Xunce 03317Prospectus Information

Prospectus & Stock Connect
返回 Prospectus Allotment Results Allotment Profile Expected Lots Subscription Calculator Financials Cibo Flash
Data layers Raw facts Calculated Model prediction AI interpretation
IPO Timeline Raw facts
Broker Deadline
2025-12-23
Morning deadline
HKEX Deadline
2025-12-23
Noon deadline
Broker Results (T-2)
2025-12-24
Some brokers release in afternoon
Grey Market (T-1)
2025-12-29
Afternoon
HKEX Allotment (T-1)
2025-12-29
Evening
Registrar Allotment (T-1)
2025-12-29
Evening
Listing Day (T)
2025-12-30
First day of trading
Company Overview
Stock NameXunce
Stock Code03317
Company Full NameShenzhen Xunce Tech Co Ltd
IndustryEnterprise Software/SaaS
Principal Activitiesreal-time data infrastructure and analytics solutions provider in China
Listing Date2025-12-30
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)中國廣東省 深圳市南山區 粵海街道高新區社區 科苑南路3156號 深圳灣創新科技中心2棟A座66層
Business Address (Hong Kong)香港 銅鑼灣 希慎道33號 利園一期 19樓1920室
Place of IncorporationTo be extracted
Listing MethodGlobal Offering
Listing BoardMain Board
Websitexuncetech.com
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 ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 48.00 / shares
Offer Price RangeFinal offer price only, no range
Lot Size100 shares
Entry ThresholdHK$ 4,800
Par ValueRMB 1.0 / shares
Offer Period2025-12-18 to 2025-12-23
Global Offering Shares22,500,000 shares
HK Public Offer Shares (Initial)2,250,000 shares (10.0%)
Public Offer Lots (Initial)22,500lots (11,250lots, 11,250lots)
International Placing Shares (Initial)20,250,000 shares (90.0%)
Offer Ratio~6.98%
Total Shares Post-IPO322,500,000 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)GUOTAI JUNAN CAPITAL LIMITED CE AGS488
Cornerstone Share26.6%
Clawback TiersMechanism B: no clawback
Reallocation OptionNo
Total Global Offering SizeHK$ 1,080,000,000
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 100 HK$ 4,800
2 lots 200 HK$ 9,600
3 lots 300 HK$ 14,400
4 lots 400 HK$ 19,200
5 lots 500 HK$ 24,000
6 lots 600 HK$ 28,800
7 lots 700 HK$ 33,600
8 lots 800 HK$ 38,400
9 lots 900 HK$ 43,200
10 lots 1,000 HK$ 48,000
15 lots 1,500 HK$ 72,000
20 lots 2,000 HK$ 96,000
25 lots 2,500 HK$ 120,000
30 lots 3,000 HK$ 144,000
35 lots 3,500 HK$ 168,000
40 lots 4,000 HK$ 192,000
45 lots 4,500 HK$ 216,000
50 lots 5,000 HK$ 240,000
60 lots 6,000 HK$ 288,000
70 lots 7,000 HK$ 336,000
80 lots 8,000 HK$ 384,000
90 lots 9,000 HK$ 432,000
100 lots 10,000 HK$ 480,000
200 lots 20,000 HK$ 960,000
300 lots 30,000 HK$ 1,440,000
400 lots 40,000 HK$ 1,920,000
500 lots 50,000 HK$ 2,400,000
600 lots 60,000 HK$ 2,880,000
800 lots 80,000 HK$ 3,840,000
1,000 lots 100,000 HK$ 4,800,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1,200 lots 120,000 HK$ 5,760,000
1,400 lots 140,000 HK$ 6,720,000
1,600 lots 160,000 HK$ 7,680,000
2,000 lots 200,000 HK$ 9,600,000
3,000 lots 300,000 HK$ 14,400,000
5,000 lots 500,000 HK$ 24,000,000
11,250 lots 1,125,000 HK$ 54,000,000
Stock Connect Inclusion
HK Market Cap HK$ 43.01B
Analysis Result Already included in Stock Connect (both, shenzhen, shanghai)
Valuation & Financials
Market Cap (at Offer Price)HK$ 15,480,000,000
H-Share Market Cap (at Offer Price)HK$ 12,815,093,088
Pre-IPO Valuation (Last Round)Not disclosed
P/E RatioNot applicable (loss-making)
Profit/Loss StatusNet loss RMB 97.8 million
Period-End Cash BalanceRMB 343.82 million
Listing Expenses~HK$ 118,500,000
Listing Expenses / Funds Raised~10.2%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 48.5
First Day OpenHK$ 48.02
First Day Change1.04%
First Day Volume4380600.0
First Day Turnover199806000.0
Use of Proceeds
Use of Proceeds1、約65%或676.2百萬港元將用于深化現有的解決方案、開發新的解決方案，并增強技術能力； 2、約15%或156.0百萬港元將用于深化對一系列其他產業的滲透； 3、約10%或104.0百萬港元將用于提升營銷能力； 4、約10%或104.0百萬港元將分配作營運資金及其他一般業務用途。
Underwriting Syndicate
Sole Sponsor (1)
GUOTAI JUNAN CAPITAL LIMITED CE AGS488(sole)
Sponsor cum Overall Coordinator (1)
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236(sole)
Overall Coordinators (3)
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236 德意志银行香港分行 Futu Securities International (Hong Kong) Limited CE AZT137
Joint Global Coordinators (4)
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236 德意志银行香港分行 Futu Securities International (Hong Kong) Limited CE AZT137 Hong Tai Securities Limited CE BJK437
