IPO Timeline
Broker Results (T-2)
2024-12-04
Some brokers release in afternoon
Grey Market (T-1)
2024-12-05
Afternoon
HKEX Allotment (T-1)
2024-12-05
Evening
Registrar Allotment (T-1)
2024-12-05
Evening
Listing Day (T)
2024-12-06
First day of trading
Company Overview
| Stock Name | 多点数智 |
|---|---|
| Stock Code | 02586 |
| Company Full Name | 多点数智 |
| Industry | 軟件服務 |
| Principal Activities | 公司為本地零售業的零售商提供零售數字化解決方案，成功將業務擴展至亞洲其他國家及地區，包括香港特別行政區、柬埔寨、新加坡、馬來西亞、澳門特別行政區、印尼、菲律賓及文萊。 |
| Listing Date | 2024-12-06 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國北京市海淀區中關村大街28號海淀文化藝術大廈B座8樓 |
| 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.dmall.com/ |
| 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$ 30.21 / 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 | 39.0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 77,863,254 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 3,021 |
| 2 lots | 200 | HK$ 6,042 |
| 2 lots | 200 | HK$ 6,042 |
| 3 lots | 300 | HK$ 9,063 |
| 3 lots | 300 | HK$ 9,063 |
| 4 lots | 400 | HK$ 12,084 |
| 4 lots | 400 | HK$ 12,084 |
| 5 lots | 500 | HK$ 15,105 |
| 5 lots | 500 | HK$ 15,105 |
| 6 lots | 600 | HK$ 18,126 |
| 6 lots | 600 | HK$ 18,126 |
| 7 lots | 700 | HK$ 21,147 |
| 7 lots | 700 | HK$ 21,147 |
| 8 lots | 800 | HK$ 24,168 |
| 8 lots | 800 | HK$ 24,168 |
| 9 lots | 900 | HK$ 27,189 |
| 9 lots | 900 | HK$ 27,189 |
| 10 lots | 1,000 | HK$ 30,210 |
| 10 lots | 1,000 | HK$ 30,210 |
| 15 lots | 1,500 | HK$ 45,315 |
| 15 lots | 1,500 | HK$ 45,315 |
| 20 lots | 2,000 | HK$ 60,420 |
| 20 lots | 2,000 | HK$ 60,420 |
| 25 lots | 2,500 | HK$ 75,525 |
| 25 lots | 2,500 | HK$ 75,525 |
| 30 lots | 3,000 | HK$ 90,630 |
| 30 lots | 3,000 | HK$ 90,630 |
| 35 lots | 3,500 | HK$ 105,735 |
| 35 lots | 3,500 | HK$ 105,735 |
| 40 lots | 4,000 | HK$ 120,840 |
| 45 lots | 4,500 | HK$ 135,945 |
| 45 lots | 4,500 | HK$ 135,945 |
| 50 lots | 5,000 | HK$ 151,050 |
| 50 lots | 5,000 | HK$ 151,050 |
| 60 lots | 6,000 | HK$ 181,260 |
| 60 lots | 6,000 | HK$ 181,260 |
| 70 lots | 7,000 | HK$ 211,470 |
| 70 lots | 7,000 | HK$ 211,470 |
| 80 lots | 8,000 | HK$ 241,680 |
| 90 lots | 9,000 | HK$ 271,890 |
| 90 lots | 9,000 | HK$ 271,890 |
| 100 lots | 10,000 | HK$ 302,100 |
| 100 lots | 10,000 | HK$ 302,100 |
| 200 lots | 20,000 | HK$ 604,200 |
| 200 lots | 20,000 | HK$ 604,200 |
| 300 lots | 30,000 | HK$ 906,300 |
| 400 lots | 40,000 | HK$ 1,208,400 |
| 500 lots | 50,000 | HK$ 1,510,500 |
| 600 lots | 60,000 | HK$ 1,812,600 |
| 800 lots | 80,000 | HK$ 2,416,800 |
| 900 lots | 90,000 | HK$ 2,718,900 |
| 1,000 lots | 100,000 | HK$ 3,021,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 6,042,000 |
| 4,000 lots | 400,000 | HK$ 12,084,000 |
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$ 13.8 |
|---|---|
| First Day Open | HK$ 21.7 |
| First Day Change | -54.32% |
| First Day Volume | 3667840.0 |
| First Day Turnover | 62643700.0 |
Use of Proceeds
| Use of Proceeds | 1、約42.1%，或262.6百萬港元將用于開發新應用程序及新服務模塊； 2、約30.0%，或187.1百萬港元將用于與公司的業務擴張相關的人才招聘； 3、約10.0%，或62.4百萬港元將用于選擇性地尋求與公司的自然增長戰略互補的戰略合作、投資及收購； 4、約7.9%，或49.3百萬港元將用于擴大公司的銷售網絡并進一步加強公司的品牌聲譽； 5、約10.0%，或62.4百萬港元將用于營運資金及一般企業用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (3)
