| Stock Name | Augroup |
|---|---|
| Stock Code | 02519 |
| Company Full Name | AuGroup (SHENZHEN) Cross-Border Business Co., Ltd. |
| Industry | 軟件服務 |
| Principal Activities | 公司是專注于提供優質家具家居類產品的在線零售商，憑借穩健的供應鏈管理及有效的物流解決方案，為消費者提供廣泛「家與生活」場景下的愉快生活體驗。 |
| Listing Date | 2024-11-08 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國廣東省深圳市龍崗區南灣街道上李朗社區平吉大道66號康利信息谷大樓106室 |
| 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.augroup.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 15.60 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | 2024-10-31 to 2024-11-05 |
| 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) | Huatai Financial Holdings (Hong Kong) Limited CE AOK809 |
| Cornerstone Share | 23.5% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 139,908,600 |
| HK Market Cap | HK$ 2.5B |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 76% |
| Analysis Result | Market cap below threshold (gap 76%) |
| 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 809.8 million |
| Listing Expenses | ~HK$ 78,200,000 |
| Listing Expenses / Funds Raised | ~17.3% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 13.82 |
|---|---|
| First Day Open | HK$ 13.88 |
| First Day Change | -11.41% |
| First Day Volume | 12609200.0 |
| First Day Turnover | 172531000.0 |
| Use of Proceeds | 1、約70.0%或260.8百萬港元預期將用于公司的業務擴張。公司擬持續提升業務規模，為消費者提供優質產品； 2、約15.0%或55.9百萬港元預期將用于加強公司的數字化； 3、約10.0%或37.3百萬港元預期將用于產業鏈的潛在投資或并購機會； 4、約5.0%或18.6百萬港元預期將用作營運資金及一般企業用途。 |
|---|
| Role | Institution |
|---|---|
| Legal Advisor to Company |
高伟绅律师行 King & Wood Nixon Peabody LLP Pirola Pennuto Zei & Associati |
| Legal Advisor to Sponsors/Underwriters |
Herbert Smith Freehills Kramer Jingtian & Gongcheng |
| Auditor and Reporting Accountant | 德勤•关黄陈方会计师行 |
| Industry Advisor | Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. |
| Receiving Banks | 渣打银行（香港）有限公司 |
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 黄嘉慧 | 29,998,800 HKD | — | 6.43% | — | 6 months | 2025-05-08 |
| 2 | 乐舱物流股份有限公司 | 24,995,880 HKD | — | 5.36% | — | 6 months | 2025-05-08 |
| 3 | 香港华成云商科技有限公司 | 54,405,000 HKD | — | 11.67% | — | 6 months | 2025-05-08 |
| Chairman | 陸海傳 |
|---|---|
| Company Secretary | 莊麗艷,李健威 |
| Major Shareholders & Holdings | 陸海傳(17.05%),迮會越(10.41%),共青城景林景安、上海景林景惠及深圳景林景盈(8.74%),深圳市創新投資集團有限公司(8.31%),寧波紅杉保盛股權投資合伙企業(有限合伙)(6.21%) |
|---|
市场情绪
The offering saw an oversubscription ratio of 17.74 times, triggering a clawback under Mechanism A that increased the Hong Kong public offering tranche, likely contributing to a high hit rate of 87.9%. This indicates healthy but not extreme retail demand, with most applicants receiving some allocation. (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
Without detailed tier distribution data, it is not possible to pinpoint specific anomalies. However, the high overall hit rate of 87.9% suggests that allocations were broadly distributed across tiers, potentially reducing the edge of larger applications. Investors should note that broker fee structures and actual costs may vary, impacting tier efficiency. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购人群画像
Successful applicants were predominantly from Mainland China at 85.2%, reflecting strong cross-border participation. The gender split skewed male at 61.5%, with an average age of 43.2, indicating a mature and experienced investor demographic. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
