Tea Baidao successfully failed to be listed on the Hong Kong stock market

Chinese businessman Taoluo was the runner-up

2024-04-24 10:16Published in BeijingHuashang Taoluo, producer, creator in the field of finance

Author | Bi Yajun

　　The new tea drink "Tea Baidao" was listed on the Hong Kong stock market yesterday with an issue price of HK$17.5, and the stock price plummeted by 30% within one hour of opening, and finally closed down more than 26%, and the stock price fell to HK$12.8.

　　Judging from the prospectus, Chabaidao's performance is quite good: from 2021 to 2023, its revenue will increase from 3.64 billion yuan to 5.70 billion yuan, with a compound annual growth rate of 25.1%, and its adjusted net profit will increase from 900 million yuan to 1.26 billion yuan, with a compound annual growth rate of 18.2%.

　　With such performance and performance, Tea Baidao can be described as:

Successfully failed to list on the Hong Kong stock market.

　　1. After reading the performance of Tea Baidao, the most fortunate person is probably Cai Chongxin.

　　When Ali withdrew the rookie Hong Kong stock listing application, there were a lot of various analyses, but few people paid attention to Tsai Chongxin's sentence: "The current market is sluggish, there is a lack of liquidity, and it is meaningless to insist on promoting it." ”

　　What he said directly is that the current Hong Kong stock market cannot give rookies good listing support, so it is better not to fail to go public than to harm others and themselves.

　　2. Compared with the performance of Tea Baidao, Cai Chongxin's decision is really right. Now the Hong Kong stocks, even a cup of tea can't be digested well, how can it be picked up well, and it can be called a rookie who can be called a giant in comparison.

　　In fact, before the tea momochi, this trend was already very clear.

　　Rookie friends, the crazy swept market over the years of the polar rabbit express, last year's hard push, successfully listed in November, 12 Hong Kong dollars issue price, the issue market value of more than 100 billion, and then the stock price rose to 16 yuan, but now it has failed: the stock price fell to less than 7 yuan, and the market value fell to less than 60 billion Hong Kong dollars. In the company's stock bar, there are greetings and blessings to the family members of the company's management from time to time.

　　3. J&T Express is relatively good, and it is more than 5% off the issue price.

　　There are also a number of companies listed in Hong Kong stocks in the past two years, and their stock prices have been discounted by 4, 3, or even 1 or lower on the basis of the issue price.

　　The well-known Kai-Fu Lee's industrial AI company Innovation Qizhi has an issue price of more than 26 yuan when it was listed in 2022, but now it has fallen to about 4 yuan, and Kuaigou Dache, which was valued at more than 2 billion US dollars before listing, has a listing issue price of 21.5 Hong Kong dollars, and now it is 0.25 Hong Kong dollars, with a market value of 157 million Hong Kong dollars. And so on, a handful. So much so that some investors spoke:

If the boss wants to list on the Hong Kong stock market, he will break his legs.

　　4. Tsai Chongxin withdrew the rookie IPO, and when talking about market liquidity, the first thing that popped up in my mind was not how rookie and Ali were, but how Ma Yun worked hard to hope that Ali would be listed in Hong Kong.

　　Although Ali's Hong Kong stock listing was not successful at that time, the Hong Kong Stock Exchange at that time, not to mention one Ali, even several Ali's could take it, including Tencent, which had been listed, was constantly writing the myth of the company's and market value growth. After returning from the US listing, Jack Ma did not forget to express regret: "It is not that Hong Kong has missed Alibaba, but that Alibaba has missed Hong Kong."

　　From Ali's loss of Hong Kong to the withdrawal of the rookie from listing, the Hong Kong Stock Exchange should rise up.

　　During the 2009 financial tsunami, the stock price of HSBC plunged 24% in one day, and a stock commentator who witnessed its decline burst into tears on live television. Yesterday, I wonder if he also witnessed the 1-hour plunge of 30% in Tea Baidao, and if so, is there still tears to be shed?

　　——END——

　　Welcome to pay attention to [China Business Strategy], know the people, and read the legend of Taostrategy.

All rights reserved, unauthorized reproduction is prohibited

Part of the picture comes from the Internet

If there is any infringement, please contact us to delete

View original image 106K

•