02479 天聚地合
TIANJUDIHE
TIANJUDIHE
| Listing Date | 2024/06/28 |
| Listing Price | 83.330 |
Subscription Result
- Subscription Rate602.87x
- Guarantee One Lot Size120 lot
- One Lot Success Rate1.28%
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IPO Detail
COMPANY PROFILE
Tianju Dihe (Suzhou) Technology Co is an integrated API-enabled data exchange service provider in China. The Group provides standard API services and customized data management solutions to internet companies, telecommunications operators, technology companies and other business and government organizations as well as app developers and technology professionals.
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Application Programming Interface, commonly known as API, is a set of protocols that allows disconnected applications to communicate with each other. The Group is dedicated to eliminating data silos and offering online API services that span across multiple service types and scenarios.
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Since the launch of API marketplace in June 2011, the Group have developed over 770 proprietary APIs. In 2023, API marketplace handled over 120 billion API requests. It generated revenue primarily from API marketplace, and, to a lesser extent, data management solutions.
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According to report, in 2022, the Group had a market share of 6.1% and 2.1% in the integrated API-enabled data exchange service market and overall API-enabled data exchange service market, respectively, in China.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 50 |
GLOBAL OFFERING
| No. of Offer Shares | 4.82M H shares |
| No. of International Offer Shares | 4.34M H shares |
| No. of HK Offer Shares | 0.48M H shares |
| Offer Price | $83.33 |
| Stock Code | 2479 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | CLSA Limited, CMB International Capital Limited, ABCI Securities Company Limited, Soochow Securities International Brokerage Limited, ICBC International Securities Limited, CCB International Capital Limited, SPDB International Capital Limited, Livermore Holdings Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Jun 20 (Thu) - noon, Jun 25 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jun 27 (Thu) |
| Result Announcement Date | On or before Jun 27 (Thu) |
| Result Announcement Date | On or before Jun 28 (Fri) |
| Dealings in Shares commence on | Jun 28, 2024. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $83.33 |
| Capitalization (H Shares) | 4.18B |
| NAV / share ($) | $21.63 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 83.33, the net proceeds raised would be HKD 344.00M, of which |
| 25% : Upgrade the existing suite of APIs in its API marketplace |
| 45% : Upgrade existing products and services of data management solutions, strengthening technical capabilities and market competitiveness |
| 20% : Used to research and develop the technologies for data security and privacy protection |
| 10% : Working capital |
Related Document
| 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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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).