Introduction of shares
Main date:
Public launch closing date: 12: 00 noon on November 20, 2018
Announcement application results: November 26, 2018
Listing date: October 27, 2018
The guardian of the meeting:
Morgan Stanley Luozhou Co., Ltd.
Haitong International Capital Co., Ltd.
China Merchants coupon (HK) Co., Ltd.
Summary of statistics:
Number of shares sold under global sales: 250323000 shares
Proportion of shares sold in Hong Kong: 10%
Sales: HK $6.80 to HK $8.80
Estimated collection of funds: 1.702 billion to 2.203 billion Hong Kong dollars
Income per hand: HK $4444.34
A summary of the collection
According to the Sullivan report, the collection is the largest and most active parent community platform in China based on MAU, which is dedicated to connecting and serving aged families. On the collection platform, there was an average of 1.39 million Mau in 2017.
The two main platforms of the collection are Happy incubation and small time Light, providing a comprehensive range of products and services. According to the number of complaints and e-commerce transactions are the main sources of revenue for the collection, and the collection also knows that the payment records a small portion of the revenue.
Industry summary
According to Frost Sullivan, with the continuous growth and intellectual enhancement of maternal management and services, the market for maternal products and services expanded from 1.0 billion yuan in 2013 to 2.0 billion yuan in 2017, with an annual growth rate of 18.9 percent, and a combined annual growth rate of 16.5 percent from 2017 to 2022.
Cymbals
The market has produced significant profits because it is still in the early stages of profitability. The profitability of collectors depends on their ability to achieve operational growth, increase revenue and control costs and operating expenses. however, such growth may not be sustainable, and collectors may still generate new revenue in the coming period. In addition, in the expected period, expenses, costs and other operating expenses will continue to increase, which may lead to future difficulties.
According to the IPO documents, the hypothetical global development sale was completed on June 30, 2018, and a total of 16.69 shares were issued in the expected period after the sale was completed, equivalent to HK $2.20 to HK $2.50 per share after the untested tangible assets test (at an exchange rate of HK $1.1295 to HK $1).