Use of Proceeds
Regarding the use of proceeds, the net proceeds from Lead Intelligent's global offering amounted to approximately HKD 4.796 billion (based on the offer price of HKD 45.80). According to the prospectus, Lead Intelligent intends to allocate the proceeds from the global offering for the following purposes:
Approximately 40% will be used to expand the global R&D, sales, and service network, as well as selectively implement strategic initiatives as an important part of the company’s globalization strategy; about 30% will be used to deepen the company’s platform strategy, intending to further expand its product portfolio in the new energy intelligent equipment sector; around 10% will be used for R&D in product design and manufacturing processes, as well as optimization of intelligent equipment technology, to enhance performance and operational stability while reducing energy consumption to help customers improve production efficiency and product performance; about 10% will be used to enhance the company’s digital infrastructure and improve digital capabilities across business processes (such as supply chain management, R&D, production, quality control, sales, and operations) to boost operational efficiency; and approximately 10% will be allocated for working capital and general corporate purposes.
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Futu News reported on February 11 $WUXI LEAD (00470.HK)$ The company announced the allotment results, pricing each share at HKD 45.8, issuing a total of 108 million shares, with each lot consisting of 100 shares, and officially listed today. During the public offering phase, Lead Intelligent Equipment received 79.54 times subscription, with the final number of shares offered to the public being 9.3616 million shares, accounting for approximately 8.7% of the total offering. A total of about 57,322 valid applications were received, with approximately 28,577 processed applications. The percentage of shares allocated to one-lot applicants relative to the total number of applied shares is approximately 18%. Moreover, during the international placement phase, Lead Intelligent Equipment received 10.47 times subscription, with the final number of international placement shares being 98.2968 million shares, equivalent to 91.3% of the total offering. Futu News has compiled relevant data in the following table: Company Overview Lead Intelligent is an intelligent equipment company providing smart equipment and solutions for numerous emerging industries. The manufacturing equipment and solutions delivered by the company are widely used in diverse application areas including lithium batteries, photovoltaic cells, as well as computer, communication, and consumer electronics (3C) manufacturing, intelligent logistics, hydrogen production and fuel cell manufacturing, automobile production, and laser precision processing worldwide. Lead Intelligent Equipment started its business by focusing on the R&D and production of film capacitor equipment. The company initially concentrated on fully automatic winding machines, then developed a complete set of automated production equipment for film capacitors. In this process...
Editor/Joe
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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