02643 曹操出行
CAOCAO INC
CAOCAO INC
| Listing Date | 2025/06/25 |
| Listing Price | 41.940 |
Quote
Subscription Result
- Subscription Rate21.14x
- Guarantee One Lot Size4 lot
- One Lot Success Rate50%
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IPO Detail
COMPANY PROFILE
CaoCao Inc. is a ride hailing platform in China originally incubated by Geely Group. Under the Group’s CaoCao Mobility brand, it offers two service lines: express and premier mobility services. The Group operated in 146 cities as of March 31, 2025. According to the report, the Group’s gross transaction value was RMB17 billion in 2024, with a market share of 5.4%.
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The Group have strengthened its brand image with a fleet of vehicles dedicated to mobility operations, which it refers to as purpose-built vehicles. The Group collaborates with car partners, for a substantial portion of the orders completed. Meanwhile, the Group provides its own vehicles to certain drivers. The Group’s revenues are generated from mobility services, particularly ride hailing.
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Due to the Group’s strategic relationship with the Geely Group, it has co-developed its purpose-built vehicles and deployed them at scale, with a fleet of over 34,000 purpose-built vehicles across 31 cities as of December 31, 2024 for the use of its affiliated drivers – the largest of its kind in China.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 44.18M shares |
| No. of International Offer Shares | 30.93M shares |
| No. of HK Offer Shares | 13.25M shares |
| Offer Price | $41.94 |
| Stock Code | 2643 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, ABCI Capital Limited, GF Capital (Hong Kong) Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, ABCI Securities Company Limited, GF Securities (Hong Kong) Brokerage Limited, China International Capital Corporation Hong Kong Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CEB International Capital Corporation Limited, BOCI Asia Limited, Soochow Securities International Brokerage Limited, ICBC International Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Victory Securities Company Limited, Neutral Financial Holding Company Limited, Star River Securities Limited |
TIME TABLE
| Application Period | Jun 17 (Tue) - noon, Jun 20 (Fri) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jun 24 (Tue) |
| Result Announcement Date | On or before Jun 24 (Tue) |
| Result Announcement Date | On or before Jun 25 (Wed) |
| Dealings in Shares commence on | Jun 25, 2025. (Wed) |
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 | $41.94 |
| Capitalization | 22.82B |
| NAV / share ($) | $-6.85 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 41.94, the net proceeds raised would be HKD 1.72B, of which |
| 19% : Improve auto solutions and improve service quality |
| 18% : Enhance and launch purpose-built vehicles |
| 17% : Enhance technology and to invest in autonomous driving |
| 16% : Expand geographical coverage |
| 20% : Partial repayment of the principals and interests of certain bank borrowings |
| 10% : Working capital |
IPO NEWS
| 25/06/2025 16:08 |
| {New Stock}CAOCAO INC(02643) ends down 14.16% at HK$36 |
| 25/06/2025 09:20 |
| {New Stock}CAOCAO INC(02643) opens down 19.41% at HK$33.8 |
| 24/06/2025 18:35 |
| {New Stock}CAOCAO INC(02643) ends down 14.16% on grey market |
| 24/06/2025 16:20 |
| {New Stock}CAOCAO INC down 17.74% at HK$34.5 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).