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joined discussion · Feb 27 08:06

IPO News | 'Wireless Communication Module Provider' MeigSmart launches its public offering, with a planned listing on March 10. The subscription amount for one lot is HKD 2,915.10.

Futu Information reported on February 27 that $MEIG (03268.HK)$ An announcement was issued stating the offering would take place from February 27 to March 5. The company plans to globally offer approximately 35 million shares and expects to list on March 10.
Futu Information reported on February 27 that $MEIG (03268.HK)$ An announcement was issued stating the offering would take place from February 27 to March 5. The company plans to globally offer approximately 35 million shares and expects to list on March 10. Company Overview MeigSmart is a global leader in wireless communication modules and solutions, with intelligent modules (especially high-performance intelligent modules) as its core focus. Its modules and solutions are widely used in IoT, smart connected vehicles, and wireless broadband fields. Leveraging wireless communication module technology, the company can tailor solutions to meet specific application scenarios, addressing diverse customer needs. MeigSmart was the first to bring intelligent modules to market and has deployed these modules across various industries on a large scale, including point-of-sale systems and automotive vision systems. Through these deployments, the company has accumulated experience in product design and engineering across different usage scenarios, such as ensuring transmission stability and data security in financial payment environments and enabling stable interaction between intelligent modules and external cameras in automotive applications. Financial Overview In 2022, 2023, 2024, and for the nine months ended September 30, 2024, and 2025, MeigSmart's total revenue was RMB 2,305.9 million, RMB 2,147.3 million, RMB 2,941....
Company Overview
MeigSmart is a global leader in wireless communication modules and solutions, with intelligent modules (especially high-performance intelligent modules) as its core focus. Its modules and solutions are widely used in IoT, smart connected vehicles, and wireless broadband fields. Leveraging wireless communication module technology, the company can tailor solutions to meet specific application scenarios, addressing diverse customer needs.
MeiGe Smart was the first to introduce smart modules to the market, and the company has deployed these modules on a large scale across various industries, including point-of-sale terminals and automotive vision systems. Through these deployments, the company has gained experience in product design and engineering for different use cases, such as ensuring transmission stability and data security in financial payment scenarios, as well as enabling stable interaction between smart modules and external cameras in automotive applications.
Financial Overview
In 2022, 2023, 2024, and the nine months ended September 30, 2024, and 2025, MeiGe Smart's total revenue reached RMB 2,305.9 million, RMB 2,147.3 million, RMB 2,941.4 million, RMB 2,182.0 million, and RMB 2,821.3 million respectively, while the company’s net profits were RMB 126.6 million, RMB 62.6 million, RMB 134.4 million, RMB 90.5 million, and RMB 113.2 million respectively.
In 2022, 2023, 2024, and the nine months ended September 30, 2024, and 2025, the company incurred R&D expenditures of RMB 185.9 million, RMB 213.9 million, RMB 208.1 million, RMB 148.3 million, and RMB 153.1 million respectively, representing 8.1%, 10.0%, 7.1%, 6.8%, and 5.4% of the company’s total revenue respectively.
Futu Information reported on February 27 that $MEIG (03268.HK)$ An announcement was issued stating the offering would take place from February 27 to March 5. The company plans to globally offer approximately 35 million shares and expects to list on March 10. Company Overview MeigSmart is a global leader in wireless communication modules and solutions, with intelligent modules (especially high-performance intelligent modules) as its core focus. Its modules and solutions are widely used in IoT, smart connected vehicles, and wireless broadband fields. Leveraging wireless communication module technology, the company can tailor solutions to meet specific application scenarios, addressing diverse customer needs. MeigSmart was the first to bring intelligent modules to market and has deployed these modules across various industries on a large scale, including point-of-sale systems and automotive vision systems. Through these deployments, the company has accumulated experience in product design and engineering across different usage scenarios, such as ensuring transmission stability and data security in financial payment environments and enabling stable interaction between intelligent modules and external cameras in automotive applications. Financial Overview In 2022, 2023, 2024, and for the nine months ended September 30, 2024, and 2025, MeigSmart's total revenue was RMB 2,305.9 million, RMB 2,147.3 million, RMB 2,941....
Use of Proceeds
Regarding the use of proceeds, MeiGe Smart expects net proceeds from the global offering to be approximately HKD 945 million (assuming no exercise of the over-allotment option and based on the maximum offer price of HKD 28.86). According to the prospectus, MeiGe Smart plans to allocate the funds raised from the global offering for the following purposes:
Approximately 55% will be used to enhance the company’s R&D and innovation capabilities; about 10% will be allocated to expand the company’s overseas sales network and promote its products in international markets; around 10% will be used for strategic investments and/or acquisitions to achieve the company’s long-term growth strategy; roughly 15% will be used to repay certain interest-bearing bank loans maturing after June 2025 (with interest rates ranging from 1.95% to 2.27%), to optimize the company’s financial structure and reduce borrowing costs; approximately 10% will be allocated for working capital and general corporate purposes.
More reading:Megvii Technology Prospectus
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Futu Information reported on February 27 that $MEIG (03268.HK)$ An announcement was issued stating the offering would take place from February 27 to March 5. The company plans to globally offer approximately 35 million shares and expects to list on March 10. Company Overview MeigSmart is a global leader in wireless communication modules and solutions, with intelligent modules (especially high-performance intelligent modules) as its core focus. Its modules and solutions are widely used in IoT, smart connected vehicles, and wireless broadband fields. Leveraging wireless communication module technology, the company can tailor solutions to meet specific application scenarios, addressing diverse customer needs. MeigSmart was the first to bring intelligent modules to market and has deployed these modules across various industries on a large scale, including point-of-sale systems and automotive vision systems. Through these deployments, the company has accumulated experience in product design and engineering across different usage scenarios, such as ensuring transmission stability and data security in financial payment environments and enabling stable interaction between intelligent modules and external cameras in automotive applications. Financial Overview In 2022, 2023, 2024, and for the nine months ended September 30, 2024, and 2025, MeigSmart's total revenue was RMB 2,305.9 million, RMB 2,147.3 million, RMB 2,941....
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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