| Stock Name | Saimo |
|---|---|
| Stock Code | 02571 |
| Company Full Name | Beijing Saimo Technology Co., Ltd. |
| Industry | 軟件服務 |
| Principal Activities | 公司是中國一家專注于ICV仿真測試技術的科技公司，主要從事ICV仿真測試產品的設計及研發并提供相關測試、驗證和評價解決方案。 |
| Listing Date | 2025-01-15 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國北京市海淀區北四環西路67號中關村國際創新大廈301、304、305、306、307及308室 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | http://www.saimo.cloud/ |
| 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$ 12.99 / 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) | CEB International Capital Corporation Limited CE BGH296 |
| Cornerstone Share | 34.3% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 43,300,866 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 2,598 |
| 2 lots | 400 | HK$ 5,196 |
| 3 lots | 600 | HK$ 7,794 |
| 4 lots | 800 | HK$ 10,392 |
| 5 lots | 1,000 | HK$ 12,990 |
| 6 lots | 1,200 | HK$ 15,588 |
| 7 lots | 1,400 | HK$ 18,186 |
| 8 lots | 1,600 | HK$ 20,784 |
| 9 lots | 1,800 | HK$ 23,382 |
| 10 lots | 2,000 | HK$ 25,980 |
| 15 lots | 3,000 | HK$ 38,970 |
| 20 lots | 4,000 | HK$ 51,960 |
| 25 lots | 5,000 | HK$ 64,950 |
| 30 lots | 6,000 | HK$ 77,940 |
| 35 lots | 7,000 | HK$ 90,930 |
| 40 lots | 8,000 | HK$ 103,920 |
| 45 lots | 9,000 | HK$ 116,910 |
| 50 lots | 10,000 | HK$ 129,900 |
| 100 lots | 20,000 | HK$ 259,800 |
| 150 lots | 30,000 | HK$ 389,700 |
| 200 lots | 40,000 | HK$ 519,600 |
| 250 lots | 50,000 | HK$ 649,500 |
| 300 lots | 60,000 | HK$ 779,400 |
| 350 lots | 70,000 | HK$ 909,300 |
| 400 lots | 80,000 | HK$ 1,039,200 |
| 450 lots | 90,000 | HK$ 1,169,100 |
| 500 lots | 100,000 | HK$ 1,299,000 |
| 750 lots | 150,000 | HK$ 1,948,500 |
| 1,000 lots | 200,000 | HK$ 2,598,000 |
| 1,250 lots | 250,000 | HK$ 3,247,500 |
| 1,500 lots | 300,000 | HK$ 3,897,000 |
| 1,750 lots | 350,000 | HK$ 4,546,500 |
| HK Market Cap | HK$ 442.1M |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 96% |
| Analysis Result | Market cap below threshold (gap 96%) |
| 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 118.43 million |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | ~14.4% |
| Total Pre-IPO Investment | approximately RMB 287 million |
| First Day Close | HK$ 13.18 |
|---|---|
| First Day Open | HK$ 13.3 |
| First Day Change | 1.46% |
| First Day Volume | 7720400.0 |
| First Day Turnover | 101952000.0 |
| Use of Proceeds | 1、約266.2百萬港元或約62.2%將用于公司的持續研發投資，以提升公司的技術能力及提升關鍵技術的競爭力； 2、約118.9百萬港元或約27.8%將用于地域擴張及營銷公司的產品及服務； 3、約42.8百萬港元或約10.0%將用于公司的一般企業用途及補充公司的營運資金。 |
|---|
| Role | Institution |
|---|---|
| Legal Advisor to Company |
铭德有限法律责任合伙律师事务所 Zhong Lun Law Firm King & Wood |
| Legal Advisor to Sponsors/Underwriters |
竞天公诚律师事务所有限法律责任合伙 Jingtian & Gongcheng |
| Auditor and Reporting Accountant | 罗兵咸永道会计师事务所 |
| Industry Advisor | Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. |
| Receiving Banks | Bank of China (Hong Kong) Limited |
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 中国移动国际控股有限公司 | 148,501,680 HKD | — | 34.30% | — | 6 months | 2025-07-15 |
| Chairman | 胡大林 |
|---|---|
| Company Secretary | 梁皚欣 |
| Major Shareholders & Holdings | 空格科技(北京)有限公司(22.6%),賽迪檢測認證中心有限公司(21.1%),北京通達成業科技中心(有限合伙)(11.5%) |
|---|
市场情绪
The IPO experienced a modest oversubscription ratio of 2.66x, indicating relatively lukewarm market demand compared to typical Hong Kong IPOs. With a hit rate of 100%, every valid application received shares, reflecting ample availability and low competition among retail investors. The final offer price was set at HK$12.99, with no mention of price range dynamics, but the low enthusiasm suggests pricing may not have been highly competitive. (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 allocation structure was unusually flat: both the A-tail (applications of HK$250,000) and B-head (HK$300,000) expected only 1 lot each. This lack of differentiation makes larger applications, especially B-head, highly cost-inefficient given higher broker margin fees for no incremental allotment. Investors seeking optimal efficiency would find minimal benefit in applying beyond the smallest tier. (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
Demographic data for this IPO was not disclosed, with reported figures showing zero mainland and Hong Kong holders, which likely indicates incomplete reporting rather than zero participation. Without this information, it is impossible to assess regional or gender distribution trends. Investors should note the absence of this data when evaluating the offering. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
