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Equity· IPO

Hangzhou Seck Intelligent Technology’s IPO debut on Shenzhen Stock Exchange today

CKN
minutes 2020/09/28 10:07:42
4,898

Sep 28, 2020 (China Knowledge) - Hangzhou Seck Intelligent Technology (300897) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 33.46 per share, raising RMB 568.82 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 35.99.

Haitong Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Hangzhou Seck Intelligent Technology said its IPO was 8,371 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

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In financial year 2019, Hangzhou Seck Intelligent Technology garnered a total revenue of RMB 320.83 mln, up 33% YoY. In terms of net income, it achieved RMB 76 mln, up 22% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 25.31% and 18.03% respectively, earning per share (EPS) of 1.28 RMB.

 

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