SUNMI TECH-W logo

SUNMI TECH-W

06810 · HKEX
Listed

SUNMI is an loT technology company whose core value is "altruism.

Listed

IPO Timeline

  1. OpenApr 21
  2. CloseApr 24
  3. AllotmentApr 28
  4. PaymentApr 29
  5. ListingApr 29

Key Facts

Issue Price

HKD 24.86

Min Entry Fee

HKD 2,511.07

Shares Issued

42.63M

Lot Size

100

Total Raise

HKD 1059.7M

Estimated Market Cap

HKD 10.01B

Public Allocation

10.0%

International Placement

90.0%

Business Overview

SUNMI is an loT technology company whose core value is "altruism." We are committed to delivering a rich portfolio of high-quality smart loT devices and comprehensive end-to- cloud integrated services for the commercial sector, working with ecosystem partners to build a hyper- connected business world and ultimately realizing Commerce 4.0.

Use of Proceeds

1、Approximately HK$363.5 million (or ~40.0%) will be allocated for R&D of BloT​ software and hardware solutions;

2、Approximately HK$272.6 million (or ~30.0%) will be used to enhance supply chain and production operations;

3、Approximately HK$181.7 million (or ~20.0%) will be allocated for the execution of the global market expansion plan;

4、Approximately HK$90.9 million (or ~10.0%) will be used for working capital and other general corporate purposes.

Sponsor Track Record

Track-record data is being refreshed.

Intermediaries & Documents

Sponsors

  • 德意志證券亞洲有限公司
  • 中信證券(香港)有限公司
  • 農銀國際融資有限公司

Underwriters

  • 德意志銀行香港分行
  • 中信里昂證券有限公司
  • 農銀國際證券有限公司
  • 招銀國際融資有限公司
  • 申萬宏源證券(香港)有限公司

Prospectus PDF

Prospectus PDF

Cornerstone Investors

  • XINWUTANG CO., LIMITED
  • China Orient Enhanced Income Fund

Total

0

27.0% of placement

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