09690 途虎－Ｗ
TUHU-W
TUHU-W
| Listing Date | 2023/09/26 |
| Listing Price | 28.000 |
Quote
Subscription Result
- Subscription Rate2.67x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
TUHU Car Inc. is a leading integrated online and offline platforms for automotive service in China. As of 31 March 2023, it had 100.2 million registered users on its flagship “Tuhu Automotive Service (途虎養車)” app and online interfaces. It had 17.1 million transacting users in the last twelve months ended 31 March 2023.
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The average MAU reached 10.2 million in the three months ended 31 March 2023, making its platform the largest car owner community amassed by automotive service providers in China, according to the CIC Report. Its growing service network of over 4,700 Tuhu workshops and over 19,000 partner stores spans across the entire country, covering a majority of prefecture-level cities.
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The Group have three different types of stores, including self-operated Tuhu workshops, franchised Tuhu workshops, and third-party partner stores. The products and services it offers range from tires and chassis parts, auto maintenance, to auto repair, car detailing, auto accessories, and other related installation services.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 42.44M shares |
| No. of International Offer Shares | 38.20M shares |
| No. of HK Offer Shares | 4.24M shares |
| Offer Price | $28.00 - $31.00 |
| Stock Code | 9690 |
| Sponsor(s) | Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, UBS Securities Hong Kong Limited, Merrill Lynch (Asia Pacific) Limited |
| Underwriter(s) | Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, UBS AG Hong Kong Branch, Merrill Lynch (Asia Pacific) Limited, CMB International Capital Limited, BOCOM International Securities Limited, ICBC International Securities Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited |
TIME TABLE
| Application Period | Sep 14 (Thu) - noon, Sep 19 (Tue) |
| Price Determination Date | Sep 19 (Tue) |
| Result Announcement Date | On or before Sep 25 (Mon) |
| Result Announcement Date | On or before Sep 25 (Mon) |
| Result Announcement Date | On or before Sep 25 (Mon) |
| Dealings in Shares commence on | Sep 26, 2023. (Tue) |
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 | $28.00 - $31.00 |
| Capitalization | 22.70B - 25.20B |
| NAV / share ($) | $5.08 - $5.22 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 29.5, the net proceeds raised would be HKD 1.09B, of which |
| 35% : Enhancement of supply chain capability |
| 20% : Research and development to advance data analytics technologies |
| 15% : Expanding store network and franchisee base especially in the tier 2 and below cities and counties |
| 20% : Fund investment related to automotive services for NEV owners |
| 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).