Cogobuch is listed on the HKEx

Not long ago, Cogobuy's B2 platform, an electronic component platform for electronic components, was listed on the Hong Kong Stock Exchange today (stock code: 00400) with a total financing of HK $ 1,375 million (US $ 177.838 million). According to the opening price of 4 Hong Kong dollars, the market value of about 5.5 billion Hong Kong dollars (710 million US dollars) or so. The stock opened at 4 Hong Kong dollars, unchanged from the issue price.

In accordance with the issue price calculation, the company listed on the scale of financing reached 1375200000 dollar. If the underwriters exercise over-allotment option, then this figure will reach 1.58 billion Hong Kong dollars.

According to the prospectus, Cogobuy's chairman Kang Jingwei holds 51.08% of Cogobuy's shares after the IPO, of which 50.95% of the shares of EnvisionGlobal, a wholly owned subsidiary, have become the largest shareholders of Cogobuy. After listing, Kang Jingwei worth about 2.8 billion Hong Kong dollars.

On the evening of July 7, Cogobuy applied for an initial public offering (IPO) to HKEx under the ticker symbol 00400 and is expected to issue 344.8 million shares. The IPO pricing interval ranges from HK $ 3.20 to HK $ 4.48 and up to HK $ 1.54 billion .

Cogobuy introduced the IPO of UniqueGoldenLimited, HC International and BlueberryCapitalLimited three cornerstone investors, a total of 50 million US dollars subscription (about 388 million Hong Kong dollars).

In 2013, Cogobuh's gross merchandise trade amounted to about 3.9 billion yuan, revenue was 24.1728 billion yuan, an increase of 1112.8%, net profit of 86.57 million yuan; and the first quarter of 2014, Cogobuy revenue 13.5342 billion yuan, an increase of 250%, net profit of 28.99 million yuan, an increase of 319%.

Founded in 2010 and headquartered in Shenzhen, Cogobuy is a B2B e-commerce platform that focuses on serving the Chinese electronics manufacturing industry. It is divided into self-owned and third-party platform businesses and is affiliated with Comtech Group. Comtech Group was founded in 1995, 2005 in the United States Nasdaq (code: COGO) listed, is China's largest distributor of IC components.

According to Analysys International, China has become the world's largest IC component procurement market with a total transaction volume of 2 trillion yuan last year. (Finish)