Cogobuy opened 4 Hong Kong dollars and the issue price flat

Netease Technology News July 18, today Cogobuy Core listed on the Hong Kong Stock Exchange, the stock code 00400, the opening price of 4 Hong Kong dollars, unchanged from the issue price.

According to Cogobuy prospectus, the total issue of 340 million shares, the total share capital of 1.374 billion, according to 4 Hong Kong dollar opening price, the total financing of 1.37 billion Hong Kong dollars, Comtech market value of about 55 billion Hong Kong dollars (about 710 million market capitalization USD).

The Cogobuy IPO introduced three cornerstone investors, a total of 50 million US dollars subscription (about 388 million Hong Kong dollars), namely, Unique Golden Limited, HC International, Blueberry Capital Limited. Among them, Unique Golden Limited, a wholly-owned subsidiary of Hong Kong Digital China, subscribed 20 million US dollars; HC International Hong Kong stocks HC subsidiary, subscribe 20 million US dollars.

After the IPO, Cogobuy's chairman Kang Jingwei holds 51.08% of the shares of Cogobuy. Among them, 50.95% of the shares of Envision Global, a wholly-owned subsidiary of Cogobo, became the largest shareholder of Cogobuy.

Prospectus shows that in 2013, Cogobuy's total merchandise trade volume reached about 3.9 billion yuan, revenue was 24,172.8 million yuan, an increase of 1112.8%, net profit of 86.57 million yuan; and the first quarter of 2014, Comtech Core City revenue was 1.35402 trillion yuan, an increase of 250%, net profit of 28.99 million yuan, an increase of 319%.

Founded in 2010, Cogobuy is the first self-operated e-commerce supplier of IC components for small and medium-sized enterprises in China, belonging to 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. (Yang Hui)