Roaming holding super Purchase 312 times times as "Frozen Capital King", the game "high fever" continued to spread

According to Hong Kong media reported that the new shares roaming Holdings, the capital is hot, its public offering by 27,000 people to subscribe, frozen capital of nearly 54.6 billion Hong Kong dollar, the IPO this year, "Frozen capital King."

312 times times more than a "Frozen capital king"

The Hong Kong Economic Daily reported that more than 27,000 people had subscribed to the "roaming holdings", compared to a public offering of HK $172.5 million, a 312 times-fold purchase, plus a handling fee, a freezing capital of HK $54.6 billion, which exceeded the frozen capital of HK $ Jibao in February this year, and leapt to the top of the According to the callback mechanism, the share of the public offering of roaming holdings will rise from 10% to 50%.

According to the news, the company intends to set a price of HK $51 per share instead of a cap of HK $55 and raise about HK $1.6 billion in terms of the number of shares sold in 31.37 million shares. People close to the deal said management wanted to "keep the water level" (the price rises) to investors.

The HK $51 share offer is very rare in Hong Kong, and in fact, as of yesterday, there were only 34 stocks with a closing price of HK $50.

The public offering has been so hot that the original investors have also been unexpectedly unprepared. In 2012, the company introduced three investors, such as Taassociates and Qiming Ventures, with a total shareholding of 28%. The company has a total stake of 66%, with the founder and chairman of Wangdong holding about 21%.

and Taassociate China director Tan Hainan Frankly, did not think of the Hong Kong public offering will be so popular, continue to optimistic about the future development of the company, I believe that the future mobile game expansion, can continue to the advantages of online games.

It is reported that, about One-third of the shares listed on the market will be listed before the sale of old stocks, but details are unknown. TA's investment trip cost of 2.37 U.S. dollars per share (about HK $18.37), compared to the upper limit of the share price discount of 66%, the listing of the sale of about 7.98 million shares, a maximum profit of HK $290 million.

Game "high fever" continues to spread

Public information shows that roaming Holdings, formerly known as the online gaming company Forgame Group, was founded in 2009, headquartered in Guangzhou, has a total of three wholly-owned subsidiaries: Guangzhou Fi Ying and Guangzhou Czech tour is responsible for the game research and Development, Guangzhou Dimensional movement is the game operators, but from 2011 onwards, also began to develop their own page products. Currently has the "Ming Dynasty Times", "Mortal repair true" and other representative works. The company is also developing mobile phone games, has a hand tour products "World ol". Veteran gaming industry analyst Zheng also called the "small Tencent" of the page tour.

The prospectus shows that the 2012 earnings of the roaming holdings were 777 million yuan, up 1 time times, while earnings surged 11 times times to 218 million yuan. Morgan Stanley expects corporate earnings to grow by 36% per cent in the next three years, and 2014 P/E (PE) 9.5 to 12 times times. According to the prospectus, the company ranked first among online developers in terms of 2012 net income. In addition, roaming its own game platform 91wan also issued 79 independent research and development and proxy web games, and has more than 179 million registered users.

But behind the growth in performance, the high asset-liability ratio of the roaming holdings cannot be overlooked, with 2010-2012-year asset-liability ratios of 118.07%, 62.53% and 126.18%, respectively, and soaring to 151.21% in the first half of 2013.

Roaming Holdings will be listed on October 3, while other online games stocks have been wenfengerdong, such as the net Dragon nearly 3 trading days rose 13%, while the game as one of the main business of Kingsoft software within one months has risen 25%.

In addition, the message said, the game operator IgG intended to strike, the fastest early next month, the rights issue. Similar to the roaming holdings, IgG deals with Web pages and mobile gaming markets, and has worked with leading game publishers Facebook, Apple's iOS platform, Android GooglePlay, and Google +.