IPO Timeline
Broker Results (T-2)
2024-09-13
Some brokers release in afternoon
Grey Market (T-1)
2024-09-16
Afternoon
HKEX Allotment (T-1)
2024-09-16
Evening
Registrar Allotment (T-1)
2024-09-16
Evening
Listing Day (T)
2024-09-17
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) — 美的集团 |
|---|---|
| Other Market Stock Code | 000333 |
| H-Share Offer Price | To be extracted |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | Midea Group |
|---|---|
| Stock Code | 00300 |
| Company Full Name | To be extracted |
| Industry | 家電家用 |
| Principal Activities | 公司是一家全球領先、技術驅動的智能家居和商業及工業解決方案供應商。公司的產品和服務涵蓋針對消費者的智能家居及各類家電，并為企業客戶提供解決方案，包括新能源及工業技術、智能建筑科技、機器人與自動化及其他業務。 |
| Listing Date | 2024-09-17 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國廣東省佛山市順德區北滘鎮美的大道6號美的總部大廈 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | https://www.midea.com.cn/ |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No data |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 54.80 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | To be extracted |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 31.6% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 1,550,719,440 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 5,480 |
| 2 lots | 200 | HK$ 10,960 |
| 3 lots | 300 | HK$ 16,440 |
| 4 lots | 400 | HK$ 21,920 |
| 5 lots | 500 | HK$ 27,400 |
| 6 lots | 600 | HK$ 32,880 |
| 7 lots | 700 | HK$ 38,360 |
| 8 lots | 800 | HK$ 43,840 |
| 9 lots | 900 | HK$ 49,320 |
| 10 lots | 1,000 | HK$ 54,800 |
| 20 lots | 2,000 | HK$ 109,600 |
| 30 lots | 3,000 | HK$ 164,400 |
| 40 lots | 4,000 | HK$ 219,200 |
| 50 lots | 5,000 | HK$ 274,000 |
| 60 lots | 6,000 | HK$ 328,800 |
| 70 lots | 7,000 | HK$ 383,600 |
| 80 lots | 8,000 | HK$ 438,400 |
| 90 lots | 9,000 | HK$ 493,200 |
| 100 lots | 10,000 | HK$ 548,000 |
| 200 lots | 20,000 | HK$ 1,096,000 |
| 300 lots | 30,000 | HK$ 1,644,000 |
| 400 lots | 40,000 | HK$ 2,192,000 |
| 500 lots | 50,000 | HK$ 2,740,000 |
| 600 lots | 60,000 | HK$ 3,288,000 |
| 700 lots | 70,000 | HK$ 3,836,000 |
| 800 lots | 80,000 | HK$ 4,384,000 |
| 900 lots | 90,000 | HK$ 4,932,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 100,000 | HK$ 5,480,000 |
| 2,000 lots | 200,000 | HK$ 10,960,000 |
| 3,000 lots | 300,000 | HK$ 16,440,000 |
| 4,000 lots | 400,000 | HK$ 21,920,000 |
| 5,000 lots | 500,000 | HK$ 27,400,000 |
| 10,000 lots | 1,000,000 | HK$ 54,800,000 |
| 15,000 lots | 1,500,000 | HK$ 82,200,000 |
| 25,000 lots | 2,500,000 | HK$ 137,000,000 |
| 40,000 lots | 4,000,000 | HK$ 219,200,000 |
| 50,000 lots | 5,000,000 | HK$ 274,000,000 |
| 60,000 lots | 6,000,000 | HK$ 328,800,000 |
| 80,000 lots | 8,000,000 | HK$ 438,400,000 |
| 123,034 lots | 12,303,400 | HK$ 674,226,320 |
Stock Connect Inclusion
| HK Market Cap | --- |
|---|---|
| Analysis Result | Already included in Stock Connect (both, shenzhen, shanghai) |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 59.1 |
|---|---|
| First Day Open | HK$ 59.2 |
| First Day Change | 7.85% |
| First Day Volume | 65113900.0 |
| First Day Turnover | 3843710000.0 |
Use of Proceeds
| Use of Proceeds | 1、約20%或約5,194百萬港元預期在未來一至三年將用于全球科技研發； 2、約35%或約9,090百萬港元預期在未來一至四年將用于智能制造體系及供應鏈管理升級的持續投入； 3、約35%或約9,090百萬港元預期在未來一至五年將用于完善全球分銷渠道和銷售網絡，以及提高自有品牌的海外銷售； 4、約10%或約2,597百萬港元預期將用于運營資金及一般公司用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
Overall Coordinators (5)
Joint Bookrunners (8)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Merrill Lynch (Asia Pacific) Limited CE AAC198
UBS Securities Hong Kong Limited CE BIN466
中信里昂证券有限公司 CE AAB893
GOLDMAN SACHS (ASIA) L.L.C. CE ACC536
华泰金融控股（香港）有限公司 CE AOK809
