顺丰控股 06936 Prospectus Information

IPO Timeline

Broker Results (T-2)

2024-11-25

Some brokers release in afternoon

Grey Market (T-1)

2024-11-26

Afternoon

HKEX Allotment (T-1)

2024-11-26

Evening

Registrar Allotment (T-1)

2024-11-26

Evening

Listing Day (T)

2024-11-27

First day of trading

Cross-Market Price Comparison

Other Listed Market	Shenzhen (SZSE) — 顺丰控股
Other Market Stock Code	002352
H-Share Offer Price	To be extracted
Per-Share Equity Ratio
Other Market Price	Loading...
Reference Exchange Rate	Loading...
H-Share Offer Price Premium/Discount vs Other Market	Loading...

Company Overview

Stock Name	顺丰控股
Stock Code	06936
Company Full Name	顺丰控股
Industry	貨運物流
Principal Activities	公司是一家全球領先的綜合物流服務提供商（即提供全方位國內及國際物流服務（包括但不限于快遞服務、快運服務、冷運物流服務、同城實時配送服務、供應鏈服務及國際物流服務）及向跨國公司、大型企業、中小型企業及散單客戶提供一站式解決方案的物流服務提供商）。
Listing Date	2024-11-27
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國廣東省深圳市寶安區航城街道草圍社區深圳機場航站四路1111號順豐華南轉運中心綜合樓三層
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.sf-express.com/chn/sc
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$ 34.30 / 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	27.3%
Clawback Tiers	To be extracted
Reallocation Option	To be confirmed
Total Global Offering Size	HK$ 1,078,735,000

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	200	HK$ 6,860
2 lots	400	HK$ 13,720
3 lots	600	HK$ 20,580
4 lots	800	HK$ 27,440
5 lots	1,000	HK$ 34,300
6 lots	1,200	HK$ 41,160
7 lots	1,400	HK$ 48,020
8 lots	1,600	HK$ 54,880
9 lots	1,800	HK$ 61,740
10 lots	2,000	HK$ 68,600
15 lots	3,000	HK$ 102,900
20 lots	4,000	HK$ 137,200
25 lots	5,000	HK$ 171,500
30 lots	6,000	HK$ 205,800
35 lots	7,000	HK$ 240,100
40 lots	8,000	HK$ 274,400
45 lots	9,000	HK$ 308,700
50 lots	10,000	HK$ 343,000
100 lots	20,000	HK$ 686,000
150 lots	30,000	HK$ 1,029,000
200 lots	40,000	HK$ 1,372,000
250 lots	50,000	HK$ 1,715,000
300 lots	60,000	HK$ 2,058,000
350 lots	70,000	HK$ 2,401,000
400 lots	80,000	HK$ 2,744,000
450 lots	90,000	HK$ 3,087,000
500 lots	100,000	HK$ 3,430,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
1,000 lots	200,000	HK$ 6,860,000
1,500 lots	300,000	HK$ 10,290,000
2,000 lots	400,000	HK$ 13,720,000
2,500 lots	500,000	HK$ 17,150,000
3,000 lots	600,000	HK$ 20,580,000
3,500 lots	700,000	HK$ 24,010,000
4,000 lots	800,000	HK$ 27,440,000
4,500 lots	900,000	HK$ 30,870,000
5,000 lots	1,000,000	HK$ 34,300,000
10,000 lots	2,000,000	HK$ 68,600,000
15,000 lots	3,000,000	HK$ 102,900,000
20,000 lots	4,000,000	HK$ 137,200,000
25,000 lots	5,000,000	HK$ 171,500,000
30,000 lots	6,000,000	HK$ 205,800,000
40,375 lots	8,075,000	HK$ 276,972,500

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$ 34.3
First Day Open	HK$ 34.3
First Day Change	-1.17%
First Day Volume	51647300.0
First Day Turnover	1790320000.0

Use of Proceeds

Use of Proceeds	1、約45.0%或2,547.6百萬港元，將用于加強國際及跨境物流能力； 2、約35.0%或1,981.5百萬港元，將用于提升及優化在中國的物流網絡及服務； 3、約10.0%或566.1百萬港元，將用于研發先進技術及數字化解決方案，升級供應鏈和物流服務及實施ESG相關舉措； 4、約10.0%或566.1百萬港元，將用作營運資金及一般企業用途。

