连连数字 02598 Prospectus Information

IPO Timeline

Broker Results (T-2)

2024-03-26

Some brokers release in afternoon

Grey Market (T-1)

2024-03-27

Afternoon

HKEX Allotment (T-1)

2024-03-27

Evening

Registrar Allotment (T-1)

2024-03-27

Evening

Listing Day (T)

2024-03-28

First day of trading

Company Overview

Stock Name	连连数字
Stock Code	02598
Company Full Name	连连数字
Industry	軟件服務
Principal Activities	公司是中國的數字支付解決方案提供商，具備服務世界各地客戶的全球支付能力。
Listing Date	2024-03-28
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國浙江省杭州市濱江區越達巷79號1號樓12樓B3
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.lianlian.com/
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 data

Offering Information

Offering Mechanism	To be extracted
Offer Price	HK$ 10.22 / 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	55.5%
Clawback Tiers	To be extracted
Reallocation Option	To be confirmed
Total Global Offering Size	HK$ 197,143,800

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	500	HK$ 5,110
2 lots	1,000	HK$ 10,220
3 lots	1,500	HK$ 15,330
4 lots	2,000	HK$ 20,440
5 lots	2,500	HK$ 25,550
6 lots	3,000	HK$ 30,660
7 lots	3,500	HK$ 35,770
8 lots	4,000	HK$ 40,880
9 lots	4,500	HK$ 45,990
10 lots	5,000	HK$ 51,100
12 lots	6,000	HK$ 61,320
14 lots	7,000	HK$ 71,540
16 lots	8,000	HK$ 81,760
18 lots	9,000	HK$ 91,980
20 lots	10,000	HK$ 102,200
30 lots	15,000	HK$ 153,300
40 lots	20,000	HK$ 204,400
50 lots	25,000	HK$ 255,500
60 lots	30,000	HK$ 306,600
70 lots	35,000	HK$ 357,700
80 lots	40,000	HK$ 408,800
90 lots	45,000	HK$ 459,900
100 lots	50,000	HK$ 511,000
200 lots	100,000	HK$ 1,022,000
300 lots	150,000	HK$ 1,533,000
400 lots	200,000	HK$ 2,044,000
500 lots	250,000	HK$ 2,555,000
600 lots	300,000	HK$ 3,066,000
700 lots	350,000	HK$ 3,577,000
800 lots	400,000	HK$ 4,088,000
900 lots	450,000	HK$ 4,599,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
1,000 lots	500,000	HK$ 5,110,000
1,200 lots	600,000	HK$ 6,132,000
1,400 lots	700,000	HK$ 7,154,000
2,000 lots	1,000,000	HK$ 10,220,000
3,000 lots	1,500,000	HK$ 15,330,000
5,592 lots	2,796,000	HK$ 28,575,120

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$ 9.44
First Day Open	HK$ 9.8
First Day Change	-7.63%
First Day Volume	15429700.0
First Day Turnover	149692000.0

Use of Proceeds

Use of Proceeds	1、約60.0%或約291.0百萬港元將在未來五年內用于提高本公司的技術能力； 2、約30.0%或約145.5百萬港元將于未來五年內用于擴大本公司的全球業務運營； 3、約5.0%或約24.3百萬港元將于未來五年內用于未來的戰略投資及收購，以豐富本公司的服務及產品，提高本公司的技術能力，并加強本公司的國際業務； 4、約5.0%或約24.3百萬港元預計將用于一般公司用途及營運資金需求。

1、約60.0%或約291.0百萬港元將在未來五年內用于提高本公司的技術能力； 2、約30.0%或約145.5百萬港元將于未來五年內用于擴大本公司的全球業務運營； 3、約5.0%或約24.3百萬港元將于未來五年內用于未來的戰略投資及收購，以豐富本公司的服務及產品，提高本公司的技術能力，并加強本公司的國際業務； 4、約5.0%或約24.3百萬港元預計將用于一般公司用途及營運資金需求。

Underwriting Syndicate

Joint Sponsors (2)

中国国际金融香港证券有限公司 CE AEN894 J.P. Morgan Securities (Far East) Limited CE AAB026

Overall Coordinators (4)

中国国际金融香港证券有限公司 CE AEN894 J.P. Morgan Securities (Asia Pacific) Limited CE AAJ321 法国巴黎证券（亚洲）有限公司 CE AAF669 德意志银行香港分行

Joint Bookrunners (13)

中国国际金融香港证券有限公司 CE AEN894 J.P. Morgan Securities (Asia Pacific) Limited CE AAJ321 法国巴黎证券（亚洲）有限公司 CE AAF669 德意志银行香港分行农银国际证券有限公司 CE ACX411 财通国际证券有限公司 CE AZF063 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 国泰君安证券（香港）有限公司 CE ABY236 工银国际证券有限公司 CE ARO299 老虎证券（香港）环球有限公司 CE BMU940 中泰国际证券有限公司 CE BAA855

Joint Lead Managers (13)

Cornerstone Investors

#	Investor Name	Investment Amount	Shares Subscribed	% of Offer Shares	% of Total Shares	Lock-up Period	Est. Unlock Date
1	杭州城投产业发展投资合伙企业(有限合伙)	182,391,230 HKD	—	27.76%	—	6 months	2024-09-28
2	杭州高新创业投资有限公司	182,391,230 HKD	—	27.76%	—	6 months	2024-09-28

Directors & Management

Chairman	章征宇
Company Secretary	梁皚欣,許葉丹

No director data available.

Major Shareholders

Major Shareholders & Holdings	杭州創連致新投資合伙企業(16.08%);章征宇(10.97%);呂鐘霖(8.62%);天津光大創新科技投資中心(7.47%)

AI AI Analysis

Market Sentiment

连连数字以10.22港元定价，公开发售超额认购16.94倍，但中签率高达100%，显示实际散户需求有限或分配规则异常宽松，与典型IPO中签率分布不同。这可能是由于国际配售部分认购不足导致大量股份回拨，或公司刻意实行普惠分配策略。（This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.）

Tier Analysis

甲尾申请450,000股（900手）与乙头申请500,000股（1,000手）均预期仅获配1手，乙头多投入约50万港元未获额外股份，资金效率极低。该异常平坦的分配曲线表明，在边际处大小户几乎无差别待遇，可能打击乙组打新热情。（This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.）

Demographics

招股结果未披露持有人总数及地域分布，内地与香港投资者占比均显示为0%，或为数据缺失。通常内地参与者比例是重要情绪指标，此次缺失可能限制了对市场热度的深层判断。（This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.）

Subscription Tiers

IPO Timeline

连连数字 02598Prospectus Information

Market Sentiment

Tier Analysis

Demographics