Baige Digital 02672Prospectus Information

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Broker Deadline
2026-06-24
Morning deadline
HKEX Deadline
2026-06-24
Noon deadline
Broker Results (T-2)
2026-06-25
Some brokers release in afternoon
Grey Market (T-1)
2026-06-26
Afternoon
HKEX Allotment (T-1)
2026-06-26
Evening
Registrar Allotment (T-1)
2026-06-26
Evening
Listing Day (T)
2026-06-29
First day of trading
Company Overview
Stock NameBaige Digital
Stock Code02672
Company Full NameBaige Online Digital Technology Co., Ltd.
Industry金融服务
Principal ActivitiesWe are an insurance technology company, primarily engaged in providing technology-enabled insurance intermediary services to scenario partners and insurance companies. We primarily leverage scenario-based insurance as a tool to generate revenue by providing insurance transaction services, precision marketing and digitalization solutions, and third-party management services.
Listing Date2026-06-29
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)福建省廈門市湖裡區高林中路491號2402室
Business Address (Hong Kong)香港 中環 康樂廣場1號 怡和大廈4樓
Place of IncorporationChina
Listing MethodGlobal Offering
Listing BoardMain Board
Websitebaigeonline.com.cn
Share Registrar香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited)
Registrar Contact香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖
A-Share/US Dual ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 20.28 / shares
Offer Price RangeFinal offer price only, no range
Lot Size200 shares
Entry ThresholdHK$ 4,056
Par ValueRMB 0.25 / shares
Offer Period2026-06-18 to 2026-06-24
Global Offering Shares33,344,400 shares
HK Public Offer Shares (Initial)3,334,600 shares (10.0%)
Public Offer Lots (Initial)16,673lots (8,336lots, 8,337lots)
International Placing Shares (Initial)30,009,800 shares (90.0%)
Offer Ratio~10.0%
Total Shares Post-IPO320,620,632 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)CMBC International Capital Limited CE BIY679
Cornerstone Share3.3%
Clawback TiersMechanism B: no clawback mechanism
Reallocation OptionYes
Total Global Offering SizeHK$ 676,224,432
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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 200 HK$ 4,056
2 lots 400 HK$ 8,112
3 lots 600 HK$ 12,168
4 lots 800 HK$ 16,224
5 lots 1,000 HK$ 20,280
6 lots 1,200 HK$ 24,336
7 lots 1,400 HK$ 28,392
8 lots 1,600 HK$ 32,448
9 lots 1,800 HK$ 36,504
10 lots 2,000 HK$ 40,560
15 lots 3,000 HK$ 60,840
20 lots 4,000 HK$ 81,120
25 lots 5,000 HK$ 101,400
30 lots 6,000 HK$ 121,680
35 lots 7,000 HK$ 141,960
40 lots 8,000 HK$ 162,240
45 lots 9,000 HK$ 182,520
50 lots 10,000 HK$ 202,800
100 lots 20,000 HK$ 405,600
150 lots 30,000 HK$ 608,400
200 lots 40,000 HK$ 811,200
250 lots 50,000 HK$ 1,014,000
300 lots 60,000 HK$ 1,216,800
350 lots 70,000 HK$ 1,419,600
400 lots 80,000 HK$ 1,622,400
450 lots 90,000 HK$ 1,825,200
500 lots 100,000 HK$ 2,028,000
1,000 lots 200,000 HK$ 4,056,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1,500 lots 300,000 HK$ 6,084,000
2,000 lots 400,000 HK$ 8,112,000
2,500 lots 500,000 HK$ 10,140,000
3,000 lots 600,000 HK$ 12,168,000
3,500 lots 700,000 HK$ 14,196,000
4,000 lots 800,000 HK$ 16,224,000
4,500 lots 900,000 HK$ 18,252,000
5,000 lots 1,000,000 HK$ 20,280,000
5,500 lots 1,100,000 HK$ 22,308,000
6,000 lots 1,200,000 HK$ 24,336,000
6,500 lots 1,300,000 HK$ 26,364,000
8,336 lots 1,667,200 HK$ 33,810,816
Stock Connect Inclusion
HK Market Cap HK$ 11.17B
26Q2 Regular Review
Inclusion Pathway Small Cap Regular Path
Est. Threshold HK$ 10.47B Met
Analysis Result 预计2026年9月7日入通
Valuation & Financials
Market Cap (at Offer Price)HK$ 6,502,186,416
Pre-IPO Valuation (Last Round)Not disclosed
P/E RatioNot applicable (loss-making)
Profit/Loss StatusNet loss RMB 46.7 million
Period-End Cash BalanceRMB 109 million
Listing Expenses~HK$ 57,500,000
Listing Expenses / Funds Raised~9.6%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseLoading...
Use of Proceeds
Use of ProceedsApproximately 44.4% will be used for research and development and upgrading of technical infrastructure; approximately 20.0% for acquisition and investment opportunities; approximately 15.6% for expansion of the sales network; approximately 10.0% for establishing R&D centers and smart showrooms; and approximately 10.0% as general working capital.
