IPO Timeline
Broker Deadline
2024-03-05
Morning deadline
HKEX Deadline
2024-03-05
Noon deadline
Broker Results (T-2)
2024-03-06
Some brokers release in afternoon
Grey Market (T-1)
2024-03-07
Afternoon
HKEX Allotment (T-1)
2024-03-07
Evening
Registrar Allotment (T-1)
2024-03-07
Evening
Listing Day (T)
2024-03-08
First day of trading
Company Overview
| Stock Name | 乐思集团 |
|---|---|
| Stock Code | 02540 |
| Company Full Name | 乐思集团 |
| Industry | 影視傳媒 |
| Principal Activities | 公司是中國的移動廣告服務供應商，主要向客戶提供全面的移動廣告服務，以在媒體伙伴營運的媒體平臺營銷其品牌、產品及╱或服務。 |
| Listing Date | 2024-03-08 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國北京市朝陽區中鐵建廣場B座25樓 |
| 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.lscx.com.cn/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 1.50 / shares |
| Offer Price Range | Final offer price only, no range |
| 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) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 41,250,000 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 2,500 | HK$ 3,750 |
| 2 lots | 5,000 | HK$ 7,500 |
| 3 lots | 7,500 | HK$ 11,250 |
| 4 lots | 10,000 | HK$ 15,000 |
| 5 lots | 12,500 | HK$ 18,750 |
| 6 lots | 15,000 | HK$ 22,500 |
| 7 lots | 17,500 | HK$ 26,250 |
| 8 lots | 20,000 | HK$ 30,000 |
| 10 lots | 25,000 | HK$ 37,500 |
| 12 lots | 30,000 | HK$ 45,000 |
| 14 lots | 35,000 | HK$ 52,500 |
| 16 lots | 40,000 | HK$ 60,000 |
| 18 lots | 45,000 | HK$ 67,500 |
| 20 lots | 50,000 | HK$ 75,000 |
| 24 lots | 60,000 | HK$ 90,000 |
| 28 lots | 70,000 | HK$ 105,000 |
| 32 lots | 80,000 | HK$ 120,000 |
| 36 lots | 90,000 | HK$ 135,000 |
| 40 lots | 100,000 | HK$ 150,000 |
| 50 lots | 125,000 | HK$ 187,500 |
| 60 lots | 150,000 | HK$ 225,000 |
| 70 lots | 175,000 | HK$ 262,500 |
| 80 lots | 200,000 | HK$ 300,000 |
| 100 lots | 250,000 | HK$ 375,000 |
| 120 lots | 300,000 | HK$ 450,000 |
| 140 lots | 350,000 | HK$ 525,000 |
| 160 lots | 400,000 | HK$ 600,000 |
| 180 lots | 450,000 | HK$ 675,000 |
| 200 lots | 500,000 | HK$ 750,000 |
| 240 lots | 600,000 | HK$ 900,000 |
| 280 lots | 700,000 | HK$ 1,050,000 |
| 320 lots | 800,000 | HK$ 1,200,000 |
| 360 lots | 900,000 | HK$ 1,350,000 |
| 400 lots | 1,000,000 | HK$ 1,500,000 |
| 600 lots | 1,500,000 | HK$ 2,250,000 |
| 800 lots | 2,000,000 | HK$ 3,000,000 |
| 1,000 lots | 2,500,000 | HK$ 3,750,000 |
| 1,200 lots | 3,000,000 | HK$ 4,500,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,400 lots | 3,500,000 | HK$ 5,250,000 |
| 1,600 lots | 4,000,000 | HK$ 6,000,000 |
| 2,200 lots | 5,500,000 | HK$ 8,250,000 |
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$ 1.5 |
|---|---|
| First Day Open | HK$ 0.9 |
| First Day Change | -14.55% |
| First Day Volume | 65740000.0 |
| First Day Turnover | 83668400.0 |
Use of Proceeds
| Use of Proceeds | 1、約40.0%或43.4百萬港元，用于擴大客戶基礎及廣告分發網絡，藉此擴充公司在中國的移動廣告業務； 2、約20.0%或21.7百萬港元，用于提升公司的短視頻制作能力； 3、約20.0%或21.7百萬港元，用于優化及升級自家開發平臺的功能； 4、約10.0%或10.9百萬港元，將用于在時機來臨時為中國或海外市場的廣告及營銷行業的任何并購機會提供資金； 5、約10.0%或10.9百萬港元，用作營運資金及一般企業用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
华升资本有限公司 CE BHR763(sole)
Overall Coordinators (1)
华升证券（国际）有限公司 CE AFS030(sole)
Joint Global Coordinators (2)
华升资本有限公司 CE BHR763
华升证券（国际）有限公司 CE AFS030
Joint Bookrunners (6)
华升证券（国际）有限公司 CE AFS030
农银国际融资有限公司 CE AWL249
中银国际亚洲有限公司 CE AET863
交银国际证券有限公司 CE APJ121
光银国际资本有限公司 CE BGH296
中国银河国际证券（香港）有限公司 CE AXM459
Joint Lead Managers (10)
华升证券（国际）有限公司 CE AFS030
农银国际证券有限公司 CE ACX411
中银国际亚洲有限公司 CE AET863
交银国际证券有限公司 CE APJ121
光银国际资本有限公司 CE BGH296
中国银河国际证券（香港）有限公司 CE AXM459
长桥证券（香港）有限公司
东方证券（香港）有限公司 CE AVD362
东吴证券国际经纪有限公司 CE AYA587
华盛资本证券有限公司 CE AUL711
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
乐博律师事务所有限法律责任合伙 竞天公诚律师事务所 康德明律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
夏礼文律师行 嘉源律师事务所 |
| Auditor and Reporting Accountant | 毕马威会计师事务所 |
| Industry Advisor | 上海艾瑞市场咨询股份有限公司 |
| Compliance Advisor | 华升资本有限公司 CE BHR763 |
| Receiving Banks | 招商永隆银行有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | 趙利兵 |
|---|---|
| Company Secretary | 李卓宏;聶江 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | Ka Lok Holdings Limited(71.25%) |
|---|
AI
AI Analysis
Market Sentiment
The IPO was 22.35 times oversubscribed, signaling strong retail enthusiasm. All 5,113 valid applications received allotments due to reallocation, yielding an unusual 100% hit rate. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A-tail applicants with HKD 3,000,000 and B-head applicants with HKD 3,500,000 were both allotted 1 lot, highlighting a tier inefficiency where the extra HKD 500,000 in the B-head yielded no additional shares. This makes the A-tail more capital-efficient, though actual broker fees vary. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
No demographic breakdown was provided in the source data. The full allotment suggests manageable application numbers, but participant profiles remain unknown. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Subscription Tiers
IPO Timeline
