Lei Jianping on October 16
Qiniu Intelligent Technology Co., Ltd. (hereinafter referred to as "Qiniu Intelligent", stock code: "02567") will be listed on the Hong Kong Stock Exchange today. The issue price of Qiniu Intelligent is HK$2.75, which is at the lower end of the issue range of HK$2.74 to HK$2.86.
Qiniu Intelligent offered 160 million shares this time, raising a total of HK$439 million, deducting the issuance expenses of HK$72.1 million, and the net proceeds were HK$367 million.
Heshun is a cornerstone investor, with a subscription amount of about HK$176 million, accounting for 3.16% of the total share capital of Qiniu Intelligence.
Qiniu Intelligent submitted a prospectus to the SEC in May 2021 to prepare for listing on NASDAQ, but Didi's listing in the United States stalled the road to listing of Chinese concept stocks in the United States, resulting in the abortive listing of Qiniu Intelligence in the United States.
After a lapse of 2 years, Qiniu Intelligent transferred to Hong Kong and rushed to the capital market, and now, Qiniu Intelligent is finally listed on the Hong Kong Stock Exchange.
Qiniu Intelligent has raised more than 3 billion yuan, and its shareholders include Jingwei China, Qiming Venture Capital, Zhangjiang Hi-Tech, China State-owned Enterprise Structural Adjustment Fund and other institutions.
Qiniu Intelligent has received multiple rounds of financing, among which, Qiniu Cloud received millions of yuan in Series A financing in February 2012, which was invested by Jingwei China; In January 2013, it received tens of millions of dollars in Series B investment from Qiming Venture Capital and Jingwei China.
In August 2014, Qiniu Intelligent received a Series C financing of US$20 million, led by Broadband Capital, followed by Matrix Partners China and Qiming Venture Partners. In 2016, it completed the D round of financing of 55 million US dollars, with investors including Fangguang Capital, Harvest Investment, Zhangjiang Hi-Tech, Telstra and other institutions.
In August 2017, Qiniu Intelligent announced the completion of $85 million in Series E financing, led by Alibaba Group and Yunfeng Fund, and completed Series F and F-1 rounds of financing of $93 million in June 2020, with investment from the National Adjustment Fund, Bank of Communications International, and Hongzhao Fund.
After the IPO, Xu Shiwei held 16.52%, Lv Guihua held 5.41%, Alibaba held 16.27% through Taobao China, Yunfeng Fund held 11.44%, Jingwei China held 7.34%, and Qiming Funds, a subsidiary of Qiming Venture Capital, held 6.29%.
CBC holds 3.8%, Shanghai Shentai holds 1.58%, Junbo Sheen holds 1.35%, Yonglu holds 6.74%, FG Venture holds 1.88%, and Golden Valley holds 0.23%;
Harvest Yuanxiang holds 3.52%, Shanghai Zhangjiang holds 2.35%, Shanghai Zhangjiang Science and Technology Investment holds 1.41%, Titanium Ventures holds 1.41%, BOCOM Asset Management holds 3.85%, and BOCOM Fund holds 0.62%.
Among them, Alibaba invested more than 500 million yuan, and the offering discount of the equity held by it reached 39.15%, and the offering discount of the equity held by Yunfeng Fund reached 35.51%.
In this listing, due to the sharp decline in the grey market, many investment institutions of Qiniu Intelligence may face floating losses.
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