Joint Bookrunners (15)
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236 德意志银行香港分行 Futu Securities International (Hong Kong) Limited CE AZT137 Hong Tai Securities Limited CE BJK437 Orient Securities (Hong Kong) Limited CE AVD362 North Beta International Securities Limited CE ARR717 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 CCB International Capital Limited CE AJO225 China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459 TradeGo Markets Limited CE BRO637 CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650 ABCI CAPITAL LIMITED CE AWL249 BOCOM International Securities Limited CE APJ121 Tiger Brokers (HK) Global Limited CE BMU940 SOUTH CHINA SECURITIES LIMITED CE AAA874
Joint Lead Managers (15)
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236 德意志银行香港分行 Futu Securities International (Hong Kong) Limited CE AZT137 Hong Tai Securities Limited CE BJK437 Orient Securities (Hong Kong) Limited CE AVD362 North Beta International Securities Limited CE ARR717 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 CCB International Capital Limited CE AJO225 China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459 TradeGo Markets Limited CE BRO637 CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650 ABCI Securities Company Limited CE ACX411 BOCOM International Securities Limited CE APJ121 Tiger Brokers (HK) Global Limited CE BMU940 SOUTH CHINA SECURITIES LIMITED CE AAA874
Capital Market Intermediaries (13)
Hong Tai Securities Limited CE BJK437 Orient Securities (Hong Kong) Limited CE AVD362 North Beta International Securities Limited CE ARR717 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 CCB International Capital Limited CE AJO225 China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459 TradeGo Markets Limited CE BRO637 CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650 ABCI Securities Company Limited CE ACX411 ABCI CAPITAL LIMITED CE AWL249 BOCOM International Securities Limited CE APJ121 Tiger Brokers (HK) Global Limited CE BMU940 SOUTH CHINA SECURITIES LIMITED CE AAA874
Stabilizing Manager (1)
GUOTAI JUNAN CAPITAL LIMITED CE AGS488
Service Providers
RoleInstitution
Legal Advisor to Company Davis Polk & Wardwell
King & Wood
DLA Piper Singapore Pte. Ltd.
Legal Advisor to Sponsors/Underwriters 海问律师事务所有限法律责任合伙
海问律师事务所
Auditor and Reporting Accountant 香港立信德豪会计师事务所有限公司
Industry Advisor Frost & Sullivan (Beijing) Inc., Shanghai Branch Co.
Compliance Advisor Somerley Capital Limited CE BAU754
Receiving Banks CMB Wing Lung Bank Limited
Bank of China (Hong Kong) Limited
Cornerstone Investors
#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 中视金桥 10,000,000 USD 1,510,400 6.71% 5.84% 6 months 2026-06-30
2 Alphahill基金 10,000,000 USD 1,510,400 6.71% 5.84% 6 months 2026-06-30
3 富策控股 5,000,000 USD 755,200 3.36% 2.92% 6 months 2026-06-30
4 Infini 5,000,000 USD 755,200 3.36% 2.92% 6 months 2026-06-30
5 蔷薇香港 20,000,000 HKD 388,300 1.73% 1.50% 6 months 2026-06-30
6 New Golden Future Limited 2,000,000 USD 302,000 1.34% 1.17% 6 months 2026-06-30
7 Cithara基金 2,000,000 USD 302,000 1.34% 1.17% 6 months 2026-06-30
8 FMF 2,000,000 USD 302,000 1.34% 1.17% 6 months 2026-06-30
9 Joy Mobile 1,000,000 USD 151,000 0.67% 0.58% 6 months 2026-06-30
Directors & Management
Chairman刘志坚
Company Secretary宣然
Executive Director (5)
#NameEnglish NameType
1 刘志坚 — Executive Director
2 耿大为 — Executive Director
3 杨阳 — Executive Director
4 宣然 — Executive Director
5 姜春飞 — Executive Director
Non-Executive Director (1)
#NameEnglish NameType
1 蔡祥 — Non-Executive Director
Independent Non-Executive Director (6)
#NameEnglish NameType
1 汪棣 — Independent Non-Executive Director
2 蒋昌建 — Independent Non-Executive Director
3 田江川 — Independent Non-Executive Director
4 国可心 — Independent Non-Executive Director
5 孙正章 — Independent Non-Executive Director
6 郑圣磊 — Independent Non-Executive Director
Major Shareholders
Major Shareholders & HoldingsImmediately after the completion of the Global Offering, Mr. 劉呈喜 will indirectly control approximately 26.84% of the total issued share capital of the Company through 珠海恩圓, 珠海富前, 珠海股溫 and 珠海亨呈, constituting the single largest shareholder group.
AI AI 市场洞察 AI interpretation deepseek-v4-pro · AI-generated
!
Underlying data failed quality checks; AI interpretation downgraded and shown for reference only.

