02685 量化派
QUANTGROUP
QUANTGROUP
| Listing Date | 2025/11/27 |
| Listing Price | 9.800 |
Subscription Result
- Subscription Rate9,366.28x
- Guarantee One Lot Size--
- One Lot Success Rate0.6%
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IPO Detail
COMPANY PROFILE
Quantgroup Holding Limited is an operator of online marketplaces in China. Its consumer E-commerce platform, Yangxiaomie (羊小咩), carries a wide spectrum of retail goods ranging from consumer electronics, food and beverages, home appliances, cosmetics, jewelry to clothing and personal daily care provided by third-party marketplace suppliers, and matches such consumer goods with its Yangxiaomie Users through online purchases since November 2020.
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The Group also operates an retail online-to-offline (O2O) platform, Consumption Guide (消費地圖) since April 2022, which currently predominantly collaborates with automobile retailers by attracting online traffic to purchase automobiles offline at the brick-and-mortar stores of the automobile retailers.
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It provides advertisement placement for its business partners to a very small extent. The platform offers payment installments provided by financial institutions to Yanxiaomie Users at checkout.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 13.35M shares |
| No. of International Offer Shares | 12.01M shares |
| No. of HK Offer Shares | 1.34M shares |
| Offer Price | $8.8 - $9.8 |
| Stock Code | 2685 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CLSA Limited, Fosun International Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Nov 19 (Wed) - noon, Nov 24 (Mon) |
| Price Determination Date | Nov 25 (Tue) |
| Result Announcement Date | On or before Nov 26 (Wed) |
| Result Announcement Date | On or before Nov 26 (Wed) |
| Result Announcement Date | On or before Nov 27 (Thu) |
| Dealings in Shares commence on | Nov 27, 2025. (Thu) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $8.8 - $9.8 |
| Capitalization | 4.52B - 5.03B |
| NAV / share ($) | $2.31 - $2.33 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 9.3, the net proceeds raised would be HKD 5.80M, of which |
| 55% : Enhance research and development capabilities and improve technology infrastructure |
| 45% : Build and expand proprietary local consumption apps and promoting its business model |
IPO NEWS
| 27/11/2025 16:08 |
| {New Stock}QUANTGROUP(02685) ends up 88.78% at HK$18.5 |
| 27/11/2025 09:20 |
| {New Stock}QUANTGROUP(02685) opens up 165.31% at HK$26 |
| 26/11/2025 18:35 |
| {New Stock}QUANTGROUP(02685) ends up 177.55% on grey market |
| 26/11/2025 16:20 |
| {New Stock}QUANTGROUP up 195.92% at HK$29 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).