| Stock Name | Cloud Factory |
|---|---|
| Stock Code | 02512 |
| Company Full Name | Cloud Factory Technology Holdings Limited |
| Industry | 軟件服務 |
| Principal Activities | 公司為客戶提供全面且可靠的IDC解決方案服務，公司客戶為中國主要頂尖互聯網公司及云計算服務供應商。 |
| Listing Date | 2024-06-14 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國江蘇省無錫市新吳區菱湖大道228號天安智慧城2-601 |
| 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.cloudcsp.com/zh-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 |
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 4.60 / 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) | Yes |
| Stabilizing Manager (Greenshoe) | SPDB International Capital Limited CE BFZ375 |
| Cornerstone Share | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 158,700,000 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 1,000 | HK$ 4,600 |
| 2 lots | 2,000 | HK$ 9,200 |
| 3 lots | 3,000 | HK$ 13,800 |
| 4 lots | 4,000 | HK$ 18,400 |
| 5 lots | 5,000 | HK$ 23,000 |
| 6 lots | 6,000 | HK$ 27,600 |
| 7 lots | 7,000 | HK$ 32,200 |
| 8 lots | 8,000 | HK$ 36,800 |
| 9 lots | 9,000 | HK$ 41,400 |
| 10 lots | 10,000 | HK$ 46,000 |
| 15 lots | 15,000 | HK$ 69,000 |
| 20 lots | 20,000 | HK$ 92,000 |
| 25 lots | 25,000 | HK$ 115,000 |
| 30 lots | 30,000 | HK$ 138,000 |
| 35 lots | 35,000 | HK$ 161,000 |
| 40 lots | 40,000 | HK$ 184,000 |
| 45 lots | 45,000 | HK$ 207,000 |
| 50 lots | 50,000 | HK$ 230,000 |
| 60 lots | 60,000 | HK$ 276,000 |
| 70 lots | 70,000 | HK$ 322,000 |
| 80 lots | 80,000 | HK$ 368,000 |
| 90 lots | 90,000 | HK$ 414,000 |
| 100 lots | 100,000 | HK$ 460,000 |
| 200 lots | 200,000 | HK$ 920,000 |
| 300 lots | 300,000 | HK$ 1,380,000 |
| 400 lots | 400,000 | HK$ 1,840,000 |
| 500 lots | 500,000 | HK$ 2,300,000 |
| 600 lots | 600,000 | HK$ 2,760,000 |
| 700 lots | 700,000 | HK$ 3,220,000 |
| 800 lots | 800,000 | HK$ 3,680,000 |
| 900 lots | 900,000 | HK$ 4,140,000 |
| 1,000 lots | 1,000,000 | HK$ 4,600,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,200 lots | 1,200,000 | HK$ 5,520,000 |
| 1,800 lots | 1,800,000 | HK$ 8,280,000 |
| 5,750 lots | 5,750,000 | HK$ 26,450,000 |
| HK Market Cap | HK$ 1.74B |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 83% |
| Analysis Result | Market cap below threshold (gap 83%) |
| 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 | RMB 162.34 million |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 3.8 |
|---|---|
| First Day Open | HK$ 4.37 |
| First Day Change | -17.39% |
| First Day Volume | 29280600.0 |
| First Day Turnover | 125870000.0 |
| Use of Proceeds | 1、約47.7%或160.4百萬港元將用于投資各類技術，以改進服務質量并提升運營效率； 2、約18.5%或62.3百萬港元將用于通過開發邊緣計算基礎設施來提升靈境云能力； 3、約12.8%或43.0百萬港元將用于執行邊緣計算運營及邊緣云平臺的組成部分的招聘計劃； 4、約11.0%或37.1百萬港元將用于開發邊緣計算技術，并繼續將新技術整合至服務中，以更好地服務客戶； 5、約10.0%或33.7百萬港元將用作運營資金及一般企業用途。 |
|---|
| Role | Institution |
|---|---|
| Legal Advisor to Company |
中伦律师事务所有限法律责任合伙 Zhong Lun Law Firm 奥杰律师事务所 北京大成律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
King & Wood King & Wood |
| Auditor and Reporting Accountant | Ernst & Young |
| Industry Advisor | Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. |
| Receiving Banks | 招商永隆银行 |
| Chairman | 孫濤 |
|---|---|
| Company Secretary | 鄭璟燁;林芷晴 |
| Major Shareholders & Holdings | Ru Yi Information Technology Co., Ltd(75%) |
|---|
市场情绪
The IPO was modestly oversubscribed at 25.79x, indicating moderate retail interest. Unusually, the hit rate reached 100% despite the oversubscription, likely due to reallocation of shares from the international tranche to the Hong Kong public offering (clawback Tier A triggered). This rare outcome suggests the offer size was sufficiently large relative to the number of applicants, allowing every valid application to receive at least one lot. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购档位分析
The tier allocation reveals a striking flatness: both the A-tail (applying for 1,000,000 shares) and the B-head (applying for 1,200,000 shares) received an expected 1.0 lot apiece. This creates a clear inefficiency for larger investors, as the incremental capital required at the B-head yields no additional shares, making it an unattractive value proposition after accounting for typically higher broker fees and opportunity costs. Investors would have been better off applying at lower tiers to achieve similar allocations with lower transaction expenses. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Broker fee structures vary and actual costs may differ.)
申购人群画像
The provided data lacks demographic breakdowns, showing zero participants from Mainland China and Hong Kong, which likely indicates incomplete reporting rather than an actual absence of regional investors. With only 8,846 total valid applications, the applicant pool was relatively small, but no insights into geographic or gender distribution can be drawn from the available figures. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions from source documents — verify against official HKEX filings.)