Underwriting Syndicate
Joint Sponsors (2)
CMBC International Capital Limited CE BIY679 BOCI ASIA LIMITED CE AET863
Overall Coordinators (3)
CMBC SECURITIES COMPANY LIMITED CE APU820 BOCI ASIA LIMITED CE AET863 Huafu International Securities Limited CE BQC241
Joint Global Coordinators (3)
CMBC SECURITIES COMPANY LIMITED CE APU820 BOCI ASIA LIMITED CE AET863 Huafu International Securities Limited CE BQC241
Joint Bookrunners (14)
CMBC SECURITIES COMPANY LIMITED CE APU820 BOCI ASIA LIMITED CE AET863 Huafu International Securities Limited CE BQC241 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 ABCI CAPITAL LIMITED CE AWL249 CMB International Capital Limited CE AVM940 SPDB International Capital Limited CE BFZ375 Futu Securities International (Hong Kong) Limited CE AZT137 Tiger Brokers (HK) Global Limited CE BMU940 Fortune (HK) Securities Limited CE AHQ488 uSmart Securities Limited CE BJA907 Hua Liang Securities Limited CE BOC666 Harmonia Capital Limited CE BOP761 GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594
Joint Lead Managers (15)
CMBC SECURITIES COMPANY LIMITED CE APU820 BOCI ASIA LIMITED CE AET863 Huafu International Securities Limited CE BQC241 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 ABCI Securities Company Limited CE ACX411 CMB International Capital Limited CE AVM940 SPDB International Capital Limited CE BFZ375 Futu Securities International (Hong Kong) Limited CE AZT137 Tiger Brokers (HK) Global Limited CE BMU940 Fortune (HK) Securities Limited CE AHQ488 uSmart Securities Limited CE BJA907 Hua Liang Securities Limited CE BOC666 Harmonia Capital Limited CE BOP761 GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594 Zircon Securities (HK) Limited CE BRE865
Capital Market Intermediaries (16)
CMBC SECURITIES COMPANY LIMITED CE APU820 BOCI ASIA LIMITED CE AET863 Huafu International Securities Limited CE BQC241 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 ABCI CAPITAL LIMITED CE AWL249 ABCI Securities Company Limited CE ACX411 CMB International Capital Limited CE AVM940 SPDB International Capital Limited CE BFZ375 Futu Securities International (Hong Kong) Limited CE AZT137 Tiger Brokers (HK) Global Limited CE BMU940 Fortune (HK) Securities Limited CE AHQ488 uSmart Securities Limited CE BJA907 Hua Liang Securities Limited CE BOC666 Harmonia Capital Limited CE BOP761 GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594 Zircon Securities (HK) Limited CE BRE865
Stabilizing Manager (1)
CMBC International Capital Limited CE BIY679
Service Providers
RoleInstitution
Legal Advisor to Company 中伦律师事务所有限法律责任合伙
Zhong Lun Law Firm
Zhong Lun Law Firm
Legal Advisor to Sponsors/Underwriters Linklaters
Jingtian & Gongcheng
Auditor and Reporting Accountant 罗申美会计师事务所
Industry Advisor China Insights Industry Consultancy Limited
Receiving Banks Bank of China (Hong Kong) Limited
Cornerstone Investors
#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 GLY New Mobility 2. LP（「GLY New Mobility」） 10,000,000 HKD 557,400 1.67% 0.17% 6 months 2026-12-29
2 柯家琪先生（「柯先生」） 10,000,000 HKD 557,400 1.67% 0.17% 6 months 2026-12-29
Directors & Management
Chairman涂錦波
Company Secretary柯葳彬
No director data available.
Major Shareholders
Major Shareholders & HoldingsMr. 涂錦波 is the controlling shareholder and, together with Mr. 曾建華, Mr. 蘇偉達, Mr. 黃嘉恩, 廈門眾嘉秀, 福建合力合美 and 白鴿同創, who are persons acting in concert, holds in aggregate 149,153,296 non-listed shares and 10,888,792 H shares, representing approximately 49.9% of the issued share capital after the Global Offering. In addition, 新希望投資集團 holds approximately 12.43% of the shares.
// About this page //

This page shows Baige Digital (02672) prospectus details: offer price range, fundraise size, cornerstone investors, greenshoe, Pool A/B allocation and syndicate. For eligible IPOs it also provides a Stock Connect inclusion analysis, indicating the pathway and estimated timing for Southbound Connect admission; for A-share / US secondary listings, it additionally compares the other market's price, exchange rate and the H-share premium/discount. Data is parsed from the HKEX prospectus and related announcements.

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