七牛智能 02567Prospectus Information

Prospectus Information
IPO Timeline
Broker Deadline
2024-10-10
Morning deadline
HKEX Deadline
2024-10-10
Noon deadline
Broker Results (T-2)
2024-10-14
Some brokers release in afternoon
Grey Market (T-1)
2024-10-15
Afternoon
HKEX Allotment (T-1)
2024-10-15
Evening
Registrar Allotment (T-1)
2024-10-15
Evening
Listing Day (T)
2024-10-16
First day of trading
Company Overview
Stock Name七牛智能
Stock Code02567
Company Full Name七牛智能
Industry軟件服務
Principal Activities公司是中國第三大音視頻PaaS服務商,僅次于中國最大的兩家互聯網公司的音視頻PaaS業務。
Listing Date2024-10-16
Listing Rules EraOld Rules
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)中國上海市浦東新區博霞路66號Q座1–4樓
Business Address (Hong Kong)To be extracted
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitehttps://www.qiniu.ltd/
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 ListingNo
Offering Information
Offering Mechanism To be extracted
Offer PriceHK$ 2.75 / shares
Offer Price RangeTo be extracted
Lot SizeTo be extracted
Entry ThresholdTo be extracted
Par ValueTo be extracted
Offer Period2024-09-30 to 2024-10-10
Global Offering SharesTo 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 RatioTo be extracted
Total Shares Post-IPOTo be extracted
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)To be extracted
Cornerstone Share40.0%
Clawback TiersTo be extracted
Reallocation OptionNo
Total Global Offering SizeHK$ 131,793,750
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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 1,000 HK$ 2,750
2 lots 2,000 HK$ 5,500
3 lots 3,000 HK$ 8,250
4 lots 4,000 HK$ 11,000
5 lots 5,000 HK$ 13,750
6 lots 6,000 HK$ 16,500
7 lots 7,000 HK$ 19,250
8 lots 8,000 HK$ 22,000
9 lots 9,000 HK$ 24,750
10 lots 10,000 HK$ 27,500
15 lots 15,000 HK$ 41,250
20 lots 20,000 HK$ 55,000
25 lots 25,000 HK$ 68,750
30 lots 30,000 HK$ 82,500
35 lots 35,000 HK$ 96,250
40 lots 40,000 HK$ 110,000
45 lots 45,000 HK$ 123,750
50 lots 50,000 HK$ 137,500
60 lots 60,000 HK$ 165,000
70 lots 70,000 HK$ 192,500
80 lots 80,000 HK$ 220,000
90 lots 90,000 HK$ 247,500
100 lots 100,000 HK$ 275,000
200 lots 200,000 HK$ 550,000
300 lots 300,000 HK$ 825,000
400 lots 400,000 HK$ 1,100,000
500 lots 500,000 HK$ 1,375,000
600 lots 600,000 HK$ 1,650,000
700 lots 700,000 HK$ 1,925,000
800 lots 800,000 HK$ 2,200,000
900 lots 900,000 HK$ 2,475,000
1,000 lots 1,000,000 HK$ 2,750,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
2,000 lots 2,000,000 HK$ 5,500,000
3,000 lots 3,000,000 HK$ 8,250,000
4,000 lots 4,000,000 HK$ 11,000,000
5,000 lots 5,000,000 HK$ 13,750,000
6,000 lots 6,000,000 HK$ 16,500,000
7,987 lots 7,987,000 HK$ 21,964,250
Valuation & Financials
Market Cap (at Offer Price)To be extracted
Pre-IPO Valuation (Last Round)To be extracted
P/E RatioTo be extracted
Profit/Loss StatusTo be extracted
Period-End Cash BalanceTo be extracted
Listing ExpensesTo be extracted
Listing Expenses / Funds RaisedTo be extracted
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 1.19
First Day OpenHK$ 1.6
First Day Change-56.73%
First Day Volume121377000.0
First Day Turnover166432000.0
Use of Proceeds
Use of Proceeds1、約38.0%(或約142.4百萬港元)預期將用于滲透及夯實APaaS業務中應用場景的占有率及發展與擴大客戶群; 2、約20.0%(或約74.9百萬港元)預期將用于未來36至60個月擴展海外業務; 3、約12.0%(或約45.0百萬港元)預期將用于提升研發能力并完善技術基礎設施; 4、約20%(或約74.9百萬港元)預期將用于選定合并、收購和戰略投資; 5、約10.0%(或約37.5百萬港元)預期將用作營運資金及一般公司用途。
Underwriting Syndicate
Joint Sponsors (2)
申万宏源融资(香港)有限公司 CE ABC209 交银国际(亚洲)有限公司
