Aug 05, 2020 (China Know-how) – Beijing Quanshi Planet On the internet Network Info Co., Ltd. (002995) to start out buying and selling on the Shenzhen Inventory Exchange – SME Board right now, at a community presenting value of RMB 33.84 for each share, elevating RMB 547.19 mln. Its original listing shares account for 25% of overall superb shares. The company’s first cost-to-earning ratio (PE) stands at 22.99.
Minsheng Securities acted as the direct underwriter and sponsor for the IPO.
Before, Beijing Quanshi World On the web Network Facts Co., Ltd. reported its IPO was 9,194 periods oversubscribed. Given that 2019 to date, A-shares IPOs attained median oversubscription of 2,373 occasions and the best at 8,375 instances. We expect the IPO to strike restrict of 44% increment in its 1st day of listing. For subsequent 30-day trading the performances can be acquired from our China IPO Weekly.
Beijing Quanshi Planet On the internet Network Data Co Ltd is a China-dependent organization that provides thorough Online marketing and advertising solutions and business-degree program-as-a-service (SaaS) marketing and advertising companies to company prospects. The Company’s integrated Online internet marketing products and services mainly consist of information mining and strategy formulation, media source procurement, innovative style and design and material manufacturing, placement screening and result investigation, tactic optimization and placement, result monitoring and analysis. The Firm’s company-stage SaaS internet marketing expert services are mostly to present buyers with all-round solutions this kind of as consulting, education, invest in and routine maintenance of SaaS goods. The Organization mainly conducts its business enterprise in the domestic current market.
In economical yr 2019, Beijing Quanshi Entire world On the internet Network Information Co., Ltd. garnered a whole revenue of RMB 2.39 bln, up 2% YoY. In conditions of internet money, it reached RMB 99 mln, up 15% YoY. Accordingly, return on fairness (ROE) and return on asset (ROA) stood at 25.57% and 13.07% respectively, earning per share (EPS) of 2.04 RMB.
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