IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Company Overview
| Stock Name | Keytop Parking |
|---|---|
| Stock Code | 02272 |
| Company Full Name | Keytop Parking Inc. |
| Industry | 汽車及出行 |
| Principal Activities | We are a smart parking space operator, providing integrated services that combine digital-intelligent parking systems, digital-intelligent parking management services and parking lot operations. Through smart hardware, cloud-based software, user-end applications and other means, we meet the diverse needs of parking lot owners, operators and vehicle owners. |
| Listing Date | 2026-06-26 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國福建省廈門市軟件園觀日路58號301單元 |
| Business Address (Hong Kong) | 香港銅鑼灣希慎道33號利園一期19樓1901室 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | www.keytop.com.cn |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | 卓佳证券登记有限公司，香港金钟道89号力宝中心1座31楼3101-3103室 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 39.55 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 60 shares |
| Entry Threshold | HK$ 2,373 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-17 to 2026-06-23 |
| Global Offering Shares | 10,112,280 shares |
| HK Public Offer Shares (Initial) | 1,011,240 shares (10.0%) |
| Public Offer Lots (Initial) | 16,854lots (Pool A8,427lots，Pool B8,427lots) |
| International Placing Shares (Initial) | 9,101,040 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 101,112,280 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | China International Capital Corporation Hong Kong Securities Limited CE AEN894 |
| Cornerstone Share | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 399,940,674 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 60 | HK$ 2,373 |
| 2 lots | 120 | HK$ 4,746 |
| 3 lots | 180 | HK$ 7,119 |
| 4 lots | 240 | HK$ 9,492 |
| 5 lots | 300 | HK$ 11,865 |
| 6 lots | 360 | HK$ 14,238 |
| 7 lots | 420 | HK$ 16,611 |
| 8 lots | 480 | HK$ 18,984 |
| 9 lots | 540 | HK$ 21,357 |
| 10 lots | 600 | HK$ 23,730 |
| 15 lots | 900 | HK$ 35,595 |
| 20 lots | 1,200 | HK$ 47,460 |
| 25 lots | 1,500 | HK$ 59,325 |
| 30 lots | 1,800 | HK$ 71,190 |
| 35 lots | 2,100 | HK$ 83,055 |
| 40 lots | 2,400 | HK$ 94,920 |
| 45 lots | 2,700 | HK$ 106,785 |
| 50 lots | 3,000 | HK$ 118,650 |
| 75 lots | 4,500 | HK$ 177,975 |
| 100 lots | 6,000 | HK$ 237,300 |
| 125 lots | 7,500 | HK$ 296,625 |
| 150 lots | 9,000 | HK$ 355,950 |
| 175 lots | 10,500 | HK$ 415,275 |
| 200 lots | 12,000 | HK$ 474,600 |
| 225 lots | 13,500 | HK$ 533,925 |
| 250 lots | 15,000 | HK$ 593,250 |
| 500 lots | 30,000 | HK$ 1,186,500 |
| 750 lots | 45,000 | HK$ 1,779,750 |
| 1,000 lots | 60,000 | HK$ 2,373,000 |
| 1,250 lots | 75,000 | HK$ 2,966,250 |
| 1,500 lots | 90,000 | HK$ 3,559,500 |
| 1,750 lots | 105,000 | HK$ 4,152,750 |
| 2,000 lots | 120,000 | HK$ 4,746,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,250 lots | 135,000 | HK$ 5,339,250 |
| 2,500 lots | 150,000 | HK$ 5,932,500 |
| 5,000 lots | 300,000 | HK$ 11,865,000 |
| 7,500 lots | 450,000 | HK$ 17,797,500 |
| 8,427 lots | 505,620 | HK$ 19,997,271 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 6.89B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 3,998,990,674 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Approximately 35.8x (based on offer price HK$39.55 and 2025 EPS) |
| Profit/Loss Status | Net profit RMB 93.7 million |
| Period-End Cash Balance | RMB 190.68 million |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | ~15.0% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (2)
Overall Coordinators (4)
Joint Global Coordinators (5)
Joint Bookrunners (13)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
CMBC SECURITIES COMPANY LIMITED CE APU820
SDIC SECURITIES (HONG KONG) LIMITED CE AUW685
SkyVast Securities Limited CE AVT666
CMB International Capital Limited CE AVM940
Futu Securities International (HONG KONG) Limited CE AZT137
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
建银国际金融有限公司 CE AJO225
Somerley Capital Limited CE BAU754
Huafu International Securities Limited CE BQC241
YUE XIU SECURITIES COMPANY LIMITED CE ABQ722
Yuen Meta (International) Securities Limited CE BIL855
TFI Securities and Futures Limited CE BAV573
Joint Lead Managers (15)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
CMBC SECURITIES COMPANY LIMITED CE APU820
SDIC SECURITIES (HONG KONG) LIMITED CE AUW685
SkyVast Securities Limited CE AVT666
CMB International Capital Limited CE AVM940
Futu Securities International (HONG KONG) Limited CE AZT137
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
建银国际金融有限公司 CE AJO225
Somerley Capital Limited CE BAU754
Huafu International Securities Limited CE BQC241
YUE XIU SECURITIES COMPANY LIMITED CE ABQ722
Yuen Meta (International) Securities Limited CE BIL855
TFI Securities and Futures Limited CE BAV573
PATRONS SECURITIES LIMITED CE BPQ161
New Industrial Financial Holdings Limited CE BVZ006
Capital Market Intermediaries (15)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
CMBC SECURITIES COMPANY LIMITED CE APU820
SDIC SECURITIES (HONG KONG) LIMITED CE AUW685
SkyVast Securities Limited CE AVT666
CMB International Capital Limited CE AVM940
Futu Securities International (HONG KONG) Limited CE AZT137
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
建银国际金融有限公司 CE AJO225
Somerley Capital Limited CE BAU754
Huafu International Securities Limited CE BQC241
YUE XIU SECURITIES COMPANY LIMITED CE ABQ722
Yuen Meta (International) Securities Limited CE BIL855
TFI Securities and Futures Limited CE BAV573
PATRONS SECURITIES LIMITED CE BPQ161
New Industrial Financial Holdings Limited CE BVZ006
Stabilizing Manager (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Han Kun Law Offices LLP 金杜律师事务所 上海市锦天城律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
普衡律师事务所（香港）有限法律责任合伙 竞天公诚律师事务所 |
| Auditor and Reporting Accountant | 毕马威会计师事务所 |
| Industry Advisor | 灼识企业管理咨询（上海）有限公司 |
| Receiving Banks | 招商永隆银行有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 孫龍喜 | — |
| Company Secretary | 吳怡婷、蘇麗珊 | — |
| Executive Director | 孙龙喜 | Sun Longxi |
| Non-Executive Director | 王忠生 | Wang Zhongsheng |
| Independent Non-Executive Director | 李小琳 | Li Xiaolin |
| Executive Director | 黄金练 | Huang Jinlian |
| Non-Executive Director | 叶桦 | Ye Hua |
| Independent Non-Executive Director | 苏新龙 | Su Xinlong |
| Independent Non-Executive Director | 陈琳伟 | Chen Linwei |
Major Shareholders
| Major Shareholders & Holdings | The controlling shareholders are Mr. 孫龍喜, Mr. 黃金練 and 廈門鏵龍電子科技有限公司 (persons acting in concert), who jointly hold approximately 48.28% of the issued share capital immediately after the Global Offering. |
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