佑驾创新 02431 Prospectus Information

IPO Timeline

Broker Results (T-2)

2024-12-23

Some brokers release in afternoon

Grey Market (T-1)

2024-12-24

Afternoon

HKEX Allotment (T-1)

2024-12-24

Evening

Registrar Allotment (T-1)

2024-12-24

Evening

Listing Day (T)

2024-12-27

First day of trading

Company Overview

Stock Name	佑驾创新
Stock Code	02431
Company Full Name	佑驾创新
Industry	軟件服務
Principal Activities	公司是中國領先的智能駕駛及智能座艙解決方案供應商，為駕駛體驗的關鍵環節提供解決方案，包括領航、泊車和艙內功能。
Listing Date	2024-12-27
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國廣東省深圳市福田區沙頭街道上沙社區濱河大道9285號中洲濱海商業中心二期1棟A座25層
Business Address (Hong Kong)	To be extracted
Place of Incorporation	To be extracted
Listing Method	To be extracted
Listing Board	Main Board
Website	https://www.minieye.cc/
Share Registrar	卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar Contact	(852)2980 1333
A-Share/US Dual Listing	No data

Offering Information

Offering Mechanism	To be extracted
Offer Price	HK$ 17.00 / 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	81.1%
Clawback Tiers	To be extracted
Reallocation Option	To be confirmed
Total Global Offering Size	HK$ 66,623,000

Subscription Tiers

Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.

Pool A

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
1 lots	200	HK$ 3,400
2 lots	400	HK$ 6,800
3 lots	600	HK$ 10,200
4 lots	800	HK$ 13,600
5 lots	1,000	HK$ 17,000
6 lots	1,200	HK$ 20,400
7 lots	1,400	HK$ 23,800
8 lots	1,600	HK$ 27,200
9 lots	1,800	HK$ 30,600
10 lots	2,000	HK$ 34,000
15 lots	3,000	HK$ 51,000
20 lots	4,000	HK$ 68,000
25 lots	5,000	HK$ 85,000
30 lots	6,000	HK$ 102,000
35 lots	7,000	HK$ 119,000
40 lots	8,000	HK$ 136,000
45 lots	9,000	HK$ 153,000
50 lots	10,000	HK$ 170,000
100 lots	20,000	HK$ 340,000
150 lots	30,000	HK$ 510,000
200 lots	40,000	HK$ 680,000
250 lots	50,000	HK$ 850,000
300 lots	60,000	HK$ 1,020,000
350 lots	70,000	HK$ 1,190,000
400 lots	80,000	HK$ 1,360,000
450 lots	90,000	HK$ 1,530,000
500 lots	100,000	HK$ 1,700,000
1,000 lots	200,000	HK$ 3,400,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
1,500 lots	300,000	HK$ 5,100,000
2,000 lots	400,000	HK$ 6,800,000
2,500 lots	500,000	HK$ 8,500,000
3,000 lots	600,000	HK$ 10,200,000
7,000 lots	1,400,000	HK$ 23,800,000

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$ 19.4
First Day Open	HK$ 18.6
First Day Change	14.12%
First Day Volume	5996500.0
First Day Turnover	110346000.0

Use of Proceeds

Use of Proceeds	1、約40%或266.3百萬港元將用于提升研發能力及招聘及留任相關研發人才，以(i)研究人工智能技術、(ii)改進產品研發能力并加強創新商業化能力及(iii)提高研發流程的可延展性、效率和有效性； 2、約30%或199.8百萬港元將于接下來的三年內用于提升生產效率及解決方案競爭力； 3、約20%或133.2百萬港元將于接下來的三年內用于加強銷售和營銷能力； 4、約10%或66.6百萬港元將用作營運資金和一般企業用途。

1、約40%或266.3百萬港元將用于提升研發能力及招聘及留任相關研發人才，以(i)研究人工智能技術、(ii)改進產品研發能力并加強創新商業化能力及(iii)提高研發流程的可延展性、效率和有效性； 2、約30%或199.8百萬港元將于接下來的三年內用于提升生產效率及解決方案競爭力； 3、約20%或133.2百萬港元將于接下來的三年內用于加強銷售和營銷能力； 4、約10%或66.6百萬港元將用作營運資金和一般企業用途。

Underwriting Syndicate

Joint Sponsors (2)

中信证券（香港）有限公司 CE AAK249 中国国际金融香港证券有限公司 CE AEN894

Overall Coordinators (5)

中信里昂证券有限公司 CE AAB893 中国国际金融香港证券有限公司 CE AEN894 软库中华金融服务有限公司 CE ABD523 国证国际证券（香港）有限公司 CE AUW685 Long Bridge HK Limited CE BPX066

Joint Bookrunners (14)

中信里昂证券有限公司 CE AAB893 中国国际金融香港证券有限公司 CE AEN894 软库中华金融服务有限公司 CE ABD523 国证国际证券（香港）有限公司 CE AUW685 Long Bridge HK Limited CE BPX066 农银国际证券有限公司 CE ACX411 中银国际亚洲有限公司 CE AET863 民银证券有限公司 CE APU820 富途证券国际（香港）有限公司 CE AZT137 PHILLIP SECURITIES (HONG KONG) LIMITED CE AAG460 申万宏源证券（香港）有限公司 CE AAC927 浦银国际融资有限公司 CE BFZ375 老虎证券（香港）环球有限公司 CE BMU940 TradeGo Markets Limited CE BRO637

Joint Lead Managers (16)

Cornerstone Investors

#	Investor Name	Investment Amount	Shares Subscribed	% of Offer Shares	% of Total Shares	Lock-up Period	Est. Unlock Date
1	Horizon Together Holding Ltd.	11,658,600 HKD	—	1.75%	—	6 months	2025-06-27
2	康成亨国际投资有限公司	528,577,600 HKD	—	79.34%	—	6 months	2025-06-27

Directors & Management

Chairman	劉國清
Company Secretary	羅希文,陳恩霖

No director data available.

Major Shareholders

Major Shareholders & Holdings	北京四維圖新科技股份有限公司(8.17%);深圳澤奕半導體投資合伙企業(5.37%);國開制造業轉型升級基金(5.15%);中金資本運營有限公司(5.01%)

AI AI Analysis

Market Sentiment

The oversubscription ratio of 14.04x reflects moderate investor enthusiasm, while the high hit rate of 69.25% suggests that most applications were for small lots and the offering was relatively accessible. No clawback trigger and a reallocation signal that demand was evenly distributed without excessive top-tier pressure. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A-tail applied for 200,000 lots but expected only 1 lot, while B-head applied for 300,000 lots and also expected just 1 lot, revealing a highly compressed allocation where large subscribers gain minimal additional shares. The near-identical expected lots at both tiers, despite a 50% higher application size at B-head, make the marginal cost per lot particularly inefficient for B-head investors. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland Chinese investors dominated at 85.8%, signaling strong cross-border demand, versus just 14.0% from Hong Kong. The pool skewed male (66.7%) with an average age of 41.0, fitting the typical retail profile. The low local participation may reflect a lack of targeted Hong Kong marketing or a preference for mainland-favored names. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Subscription Tiers

IPO Timeline

佑驾创新 02431Prospectus Information

Market Sentiment

Tier Analysis

Demographics