LEMO SERVICES
| Listing Date | 2025/12/03 Listed Today |
| Listing Price | 40.000 |
- Subscription Rate7,324.29x
- Guarantee One Lot Size--
- One Lot Success Rate0.8%
| Listing Date | 2025/12/03 Listed Today |
| Listing Price | 40.000 |
Lemo Services Co. provides massage services performed by its mechanical massage equipment stationed at various points of service in public venues of high foot traffic across China.
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According to Frost & Sullivan, the Group ranked first among all mechanical massage service providers in the PRC in terms of transaction value for three consecutive years from 2022 to 2024, representing a market share of 33.9%, 37.3% and 42.9% in the corresponding year, respectively. The Group also ranked first in terms of revenue in the mechanical massage market in China in 2024 with a market share of over 50%.
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The Group launched its Lemobar brand in 2016, dedicated to providing consumers with mechanical massage services in various consumption scenarios, including commercial complexes, cinemas and traffic hubs (including airports and high-speed rail stations).
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As at 15 November 2025, the Group had established a network of more than 48,000 POS for its mechanical massage service, placing more than 533,000 mechanical massage equipment across 31 provincial-level administrative division and 337 cities in China, with a cumulative total of over 174 million identifiable service consumers and more than 40 million registered members.
| Market | Hong Kong (Main Board) |
| Business Nature | Hotels & Restaurants & Leisure |
| Major Business Area | China |
| Board Lot | 100 |
| No. of Offer Shares | 5.56M H shares |
| No. of International Offer Shares | 5.00M H shares |
| No. of HK Offer Shares | 0.56M H shares |
| Offer Price | $27.00 - $40.00 |
| Stock Code | 2539 |
| Sponsor(s) | China Securities (International) Corporate Finance Company Limited, Shenwan Hongyuan Capital (H.K.) Limited |
| Underwriter(s) | China Securities (International) Corporate Finance Company Limited, Shenwan Hongyuan Securities (H.K.) Limited, SPDB International Capital Limited, CMB International Capital Limited, BOCI Asia Limited, ICBC International Securities Limited, CCB International Capital Limited, Tiger Brokers (HK) Global Limited, Guoyuan Securities Brokerage (Hong Kong) Limited, ABCI Securities Company Limited, Quam Securities Limited, Livermore Holdings Limited, Beta International Securities Limited |
| Application Period | Nov 25 (Tue) - noon, Nov 28 (Fri) |
| Price Determination Date | Dec 01 (Mon) |
| Result Announcement Date | On or before Dec 02 (Tue) |
| Result Announcement Date | On or before Dec 02 (Tue) |
| Result Announcement Date | On or before Dec 03 (Wed) |
| Dealings in Shares commence on | Dec 03, 2025. (Wed) |
| Offer Price | $27.00 - $40.00 |
| Capitalization (H Shares) | 627.10M - 929.04M |
| NAV / share ($) | $9.12 - $10.39 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 33.5, the net proceeds raised would be HKD 147.32M, of which |
| 60% : Expanding the coverage and penetration of POS network |
| 20% : Ongoing enhancement and iteration of technology |
| 10% : Enhancing brand |
| 10% : Working capital |
| 03/12/2025 16:08 |
| {New Stock}LEMO SERVICES(02539) ends up 36.25% at HK$54.5 |
| 03/12/2025 09:20 |
| {New Stock}LEMO SERVICES(02539) opens up 62% at HK$64.8 |
| 02/12/2025 18:35 |
| {New Stock}LEMO SERVICES(02539) ends up 62.5% on grey market |
| 02/12/2025 16:20 |
| {New Stock}LEMO SERVICES up 41.25% at HK$56.5 on grey market |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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