1、約45.0%或2,547.6百萬港元，將用于加強國際及跨境物流能力； 2、約35.0%或1,981.5百萬港元，將用于提升及優化在中國的物流網絡及服務； 3、約10.0%或566.1百萬港元，將用于研發先進技術及數字化解決方案，升級供應鏈和物流服務及實施ESG相關舉措； 4、約10.0%或566.1百萬港元，將用作營運資金及一般企業用途。

Underwriting Syndicate

Joint Sponsors (3)

高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 J.P. Morgan Securities (Far East) Limited CE AAB026

Overall Coordinators (5)

高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 J.P. Morgan Securities (Asia Pacific) Limited CE AAJ321 中国国际金融香港证券有限公司 CE AEN894 UBS Securities Hong Kong Limited CE BIN466

Joint Bookrunners (11)

高盛（亚洲）有限责任公司 CE ACC536 华泰金融控股（香港）有限公司 CE AOK809 J.P. Morgan Securities (Asia Pacific) Limited CE AAJ321 中国国际金融香港证券有限公司 CE AEN894 UBS Securities Hong Kong Limited CE BIN466 农银国际证券有限公司 CE ACX411 中银国际亚洲有限公司 CE AET863 招银国际融资有限公司 CE AVM940 星展亚洲融资有限公司 CE AAE430 GF Securities (Hong Kong) Brokerage Limited CE AOB364 工银国际证券有限公司 CE ARO299

Joint Lead Managers (11)

Cornerstone Investors

#	Investor Name	Investment Amount	Shares Subscribed	% of Offer Shares	% of Total Shares	Lock-up Period	Est. Unlock Date
1	Ghisallo Fund Master Ltd.	116,585,700 HKD	—	2.00%	—	6 months	2025-05-27
2	Green Better Limited	155,447,600 HKD	—	2.67%	—	6 months	2025-05-27
3	Infini Global Master Fund	155,447,600 HKD	—	2.67%	—	6 months	2025-05-27
4	Morgan Stanley & Co. International plc	153,890,380 HKD	—	2.64%	—	6 months	2025-05-27
5	Oaktree Funds	194,309,500 HKD	—	3.33%	—	6 months	2025-05-27
6	Wind Sabre Opportunities Fund SP	155,447,600 HKD	—	2.67%	—	6 months	2025-05-27
7	WT Asset Management Limited	194,309,500 HKD	—	3.33%	—	6 months	2025-05-27
8	惠汉有限公司	194,309,500 HKD	—	3.33%	—	6 months	2025-05-27
9	上海睿郡资产管理有限公司	116,585,700 HKD	—	2.00%	—	6 months	2025-05-27
10	太平洋资产管理有限责任公司	155,447,600 HKD	—	2.67%	—	6 months	2025-05-27

Directors & Management

Chairman	王衛
Company Secretary	甘玲,蘇嘉敏

No director data available.

Major Shareholders

Major Shareholders & Holdings	深圳明德控股發展有限公司(51.38%),深圳市瑋順企業管理有限公司(2.01%)

AI AI Analysis

Market Sentiment

The IPO for 顺丰控股 was 79.07 times oversubscribed, indicating strong but not extreme demand. The overall hit rate of 57.22% suggests that a majority of applicants received allocations, a relatively accessible offering compared to typical hot IPOs. Priced at HKD 34.3, the deal reflects balanced pricing with moderate enthusiasm from both retail and institutional investors. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier anomaly emerges where the last A-tier applicant (甲尾) applying for 100,000 shares expected just 1 lot, identical to the first B-tier applicant (乙头) who put up 200,000 shares. This flat allocation suggests that the additional 100,000 shares provided no marginal benefit, making the larger bet inefficient given the broker fee structure. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Actual costs vary by broker.)

Demographics

Mainland Chinese investors accounted for 32.1% of the expanded holder base, signaling notable cross-border participation but still dominated by Hong Kong locals at 67.7%. The gender split skewed slightly male at 57.9%, and the average investor age was 44.4, reflecting an older, established investor profile. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain minor errors; verify with official filings.)

Subscription Tiers

IPO Timeline

顺丰控股 06936Prospectus Information

Market Sentiment

Tier Analysis

Demographics