02431 佑駕創新
MINIEYE
MINIEYE
| Register Close | 2024/12/20 IPO Closing Today |
| Listing Date | 2024/12/27 |
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IPO Detail
COMPANY PROFILE
Minieye Technology Co., Ltd. is an intelligent driving and cabin solutions provider in China, offering solutions for critical aspects of the driving experience, including piloting, parking and in-cabin functions. Intelligent driving solutions are the core and foundation of the Group’s business.
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The Group provides Level 0 to Level 2 intelligent driving solutions that are in-house developed and proven by mass production, and it have also been proactively developing more advanced autonomous driving technologies. As of December 10, 2024, the Group had accumulatively undertaken mass production for 35 automotive original equipment manufacturers (OEMs).
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In terms of revenue from Level 0 to Level 2 solutions in 2023, the Group’s market share among domestic and all intelligent driving solutions providers in China was 3.2% and 0.6%, respectively, according to CIC. The Group’s customers primarily consist of OEMs and tier-one suppliers, the majority of which are located in the PRC.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 39.19M H shares |
| No. of International Offer Shares | 35.27M H shares |
| No. of HK Offer Shares | 3.92M H shares |
| Offer Price | $17.00 - $20.20 |
| Stock Code | 2431 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | CLSA Limited, China International Capital Corporation Hong Kong Securities Limited, SBI China Capital Financial Services Limited, SDICS International Securities (Hong Kong) Limited, Long Bridge HK Limited, ABCI Securities Company Limited, BOCI Asia Limited, CMBC Securities Company Limited, Fosun International Securities Limited, Futu Securities International (Hong Kong) Limited, Patrons Securities Limited, Phillip Securities (Hong Kong) Limited, Shenwan Hongyuan Securities (H.K.) Limited, SPDB International Capital Limited, Tiger Brokers (HK) Global Limited, TradeGo Markets Limited |
TIME TABLE
| Application Period | Dec 17 (Tue) - noon, Dec 20 (Fri) |
| Price Determination Date | Dec 23 (Mon) |
| Result Announcement Date | On or before Dec 24 (Tue) |
| Result Announcement Date | On or before Dec 24 (Tue) |
| Result Announcement Date | On or before Dec 27 (Fri) |
| Dealings in Shares commence on | Dec 27, 2024. (Fri) |
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 | $17.00 - $20.20 |
| Capitalization (H Shares) | 5.26B - 6.25B |
| NAV / share ($) | $3.23 - $3.54 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 18.6, the net proceeds raised would be HKD 665.90M, of which |
| 40% : Enhancing R&D capabilities as well as recruiting and retaining relevant R&D talents |
| 30% : Increasing production efficiency and solution competitiveness |
| 20% : Reinforcing sales and marketing capabilities |
| 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).