02533 黑芝麻智能
BLACK SESAME
BLACK SESAME
| Listing Date | 2024/08/08 |
| Listing Price | 28.000 |
Quote
Subscription Result
- Subscription Rate2.52x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Black Sesame International Holding is an automotive-grade computing SoC and SoC-based intelligent vehicle solution provider. The Group have designed two series of automotive-grade SoCs, the Huashan Series highcomputing power SoCs and the Wudang Series cross-domain SoCs.
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SoC is an integrated circuit that integrates key electronic components including central processing units, memories, I/O interfaces and others. Automotive-grade computing SoCs empower intelligent vehicles with mission-critical capabilities. SoC-based intelligent vehicle solutions integrate SoCs embedded with the Group’s in-house developed IP cores of ISP and NPU, algorithms and support software of middleware and toolchain to meet broad customer needs.
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In terms of shipment of automotive-grade high-computing power SoCs in 2023, the Group is the third largest provider globally, according to Frost & Sullivan. Its major customers are automotive OEMs and Tier 1 suppliers.
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The Group had design wins for 23 vehicle models with 16 automotive OEMs and Tier 1 suppliers, as of June 4, 2024. Its flagship A1000 Series SoCs had a total shipment of over 152,000 as of December 31, 2023.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 37.00M shares |
| No. of International Offer Shares | 35.15M shares |
| No. of HK Offer Shares | 1.85M shares |
| Offer Price | $28.00 - $30.30 |
| Stock Code | 2533 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, CCB International Capital Limited, BOCI Asia Limited, CLSA Limited, GF Securities (Hong Kong) Brokerage Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Jul 31 (Wed) - noon, Aug 05 (Mon) |
| Price Determination Date | Aug 06 (Tue) |
| Result Announcement Date | On or before Aug 07 (Wed) |
| Result Announcement Date | On or before Aug 07 (Wed) |
| Result Announcement Date | On or before Aug 08 (Thu) |
| Dealings in Shares commence on | Aug 08, 2024. (Thu) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 10X - 50X | Over 50X |
| % of total shares reallocated to HK Offer | 10% | 20% |
Sales Statistics (HKD)
| Offer Price | $28.00 - $30.30 |
| Capitalization | 15.94B - 17.25B |
| NAV / share ($) | $3.87 - $4.02 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 29.15, the net proceeds raised would be HKD 985.40M, of which |
| 30% : R&D team to develop automotive-grade intelligent vehicle SoCs |
| 25% : Development and upgrade of its intelligent vehicle software platform |
| 20% : Procure materials, tape-out services and software for R&D of intelligent vehicle SoCs and automotive-grade IP cores |
| 5% : Development of autonomous driving solutions, such as the next-generation V2X edge computing solution and the next-generation add-on adaptive safety system Patronus |
| 10% : Improvement of commercialization capability |
| 10% : Working capital |
IPO NEWS
| 08/08/2024 16:08 |
| {New Stock}BLACK SESAME(02533) ends down 26.96% at HK$20.45 |
| 08/08/2024 09:20 |
| {New Stock}BLACK SESAME(02533) opens down 32.86% at HK$18.8 |
| 07/08/2024 18:35 |
| {New Stock}BLACK SESAME ends down 18.39% on grey market |
| 07/08/2024 16:20 |
| {New Stock}BLACK SESAME down 9.29% at HK$25.4 on grey market |
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).