FTT Galaxy
Sep 29, 20221 min
Leap Motor is officially listed in Hong Kong today. The opening price on the first day of listing was HK$41 per share, a drop of more than 14% from the issue price of HK$48. Based on this calculation, the current market value of Leapmotor is about HK$37.8 billion.
On March 17, Leap Motor submitted a listing application to the Hong Kong Stock Exchange, with CICC, Citigroup, JPMorgan Chase, and CCB International as the joint sponsors. According to the prospectus, from 2019 to 2021, Leap Motor's total revenue is about 117 million yuan, 631 million yuan, and 3.132 billion yuan respectively; operating losses are about 730 million yuan, 869 million yuan, and 2.868 billion yuan respectively.
Shareholding:
Zhu Jiangming holds 9.15% of the shares
Wan Zai Mingzhao holds 1.07% of the shares
Hangzhou Xintu holds 0.4% of the shares
Ningbo Jinghang holds 1.27% of the shares
Fu Liquan holds 9.01%
Ningbo Huayang holds 2.37% of the shares
Ningbo Gu Lin holds 2.15% of the shares
Ningbo Hualing holds 5.59% of the shares
51 other shareholders hold 68.99%