Sponsor cum Overall Coordinator (2)
申万宏源证券(香港)有限公司 CE AAC927 交银国际证券有限公司 CE APJ121
Overall Coordinators (3)
申万宏源证券(香港)有限公司 CE AAC927 交银国际证券有限公司 CE APJ121 华泰金融控股(香港)有限公司 CE AOK809
Joint Global Coordinators (3)
申万宏源证券(香港)有限公司 CE AAC927 交银国际证券有限公司 CE APJ121 华泰金融控股(香港)有限公司 CE AOK809
Joint Bookrunners (10)
申万宏源证券(香港)有限公司 CE AAC927 交银国际证券有限公司 CE APJ121 华泰金融控股(香港)有限公司 CE AOK809 广发证券(香港)经纪有限公司 招银国际融资有限公司 CE AVM940 农银国际融资有限公司 CE AWL249 浙商国际金融控股有限公司 CE BGD825 招商证券(香港)有限公司 CE AAI650 民银证券有限公司 CE APU820 国证国际证券(香港)有限公司 CE AUW685
Joint Lead Managers (13)
申万宏源证券(香港)有限公司 CE AAC927 交银国际证券有限公司 CE APJ121 华泰金融控股(香港)有限公司 CE AOK809 广发证券(香港)经纪有限公司 招银国际融资有限公司 CE AVM940 农银国际证券有限公司 CE ACX411 浙商国际金融控股有限公司 CE BGD825 招商证券(香港)有限公司 CE AAI650 民银证券有限公司 CE APU820 国证国际证券(香港)有限公司 CE AUW685 富途证券国际(香港)有限公司 CE AZT137 利弗莫尔证券有限公司 CE BJN764 老虎证券(香港)环球有限公司 CE BMU940
Capital Market Intermediaries (14)
申万宏源证券(香港)有限公司 CE AAC927 交银国际证券有限公司 CE APJ121 华泰金融控股(香港)有限公司 CE AOK809 广发证券(香港)经纪有限公司 招银国际融资有限公司 CE AVM940 农银国际融资有限公司 CE AWL249 农银国际证券有限公司 CE ACX411 浙商国际金融控股有限公司 CE BGD825 招商证券(香港)有限公司 CE AAI650 民银证券有限公司 CE APU820 国证国际证券(香港)有限公司 CE AUW685 富途证券国际(香港)有限公司 CE AZT137 利弗莫尔证券有限公司 CE BJN764 老虎证券(香港)环球有限公司 CE BMU940
Service Providers
RoleInstitution
Legal Advisor to Company 嘉源律师事务所
金杜律师事务所
迈普达律师事务所(香港)有限法律责任合伙
蓝钰法律事务所
Legal Advisor to Sponsors/Underwriters 竞天公诚律师事务所有限法律责任合伙
竞天公诚律师事务所
Auditor and Reporting Accountant 安永会计师事务所
Industry Advisor 上海艾瑞市场咨询有限公司
Receiving Banks 中国银行(香港)有限公司
中信银行(国际)有限公司
Cornerstone Investors
#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 禾顺有限合伙 175,725,000 HKD 40.00% 6 months 2025-04-16
Directors & Management
Chairman許式偉
Company Secretary張袁昊;梁君慧
No director data available.
Major Shareholders
Major Shareholders & HoldingsDream Galaxy(16.52%),淘寶中國(16.27%),Magic Logistics(11.44%),MPC II L.P(7.34%),永祿控股(6.74%),啟明基金(6.29%)
AI AI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The oversubscription ratio of 19.87x signals moderate investor enthusiasm rather than extreme hype. An unusually high hit rate of 91.46% indicates that most applicants received allocations, which may reflect a relatively generous allocation policy or subdued institutional demand. The final offer price was set at HK$2.75, but no pricing range is available for comparison. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The tail of the A-tier (甲尾) expects 1.0 lot for an investment of HK$1,000,000, while the head of the B-tier (乙头) also expects 1.0 lot but requires HK$2,000,000, making the B-tier capital considerably less efficient. This flattening across tiers suggests that the clawback mechanism or allocation algorithm provided no advantage to tier-B applicants, which is atypical and may disadvantage larger applicants. Broker fee structures vary, so the higher capital outlay at tier B could exacerbate net inefficiencies. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland Chinese investors dominate the applicant pool at 70.9%, signaling strong interest from cross-border participants in this Hong Kong IPO. The gender split is skewed male (66.9%) and the average age is 43.0, indicating a mature, likely experienced investor base. No regional concentration data is available, but the high mainland percentage suggests a heavy Guangdong or Greater Bay Area tilt. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Subscription Tiers
IPO Timeline
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