IPO Timeline
Broker Deadline
2025-06-20
Morning deadline
HKEX Deadline
2025-06-20
Noon deadline
Broker Results (T-2)
2025-06-23
Some brokers release in afternoon
Grey Market (T-1)
2025-06-24
Afternoon
HKEX Allotment (T-1)
2025-06-24
Evening
Registrar Allotment (T-1)
2025-06-24
Evening
Listing Day (T)
2025-06-25
First day of trading
Company Overview
| Stock Name | 曹操出行 |
|---|---|
| Stock Code | 02643 |
| Company Full Name | 曹操出行 |
| Industry | 軟件服務 |
| Principal Activities | 公司創立于2015年5月21日，是吉利控股集團布局“新能源汽車共享生態”的戰略性投資業務，目前已經發展為中國領先的共享出行平臺。 |
| Listing Date | 2025-06-25 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國江蘇省蘇州市相城區高鐵新城陸港街66號芯匯湖大廈1幢 |
| 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.caocao.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$ 41.94 / 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 | 2025-06-17 to 2025-06-20 |
| 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) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 51.3% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 555,855,984 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 4,194 |
| 2 lots | 200 | HK$ 8,388 |
| 3 lots | 300 | HK$ 12,582 |
| 4 lots | 400 | HK$ 16,776 |
| 5 lots | 500 | HK$ 20,970 |
| 6 lots | 600 | HK$ 25,164 |
| 7 lots | 700 | HK$ 29,358 |
| 8 lots | 800 | HK$ 33,552 |
| 9 lots | 900 | HK$ 37,746 |
| 10 lots | 1,000 | HK$ 41,940 |
| 15 lots | 1,500 | HK$ 62,910 |
| 20 lots | 2,000 | HK$ 83,880 |
| 25 lots | 2,500 | HK$ 104,850 |
| 30 lots | 3,000 | HK$ 125,820 |
| 35 lots | 3,500 | HK$ 146,790 |
| 40 lots | 4,000 | HK$ 167,760 |
| 45 lots | 4,500 | HK$ 188,730 |
| 50 lots | 5,000 | HK$ 209,700 |
| 60 lots | 6,000 | HK$ 251,640 |
| 70 lots | 7,000 | HK$ 293,580 |
| 80 lots | 8,000 | HK$ 335,520 |
| 90 lots | 9,000 | HK$ 377,460 |
| 100 lots | 10,000 | HK$ 419,400 |
| 200 lots | 20,000 | HK$ 838,800 |
| 300 lots | 30,000 | HK$ 1,258,200 |
| 400 lots | 40,000 | HK$ 1,677,600 |
| 500 lots | 50,000 | HK$ 2,097,000 |
| 600 lots | 60,000 | HK$ 2,516,400 |
| 700 lots | 70,000 | HK$ 2,935,800 |
| 800 lots | 80,000 | HK$ 3,355,200 |
| 900 lots | 90,000 | HK$ 3,774,600 |
| 1,000 lots | 100,000 | HK$ 4,194,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 8,388,000 |
| 3,000 lots | 300,000 | HK$ 12,582,000 |
| 4,000 lots | 400,000 | HK$ 16,776,000 |
| 5,000 lots | 500,000 | HK$ 20,970,000 |
| 7,500 lots | 750,000 | HK$ 31,455,000 |
| 10,000 lots | 1,000,000 | HK$ 41,940,000 |
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$ 36.0 |
|---|---|
| First Day Open | HK$ 33.8 |
| First Day Change | -14.16% |
| First Day Volume | 13537900.0 |
| First Day Turnover | 484530000.0 |
Use of Proceeds
| Use of Proceeds | 1、約19.0%（或約326.5百萬港元）將在未來三年內用于改進車服解決方案及改善服務質量； 2、約18.0%（或約309.3百萬港元）將在未來三年內用于提升并推出一系列定制車； 3、約17.0%（或約292.1百萬港元）將在未來三年用于提升技術及投資自動駕駛； 4、約16.0%（或約274.9百萬港元）將在未來三年內用于擴大地理覆蓋范圍； 5、約20.0%（或約343.7百萬港元）將用于償還若干銀行借款的部分本金及利息； 6、約10.0%（或約171.8百萬港元）預期將用作營運資金及其他一般公司用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (3)
华泰金融控股（香港）有限公司 CE AOK809
农银国际融资有限公司 CE AWL249
广发融资（香港）有限公司 CE AOB163
Overall Coordinators (5)
华泰金融控股（香港）有限公司 CE AOK809
农银国际证券有限公司 CE ACX411
GF Securities (Hong Kong) Brokerage Limited CE AOB364
中国国际金融香港证券有限公司 CE AEN894
中国银河国际证券（香港）有限公司 CE AXM459
Joint Bookrunners (9)
华泰金融控股（香港）有限公司 CE AOK809
农银国际证券有限公司 CE ACX411
GF Securities (Hong Kong) Brokerage Limited CE AOB364
中国国际金融香港证券有限公司 CE AEN894
中国银河国际证券（香港）有限公司 CE AXM459
光银国际资本有限公司 CE BGH296
中银国际亚洲有限公司 CE AET863
东吴证券国际经纪有限公司 CE AYA587
工银国际证券有限公司 CE ARO299
Joint Lead Managers (14)
华泰金融控股（香港）有限公司 CE AOK809
农银国际证券有限公司 CE ACX411
GF Securities (Hong Kong) Brokerage Limited CE AOB364
中国国际金融香港证券有限公司 CE AEN894
中国银河国际证券（香港）有限公司 CE AXM459
光银国际资本有限公司 CE BGH296
中银国际亚洲有限公司 CE AET863
东吴证券国际经纪有限公司 CE AYA587
工银国际证券有限公司 CE ARO299
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
胜利证券有限公司 CE ABN091
Neutral Financial Holding Company Limited CE AFB361
星河证券有限公司 CE BJG526
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Infini Global Master Fund | 251,111,556 HKD | — | 13.55% | — | 6 months | 2025-12-25 |
| 2 | Mercedes-Benz Mobility Services GmbH | 122,779,350 HKD | — | 6.63% | — | 6 months | 2025-12-25 |
| 3 | RoboSense HongKong Limited | 39,234,870 HKD | — | 2.12% | — | 6 months | 2025-12-25 |
| 4 | 国轩高科(香港)有限公司 | 163,813,446 HKD | — | 8.84% | — | 6 months | 2025-12-25 |
| 5 | 未来资产证券(香港)有限公司 | 272,685,492 HKD | — | 14.72% | — | 6 months | 2025-12-25 |
| 6 | 亿纬亚洲有限公司 | 99,997,542 HKD | — | 5.40% | — | 6 months | 2025-12-25 |
Directors & Management
| Chairman | 楊健 |
|---|---|
| Company Secretary | 劉俊賢,譚詠子 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | Ugo Investment Limited(77.1%) |
|---|
AI
AI Analysis
Market Sentiment
曹操出行公开发售超额认购21.14倍，市场热度温和。一手中签率达76.79%，在超额倍数不算极高的情况下获配概率较高，最终发售价定为41.94港元。
Tier Analysis
甲尾（10万港元）与乙头（20万港元）的期望中签均为1手，分配效率出现倒挂。乙头付出双倍资金却仅获同等手数，甲尾的资金使用效率显著更优，该分配模式对大户不友好。
Demographics
本次申购的人口统计数据缺失，无法分析内地与香港参与者比例或地区集中度。有效申请约2.53万份，中签1.94万份，参与人数规模中等。
Subscription Tiers
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