IPO Timeline
Broker Results (T-2)
2020-12-16
Some brokers release in afternoon
Grey Market (T-1)
2020-12-17
Afternoon
HKEX Allotment (T-1)
2020-12-17
Evening
Registrar Allotment (T-1)
2020-12-17
Evening
Listing Day (T)
2020-12-18
First day of trading
Company Overview
| Stock Name | Vesync Co., Ltd |
|---|---|
| Stock Code | 02148 |
| Company Full Name | Vesync Co., Ltd |
| Industry | 家電家用 |
| Principal Activities | 主要從事研發、生產及銷售智能小型家用電器及智能家居設備。 |
| Listing Date | 2020-12-18 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Building C, Suite A Phase I of the Anaheim Concourse 1202 N. Miller Street Anaheim, California 92806 United States |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | http://www.vesync.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2153 1688 |
| A-Share/US Dual Listing | No data |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 5.52 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | To be extracted |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 50.0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 775,560,000 |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | To be extracted |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 8.8 |
|---|---|
| First Day Open | HK$ 10.4 |
| First Day Change | 59.42% |
| First Day Volume | 274042000.0 |
| First Day Turnover | 2475300000.0 |
Use of Proceeds
| Use of Proceeds | 1、約30.0%或431.2百萬港元將用于(a)新產品的研究及開發及(b)現有產品的更新換代； 2、約25.0%或359.3百萬港元將用于擴大我們的銷售渠道及地理覆蓋范圍以及提高我們的品牌知名度； 3、約25%或359.3百萬港元將用于將我們的Ve Sync應用程序升級為一個家庭物聯網平臺； 4、約10.0%或143.7百萬港元將用于為企業客戶開發及推出智能解決方案，包括智能安保解決方案； 5、約10.0%或143.7百萬港元，將用于營運資金。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
法国巴黎证券（亚洲）有限公司 CE AAF669
INNOVAX CAPITAL LIMITED CE BDT371
Overall Coordinators (2)
法国巴黎证券（亚洲）有限公司 CE AAF669
INNOVAX SECURITIES LIMITED CE BHV052
Joint Bookrunners (6)
法国巴黎证券（亚洲）有限公司 CE AAF669
INNOVAX SECURITIES LIMITED CE BHV052
海通国际证券有限公司 CE AAF806
兴证国际融资有限公司 CE BAK956
大华继显（香港）有限公司 CE AAW261
民银证券有限公司 CE APU820
Joint Lead Managers (6)
法国巴黎证券（亚洲）有限公司 CE AAF669
INNOVAX SECURITIES LIMITED CE BHV052
海通国际证券有限公司 CE AAF806
兴证国际融资有限公司 CE BAK956
大华继显（香港）有限公司 CE AAW261
民银证券有限公司 CE APU820
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Hillhouse Funds | 542,538,720 HKD | — | 35.00% | — | 6 months | 2021-06-18 |
| 2 | Meridian Future Limited | 155,045,760 HKD | — | 10.00% | — | 6 months | 2021-06-18 |
| 3 | Orchid China Master Fund Limited | 77,522,880 HKD | — | 5.00% | — | 6 months | 2021-06-18 |
Directors & Management
| Chairman | 楊琳 |
|---|---|
| Company Secretary | 張瀟 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 楊琳(35.31%);楊毓正(31.62%) |
|---|
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