IPO News | Fintech service provider Forms Syntron has launched its IPO, with plans to list on September 22. The minimum subscription amount for one lot is HKD 1,616.13.

Futu News, September 14:$FORMS SYNTRON (06700.HK)$The company announced that the IPO subscription period will run from September 14 to September 17. It plans a global offering of approximately 58.9611 million shares and expects to list on September 22.

Company Overview

The company is an established banking fintech service provider rooted in the Greater Bay Area. It provides fintech software development, consulting, and system integration services to banks, regulatory bodies, and other financial institutions in mainland China and Hong Kong, supporting their ongoing digital transformation.

The company's innovation is driven by two proprietary technology platforms: FINNOSafe (the company's compliant Web3 tokenization platform) and FINNOSmart (an enterprise-grade generative AI platform that ensures data sovereignty). As of the latest practicable date, the company has obtained seven granted patents based on its technological strengths, along with 358 software copyrights and multiple certifications, including CMMI Level 5 and ISO 27001.

Financial Overview

In 2023, 2024, and 2025, the company's total revenue was RMB 730.4 million, RMB 740.4 million, and RMB 631.1 million, respectively, while the profit for the year was RMB 47.4 million, RMB 67.4 million, and RMB 74.3 million, respectively. For 2023, 2024, 2025, and the three months ended March 31, 2025 and 2026, the company's gross profit was RMB 220.9 million, RMB 245.0 million, RMB 238.5 million, RMB 54.3 million, and RMB 47.4 million, respectively. The corresponding gross profit margins were 30.2%, 33.1%, 37.8%, 41.3%, and 30.3%, respectively.

Use of Proceeds

Regarding the use of proceeds, Forms Syntron expects the net proceeds from the global offering to be approximately HK$869 million (calculated based on the maximum offer price of HK$16 per share, assuming the over-allotment option is not exercised). According to the prospectus, Forms Syntron intends to use the funds raised from the global offering for the following purposes:

35.0% of the net proceeds will be used to enhance the company's R&D capabilities over the next three to five years, with a focus on developing key technologies and services; 25.0% of the net proceeds will be used to improve the company's delivery capabilities over the next three to five years to support geographic expansion and customer growth strategies; 15.0% of the net proceeds will be used to strengthen the company's sales capabilities in mainland China and global markets; 15.0% of the net proceeds will be allocated for potential investments and acquisitions to enhance the company's technological capabilities,完善 its business ecosystem, and support long-term growth strategies; and 10.0% of the net proceeds will be used for working capital and general corporate purposes.

Further reading:Forms Syntron Prospectus book

The golden season for subscribing to new stocks is here! Subscribe via Futu with 0% interest, 0 fees, and 0 cash deposit required. Participate in the current promotion for a chance to waive your new stock subscription fees for 1 year,Come try it out now >>

Edited by Vincent

23K Views