Introduction of shares
Main date:
Public release closing date: 12: 00 noon on December 8, 2017
Announcement application results: December 14, 2017
Listing date: December 15, 2017
The family guarantor:
Citic Construction Investment (International) financing Co., Ltd.
Summary of statistics:
Total number of shares sold globally: 500000000 shares
Share of shares sold publicly in Hong Kong: 10.0%
Sales: HK $0.63 to HK $0.85
Estimated collection of funds: HK $315 million to HK $425 million
Income per hand: HK $3434.26
A summary of the collection
Collect a web developer to provide services to Chinese developers, and provide mobile phones with independent research and development capabilities. The collection company conducts its business as an international network developer. According to the easy report, in 2016, the market share of the Internet generated by Chinese developers in the international market was 8.9%. In terms of the service model, all the merchandise of the collection are exempted from playing, and the revenue of the collection mainly comes from the sale of merchandise goods within the market. Collection and (I) contract developers (for third-party licenses), (ii) development platforms (for third-party platforms) and (iii) payment channels are derived from the total flow of related sales. In addition, the collection also has revenue from franchise, server rental and notification.
Industry summary
According to the trade report, the market regulation model of China's Internet market was US $24.6 billion in 2016 and is expected to rise to US $31.6 billion in 2020, with a compound annual growth rate of 6.5%. In addition, the regulation model of China's overseas market was US $6.1 billion in 2016 and is expected to rise to US $8.3 billion in 2020, with a compound annual growth rate of 8.2%, which is higher than that of the domestic market.
Cymbals
Most of the income of the collection comes from a small number of customers, but the sales of the collection may not continue to attract and retain enough users, because if the interests and preferences of the users change or if they are attracted by the new customers, they may lose interest in the wait, or adversely affect the business of the collection. The collection must be updated and recharged regularly to keep the user interesting, which requires a lot of resource investment.
Valuation
Based on the IPO documents and on the basis of 1850000000 issued shares prior to listing, excluding 150000000 shares held in the stock market plan (assuming that the global development sale was completed on June 30, 2017, but not taking into account any shares that may be granted and developed as a result of the exercise of the over-allotment rights or any shares that may be granted and developed by the stock market root stock rights plan), as of June 30, 2017 Shares should account for US $4664 to US $6089 million in consolidated tangible assets, which is equivalent to HK $0.20 to HK $0.26 per share. (calculated at US $1.00 to HK $7.8087).