广发证券（香港）经纪有限公司 CE AOB364
CMB International Capital Limited CE AVM940
Joint Lead Managers (10)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Merrill Lynch (Asia Pacific) Limited CE AAC198
UBS Securities Hong Kong Limited CE BIN466
中信里昂证券有限公司 CE AAB893
GOLDMAN SACHS (ASIA) L.L.C. CE ACC536
华泰金融控股（香港）有限公司 CE AOK809
广发证券（香港）经纪有限公司 CE AOB364
CMB International Capital Limited CE AVM940
BNP PARIBAS SECURITIES (ASIA) LIMITED CE AAF669
Futu Securities International (Hong Kong) Limited CE AZT137
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Athos Capital Limited | 233,902,840 HKD | — | 0.75% | — | 6 months | 2025-03-17 |
| 2 | CPE Investment XVI Limited | 389,836,240 HKD | — | 1.26% | — | 6 months | 2025-03-17 |
| 3 | Enreal Asset Management Limited | 272,887,560 HKD | — | 0.88% | — | 6 months | 2025-03-17 |
| 4 | Golden Link Worldwide Limited | 771,890,880 HKD | — | 2.49% | — | 6 months | 2025-03-17 |
| 5 | HCEP Master Fund | 389,836,240 HKD | — | 1.26% | — | 6 months | 2025-03-17 |
| 6 | Jump Trading Pacific Pte. Ltd. | 389,836,240 HKD | — | 1.26% | — | 6 months | 2025-03-17 |
| 7 | Metazone Link (HK) Limited | 389,836,240 HKD | — | 1.26% | — | 6 months | 2025-03-17 |
| 8 | MY Asian Opportunities Master Fund, L.P. | 296,276,200 HKD | — | 0.96% | — | 6 months | 2025-03-17 |
| 9 | Pamalican Fund Ltd | 233,902,840 HKD | — | 0.75% | — | 6 months | 2025-03-17 |
| 10 | Splendor Achieve Limited | 822,000,000 HKD | — | 2.65% | — | 6 months | 2025-03-17 |
| 11 | Supercluster Universe Limited | 779,677,960 HKD | — | 2.51% | — | 6 months | 2025-03-17 |
| 12 | UBS Asset Management (Singapore) Ltd. | 779,677,960 HKD | — | 2.51% | — | 6 months | 2025-03-17 |
| 13 | Vanguard Focus Limited | 116,948,680 HKD | — | 0.38% | — | 6 months | 2025-03-17 |
| 14 | 大家人寿保险股份有限公司 | 389,836,240 HKD | — | 1.26% | — | 6 months | 2025-03-17 |
| 15 | 睿远基金 | 389,995,160 HKD | — | 1.26% | — | 6 months | 2025-03-17 |
| 16 | 中国国有企业结构调整基金二期股份有限公司 | 749,998,280 HKD | — | 2.42% | — | 6 months | 2025-03-17 |
| 17 | 中邮理财有限责任公司 | 222,203,040 HKD | — | 0.72% | — | 6 months | 2025-03-17 |
| 18 | 中远海运控股(香港)有限公司 | 2,192,449,360 HKD | — | 7.07% | — | 6 months | 2025-03-17 |
Directors & Management
| Chairman | 方洪波 |
|---|---|
| Company Secretary | 高書,黎少娟 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 美的控股有限公司(29.0%),方洪波(1.6%) |
|---|
AI
AI Analysis
Market Sentiment
The IPO was moderately oversubscribed at 5.31x, with 13,717 valid applications indicating decent but not frenzied retail demand. The final offer price of HK$54.8 was fixed, yet the reported 0% hit rate suggests either a data error or that no public allocation shares were available, possibly due to reallocation dynamics. (This is AI-generated commentary based on available data. Hit rate anomalies may stem from incomplete records. Not financial advice.)
Tier Analysis
No tier-level allocation data is provided, making it impossible to assess distribution anomalies like 甲尾 vs 乙头 lot thresholds or tier-specific winner ratios. Broker fee efficiency comparisons across tiers cannot be performed without granular allocation splits. (This analysis is limited by absent tier data; actual allocation patterns may differ. Always verify with official sources. Not financial advice.)
Demographics
Demographic fields show zero mainland and HK participation, likely due to data not being reported or collected in this dataset. Without holder counts or geographic breakdowns, no insight is possible on regional concentration or investor profiles. (Data limitations preclude demographic insights; actual holder distribution may be reported post-listing. Not financial advice.)
