Company News - 15 May 2019

AMTD completes the HK IPO of Duiba Group

On May 7th, 2019, Duiba Group (“Duiba”, stock code: 1753.HK), China’s leading user management SaaS provider for online businesses and interactive advertising platform operator, was successfully listed on the Mainboard of Hong Kong Stock Exchange. As a Joint Bookrunner and Joint Lead Manager, AMTD assisted Duiba to successfully land in the international capital market. This transaction is the third leading user management SaaS company’s IPO that AMTD completed after Weimob (2013.HK) and Mobvista (1860.HK), as well as the 8th IPO issuance of AMTD since the beginning of 2019.

Duiba Group (1753.HK), China’s leading user management SaaS provider for online businesses and interactive advertising platform operator, was successfully listed on the Main Board of HKEX with AMTD serving as a Joint Bookrunner and Joint Lead Manager

Duiba offered 111 million shares with issue price at HK$6.00 per share and gross proceeds of around US$85 million. Duiba is a user management SaaS provider for online businesses and the leading interactive advertising platform operator in China. It ranked top in China’s user management SaaS market and China’s mobile interactive advertising market. As of December 31, 2018, more than 14,000 mobile apps have registered with its user management SaaS platform and 53.0% of the top 100 mobile apps in terms of DAUs in China have used the platform for user acquisition and monetization. The Company pioneered and launched its interactive advertising business in 2015 to capitalize on its knowledge of mobile app user behavior across a range of scenarios. The advertising business has generated RMB 1.1 billion revenue in 2018, which accounts for a market share of over 50%.

 

Ms. Christy (2nd left), Board Secretary of Duiba Group and Marcellus Wong (1st left), Vice Chairman of AMTD Group, Neil Wang (1st  right), Chief Strategic Alliance Officer of AMTD and Christine Chen (2nd right), Executive Director of Institutional Sales of AMTD attended the listing ceremony

As a comprehensive financial institution rooted in Hong Kong, based in the Greater Bay Area, backed by China and covering the globe, AMTD has always been committed to providing clients with open-end, innovative, diversified and professional financial services and helping more and more technology and new economy companies from different regions and diversified industries to expand business coverage, implement strategic goals and achieve global layout. In addition to Duiba, AMTD has also completed a number of Hong Kong and US IPO for various industry-leading companies this year, including Koolearn (1797.HK), a leading online extracurricular education service provider in China and IntelliCentrics (6819.HK), a leading medical technology platform; the US IPO of Up Fintech (NASDAQ: TIGR), a leading online brokerage firm focusing on global Chinese; the Hong Kong IPO of Aoyuan Healthy Life (3662.HK), a renowned property management service and commercial operational service provider; the Hong Kong IPO of Maoyan Entertainment (1896.HK), “the first Hong Kong-listed company in China's Internet entertainment service industry”; and the Hong Kong IPO of Weigang (1845.HK), a leading comprehensive hazardous waste incineration turnkey solution provider. In innovative technology areas such as enterprise SaaS services and online advertising services, AMTD has also assisted Weimob (2013.HK), “the first Hong Kong-listed new economy SaaS company”; Mobvista (1860.HK), a leading technology services platform for global app developers; and Wanka Online (1762.HK), a China’s leading innovative technology company in the mobile internet market to successfully list on the main board of the Hong Kong Stock Exchange.