02605 METALIGHT
METALIGHT
METALIGHT
| Listing Date | 2025/06/10 |
| Listing Price | 9.750 |
Quote
Subscription Result
- Subscription Rate274.44x
- Guarantee One Lot Size250 lot
- One Lot Success Rate45%
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IPO Detail
COMPANY PROFILE
MetaLight Inc. operates Chelaile, a mobile app that applies big data analytics to deliver real-time, accurate bus arrival information. Chelaile has established a solid base for mobile advertising revenue through its extensive audience reach. Beyond advertising, the Group deliver data analytics products and services to businesses and governments.
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Launched in 2013, Chelaile empowers commuters with easy, reliable access to real-time bus information. By analyzing GPS data licensed from transportation entities, user queries and search histories, as well as data aggregation of buses and users, Chelaile offers up-to-the-minute bus schedules and accurate estimated arrival times, elevating travel experiences by reducing the uncertainty of wait times and the likelihood of missing buses.
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According to CIC, Chelaile is the largest real-time bus information platform in China by city coverage, spanning 274 cities as of December 31, 2024 with particularly strong presence in tier-3 and lower-tier cities. Chelaile has approximately 298.4 million cumulative users as of December 31, 2024.
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Chelaile is free for users, generating revenue primarily through programmatic and brand advertising. The Group’s customers consist primarily of programmatic advertising platforms and brand advertisers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 400 |
GLOBAL OFFERING
| No. of Offer Shares | 24.86M shares |
| No. of International Offer Shares | 12.43M shares |
| No. of HK Offer Shares | 12.43M shares |
| Offer Price | $9.75 |
| Stock Code | 2605 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CMBC Securities Company Limited, ABCI Securities Company Limited, CCB International Capital Limited, Patrons Securities Limited, SBI China Capital Financial Services Limited, Fosun International Securities Limited, BOCI Asia Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Tiger Faith Securities Limited, Long Bridge HK Limited |
TIME TABLE
| Application Period | Jun 02 (Mon) - noon, Jun 05 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jun 09 (Mon) |
| Result Announcement Date | On or before Jun 09 (Mon) |
| Result Announcement Date | On or before Jun 10 (Tue) |
| Dealings in Shares commence on | Jun 10, 2025. (Tue) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $9.75 |
| Capitalization | 1.50B |
| NAV / share ($) | $2.33 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 9.75, the net proceeds raised would be HKD 159.70M, of which |
| 45% : Enhancing technological capabilities |
| 30% : Used for sales and marketing efforts to enhance market presence and brand recognition |
| 15% : Recruit product development professionals and experts with specialized experience |
| 10% : Working capital |
IPO NEWS
| 10/06/2025 16:08 |
| {New Stock}METALIGHT(02605) ends down 30.26% at HK$6.8 |
| 10/06/2025 09:20 |
| {New Stock}METALIGHT(02605) opens down 22.05% at HK$7.6 |
| 09/06/2025 18:35 |
| {New Stock}METALIGHT(02605) ends down 14.77% on grey market |
| 09/06/2025 16:20 |
| {New Stock}METALIGHT down 5.13% at HK$9.25 on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).