UBS Securities Hong Kong Limited CE BIN466
招银国际融资有限公司 CE AVM940
招商证券（香港）有限公司 CE AAI650
Overall Coordinators (8)
UBS Securities Hong Kong Limited CE BIN466
招银国际融资有限公司 CE AVM940
招商证券（香港）有限公司 CE AAI650
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
建银国际金融有限公司 CE AJO225
民银证券有限公司 CE APU820
海通国际证券有限公司 CE AAF806
Joint Bookrunners (22)
UBS Securities Hong Kong Limited CE BIN466
招银国际融资有限公司 CE AVM940
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
建银国际金融有限公司 CE AJO225
民银证券有限公司 CE APU820
海通国际证券有限公司 CE AAF806
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
中州国际证券有限公司 CE BFI947
中国银河国际证券（香港）有限公司 CE AXM459
富途证券国际（香港）有限公司 CE AZT137
GF Securities (Hong Kong) Brokerage Limited CE AOB364
工银国际证券有限公司 CE ARO299
东方证券（香港）有限公司 CE AVD362
百惠证券有限公司 CE BPQ161
瑞邦证券有限公司 CE BIJ312
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
大华继显（香港）有限公司 CE AAW261
Joint Lead Managers (22)
UBS Securities Hong Kong Limited CE BIN466
招银国际融资有限公司 CE AVM940
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
建银国际金融有限公司 CE AJO225
民银证券有限公司 CE APU820
海通国际证券有限公司 CE AAF806
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
中州国际证券有限公司 CE BFI947
中国银河国际证券（香港）有限公司 CE AXM459
富途证券国际（香港）有限公司 CE AZT137
GF Securities (Hong Kong) Brokerage Limited CE AOB364
工银国际证券有限公司 CE ARO299
东方证券（香港）有限公司 CE AVD362
百惠证券有限公司 CE BPQ161
瑞邦证券有限公司 CE BIJ312
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
大华继显（香港）有限公司 CE AAW261
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | DFI DEVELOPMENT HOLDINGS LIMITED | 304,063,650 HKD | — | 39.05% | — | 6 months | 2025-06-06 |
Directors & Management
| Chairman | 馮廣晟 |
|---|---|
| Company Secretary | 王怡,區詠詩 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | Celestial Limited(47.76%),Vigorous Link Group Limited(8.46%),Odor Nice Limited(7.77%) |
|---|
AI
AI Analysis
Market Sentiment
The IPO experienced a modest 1.94x oversubscription, reflecting tepid market enthusiasm. With a 100% hit rate, every valid application was fully allocated, and the final price settled at HKD 30.21 without triggering any clawback. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
The last A-tier (甲尾) applicant at HKD 100,000 and first B-tier (乙头) at HKD 200,000 both had an expected allocation of just 1 lot, creating an unusual parity. This suggests that A-tail investors achieved equivalent allocation with half the capital, potentially indicating lower broker fee efficiency for B-head subscribers. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Broker fee structures vary and actual costs may differ. Not financial advice.)
Demographics
Mainland Chinese participants made up 84.1% of applicants, signaling strong cross-border retail interest despite the cool overall response. The investor base skewed male (68.6%) with an average age of 43.1, a common profile in Hong Kong IPOs. (This is AI-generated commentary based on historical data. Data may contain errors; verify against official HKEX filings. For informational purposes only. Not financial advice.)
Subscription Tiers
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