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Equity · IPO
Sharetronic Data Technology’s IPO debut on Shenzhen Stock Exchange today
2020/07/27 01:34:01

Jul 27, 2020 (China Knowledge) - Sharetronic Data Technology (300857) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 9.3 per share, raising RMB 480.25 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 22.99.

Tianfeng Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Sharetronic Data Technology said its IPO was 3,311 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. We expect the IPO to hit limit of 44% increment in its first day of listing. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Sharetronic Data Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of products such as intelligent terminals and data storage devices in the field of consumer electronics. The Company mainly provides customers with smart terminal products and data storage devices related to video capture (encoding), access (transmission) and display (decoding) in the modes of joint design manufacture (JDM) and original design manufacturer (ODM). Its products include smart cameras, car networking smart terminals, smart Netcom gateways, other smart terminals and data storage devices, such as card-type smart cameras, smart driving recorders, smart routers, smart speakers, solid state drives, mechanical hard drives and other storage devices. The Company operates its businesses within the domestic market and to overseas markets.

In financial year 2019, Sharetronic Data Technology garnered a total revenue of RMB 1.56 bln, up 32% YoY. In terms of net income, it achieved RMB 95 mln, up 40% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 16.07% and 8.91% respectively, earning per share (EPS) of 0.62 RMB.

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