The new stock pricing | Xuan Wu Yun received 42.13 times subscription, priced at 6.24 Hong Kong dollars per share.

Futu News on July 7th, this Thursday$XUANWU CLOUD (02392.HK)$Announcement: The company issued 34.3905 million shares, priced at HKD 6.24 per share, 500 shares per lot, expected to be listed on July 8th.

During the public offering stage, Genus Cloud received 42.13 times oversubscription, and the final number of shares allocated to the public offering is 10.3175 million shares, accounting for approximately 30% of the total shares offered (before the exercise of any over-allotment options). A total of 21588 valid applications were received, with a 5.23% allotment rate for successful applicants.

In addition, the international offering has been oversubscribed, with the final number of shares offered being 24.073 million shares, approximately 70% of the total shares offered (before the exercise of any over-allotment options). Futu News has compiled the relevant data in the table below:

According to the prospectus,Xuanwu Cloud is a comprehensive smart CRM service provider.providing CRM PaaS services and CRM SaaS services to customers. Xuanwu Cloud'sCRM PaaSservice mainly empowers customers with comprehensive communication capabilities in the form of easy-to-deploy APIs and SDKs, integrating ai and data intelligence to provide smart CRM services. Xuanwu Cloud'sCRM SaaSservice consists of Marketing Cloud, Sales Cloud, and Customer Service Cloud, providing customers with a one-stop smart CRM service for the entire lifecycle from front-end sales to after-sales service.

Xuanwu Cloud's CRM PaaS service provides basic communication, ai, and data intelligence capabilities for CRM SaaS services, enhancing the functions of Marketing Cloud, Sales Cloud, and Customer Service Cloud. On the other hand, Xuanwu Cloud's CRM SaaS service increases the use of CRM PaaS capabilities by providing more application scenarios.

Xuanwu Cloud is a leader in the smart CRM service industrywith over ten years of history. According to the Frost & Sullivan report, based on the revenue of domestic smart CRM service providers in 2021, Xuanwu Cloud is the largest smart CRM service provider in China domestically, with a market share of 13.8% in 2021 based on the revenue of smart CRM service providers, Xuanwu Cloud is the second largest smart CRM service provider in China.

Financial SituationIn terms of financials, the total revenue of the company from 2019 to 2021 were 0.6 billion, 0.797 billion, 0.992 billion RMB respectively, with a compound annual growth rate of 28.56% from 2019 to 2021; The net income for 2019 to 2021 were 0.013 billion, 0.029 billion, 0.015 billion RMB respectively, with a compound annual growth rate of 6.72% from 2019 to 2021.

Industry Focus, the smart CRM service market has seen significant growth in recent years. The Total Addressable Market (TAM) of the smart CRM service market increased from 25.1 billion RMB in 2017 to 71.8 billion RMB in 2021, with a compound annual growth rate of 30.1%. The market size of the smart CRM service market is projected to increase to 280 billion RMB by 2026, with a compound annual growth rate since 2021 of 31.3%.

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