According to Futu News on June 3rd,$UBOT HOLDING (08529.HK)$It opened 32% higher on the first day. As of press release, it reported HK$0.66, with a turnover of HK$594.86 million and a total market value of HK$330 million.

Market source: Futu Securities

According to previous information, in Futu's undermarket trading on the previous trading day, Youbo Holdings opened high, closing up 18%. At one point, it rose more than 80% to HK$0.59, with a turnover of HK$167.17,700, with a total market value of HK$295 million; 5,000 shares per lot, regardless of handling fees, earned HK$450 per lot.

Also, according to previous public information, Youbo Holdings was subscribed 2503.03 times during the public sale phase. After repayment and redistribution, the final number of shares sold was 62.5 million shares, accounting for about 45.45% of the total number of shares offered (before any over-allotment rights were exercised). A total of 38,849 valid applications were received, and the number of applications accepted was 5,114. The approximate percentage of first-hand allotted shares was 0.20% of the total number of applications.

Furthermore, during the placement phase, Youbo Holdings was subscribed 1.15 times. After the sale volume was adjusted, the final number of shares to be placed was 75 million shares, equivalent to 54.55% of the total number of shares offered (before any over-allotment rights were exercised). According to Futu News, the distribution criteria for the company's public sale are as follows:

Company Overview

Youbo Holdings was founded in 2005 and is headquartered in Hong Kong, China. It is a back-end semiconductor transmission medium manufacturer engaged in precision manufacturing of engineering plastic castings. It is an upstream and back-end functional supplier in the semiconductor and integrated circuit industry (that is, assembly, packaging and testing). It mainly serves customers in the semiconductor industry, including wafer-free semiconductor companies, IDM companies, and IC assembly and packaging testing companies. Its products are not only sold domestically, but also sold to Southeast Asia, Europe, the United States, South Korea and Japan.

During the track record period, the company's revenue mainly came from post-sales semiconductor transmission media products, trays and tray-related products, and carrier belts. Among them, sales of trays and tray-related products each accounted for more than 90% of total revenue. Among the company's back-end semiconductor transmission media products, trays and tray-related products mainly use precision engineering plastics as carriers for storing semiconductor components during production and delivery; carriers are mainly used to protect semiconductor devices, including power-separated semiconductor devices, optoelectronics, ICs and sensors.

The global electronics market continued to grow from US$1,997 billion in 2019 to US$2155.9 billion in 2023, with a compound growth rate of 1.9%. In particular, the automotive electronics industry will grow at a compound annual growth rate of 5.2% from 2024 to 2028. It will mainly benefit from the integration and implementation of advanced safety systems such as automatic emergency braking, lane departure warning, and intelligent parking assistance systems. Medical electronics is expected to grow rapidly at a compound growth rate of 4.0% over the next five years.

Financial Overview

In terms of financial conditions, as of December 31, 2021, 2022, and 2023, Youbo Holdings achieved revenue of approximately HK$203 million, HK$258 million and HK$189 million respectively, with a compound growth rate of -3.51%; corresponding gross margins were HK$87 million, HK$102 million and HK$72 million, respectively, with a compound growth rate of -8.87%.

Use of funding

In terms of funding, Youbo Holdings expects the net proceeds from the global sale to be approximately HK$31.35 million (calculated at the final issue price). According to the prospectus, the company currently plans to use about 78.2% of the net proceeds to increase the company's production capacity and productivity; about 6.2% will be used to enhance the company's sales and marketing work in the global market (including the Chinese market); about 4.2% will be used to purchase ERP systems and upgrade information systems to support the ERP system; about 3.1% will be used to strengthen the company's R&D and materials engineering capabilities; and about 8.3% will be used as general working capital.

Futu draws new shares, real interest is zero, and stocks are one step faster on the dark market.Come and experience it >>

Edited by Irene