AUGROUP
Register Close | 2024/11/05 IPO Closing in 3 Days |
Listing Date | 2024/11/08 |
Register Close | 2024/11/05 IPO Closing in 3 Days |
Listing Date | 2024/11/08 |
AuGroup Technology Co., Ltd. is an online retailer specializing in quality furniture and home furnishings. The Group offer consumers an enjoyable lifestyle experience across a broad range of “home and life” scenarios, leveraging robust supply chain management and efficient logistics solutions.
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The Group specialize in furniture and home furnishing products under popular proprietary brands such as ALLEWIE, IRONCK, LIKIMIO, SHA CERLIN, HOSTACK and FOTOSOK. It generated revenue primarily from sales of goods and provision of logistics solutions.
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According to Frost & Sullivan, the Group ranked first in the B2C overseas e-commerce market for furniture and home furnishings by China-based sellers in terms of GMV in 2023; it ranked fifth in the global B2C e-commerce market for furniture and home furnishings in terms of GMV in 2023. The Group's subsidiary, Shenzhen Westernpost ranked fourth among all B2C export e-commerce logistics solutions providers in China, with a market share of approximately 1.2%, and first among all B2C export e-commerce logistics solutions providers in China focusing on medium-to-large goods.
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The Group's customers of sales of products primarily consisted of consumers who buy its products through third-party e-commerce platforms, and customers of its logistics solutions primarily consisted of sellers on e-commerce platforms.
Market | Hong Kong (Main Board) |
Business Nature | Household & Personal Products |
Major Business Area | Global |
Board Lot | 300 |
No. of Offer Shares | 29.89M H shares |
No. of International Offer Shares | 26.91M H shares |
No. of HK Offer Shares | 2.99M H shares |
Offer Price | $14.56 - $15.60 |
Stock Code | 2519 |
Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited |
Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, CLSA Limited, DBS Asia Capital Limited, Livermore Holdings Limited |
Application Period | Oct 31 (Thu) - noon, Nov 05 (Tue) |
Price Determination Date | Nov 06 (Wed) |
Result Announcement Date | On or before Nov 07 (Thu) |
Result Announcement Date | On or before Nov 07 (Thu) |
Result Announcement Date | On or before Nov 08 (Fri) |
Dealings in Shares commence on | Nov 08, 2024. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $14.56 - $15.60 |
Capitalization (H Shares) | 3.32B - 3.55B |
NAV / share ($) | $7 - $7.07 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 15.08, the net proceeds raised would be HKD 372.60M, of which |
70% : expand business scale and provide consumers with quality products |
15% : further improve information management systems |
10% : Potential investment or mergers and acquisitions opportunities along the industry chain |
5% : working capital |
Prospectus | Chinese Version | English Version |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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