02687 卓越睿新
ABLE DIGITAL
ABLE DIGITAL
| Register Close | 2025/12/03 IPO Closing Today |
| Listing Date | 2025/12/08 |
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IPO Detail
COMPANY PROFILE
Shanghai Able Digital Science&Tech Co. is a digital teaching and learning solution provider for higher education institutions in China, committed to the provision, delivery and operation of digital educational content and digital teaching and learning environment services and products for higher education institutions. The Group’s offerings cover all critical aspects from teaching, learning, practicing, testing and evaluating to administrating.
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According to the report, the Group ranked second in terms of revenue among all companies in China’s higher education teaching and learning digitalization market with a market share of 4% and first in terms of revenue among all companies in China’s higher education digital educational content production market with a market share of 7.3% in 2024.
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The Group had delivered more than 44,000 digital educational content products and its services and products spanned 12 disciplines and 92 subjects recognized by the Ministry of Education. The Group had 627 digital courses that won the gold awards in the first and second batch of national recognition of first-class undergraduate courses and the review of national online quality courses for vocational education by the Ministry of Education.
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The Group primarily generated revenue from digital educational content services and products and digital teaching and learning environment services and products. As of June 30, 2025, the Group maintained 251 customer service and support centers in 95 cities, covering substantially all provinces, municipal cities and autonomous regions in China. The Group’s customers primarily are higher education institutions including universities, colleges and vocational schools.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 6.67M H shares |
| No. of International Offer Shares | 6.00M H shares |
| No. of HK Offer Shares | 0.67M H shares |
| Offer Price | $62.26 - $76.10 |
| Stock Code | 2687 |
| Sponsor(s) | ABCI Capital Limited |
| Underwriter(s) | ABCI Securities Company Limited, Livermore Holdings Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Nov 28 (Fri) - noon, Dec 03 (Wed) |
| Price Determination Date | Dec 04 (Thu) |
| Result Announcement Date | On or before Dec 05 (Fri) |
| Result Announcement Date | On or before Dec 05 (Fri) |
| Result Announcement Date | On or before Dec 08 (Mon) |
| Dealings in Shares commence on | Dec 08, 2025. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $62.26 - $76.10 |
| Capitalization (H Shares) | 3.86B - 4.71B |
| NAV / share ($) | $12.44 - $13.79 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 69.18, the net proceeds raised would be HKD 404.50M, of which |
| 36.7% : Research and development |
| 31.8% : Enhancing customer service and support capabilities |
| 21.5% : Establishing one or two knowledge graph construction centers in selected cities to enhance capabilities and efficiency in terms of development, production and delivery of knowledge graphs |
| 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).