市场情绪

迅策本次IPO获7.24倍超额认购，申购人数逾9700人，市场情绪温和。最终一手中签率约32.8%，未触发回拨机制，显示机构与散户需求相对均衡。最终发售价48港元，企业服务软件板块整体热度中规中矩。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）

申购档位分析

甲尾（申购80,000股）期望获配仅0.64手，乙头（100,000股）期望获配0.82手，两者均未实现稳中一手，中签决定依赖随机分配。该档位结构未出现甲尾效率高于乙头的倒挂现象，但整体甲组和乙组资金效率极低，反映出散户密集申购导致的小手数极度分散。投资者需权衡中签率与手续费成本。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）

申购人群画像

本次招股未披露持有人地区及性别分布，总持有人数据暂缺。从有限的申请人数及超额倍数看，预计以本地散户为主，内地参与度可能受限于渠道或关注度较低。因缺乏人口画像细节，无法进一步分析投资者结构。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）

AI生成内容，仅供信息参考，不构成投资建议。请以官方文件为准。
// About this page //

This page shows Xunce (03317) 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.

Disclaimer

Site Nature: This website (cibo.hk) is an independent technology product showcase platform established by Panda Securities Limited (CE Number: BNC380). This website itself and all content displayed herein do not constitute and are not involved in any regulated activity or licensed service.

Not Investment Advice: The data on this page is automatically extracted from prospectus PDFs by AI and may contain omissions or errors. All information and data on this page are sourced from prospectuses and related historical documents, are not real-time data, and will not be automatically updated, reflecting historical information at the time of prospectus publication. All content is provided solely for AI tool analysis learning exchange and technical reference purposes, and absolutely does not constitute any investment advice, offer to buy or sell, solicitation, recommendation, or guarantee. The output of this AI analysis tool should not be interpreted as investment opinion.

Decision Responsibility: Users should make investment decisions based on their own independent judgment and consult independent licensed financial advisors when needed. Neither the Company nor this AI analysis tool shall bear any responsibility for any investment decisions made by users based on the information on this page.

Separation from Panda Securities Official Website: The content of this website is strictly distinct from the SFC-regulated licensed services provided by Panda Securities' official website (fafa.hk). No securities trading or account opening or other regulated operations can be conducted through this website.

Panda Securities Limited is a licensed corporation regulated by the Hong Kong SFC (CE Number: BNC380) and a Hong Kong Exchange Participant (Participant ID: 02229). Use of this website constitutes acceptance of this disclaimer.

Cibo — HK IPO Allotment Forecasts, Allottee Profiling & Stock Connect