Hong Kong 2022 2 Largest IPOs Leapmotor & Onewo Share Prices Drops on 1st Day of Trading, Raised $800 Million & $733 Million Respectively
30th September 2022 | Hong Kong
Hong Kong 2 largest IPOs (Initial Public Offering) in 2022 smart EV company Leapmotor Technology (-33% from IPO price) and real estate management company Onewo (-6.8% from IPO price) share prices have dropped on the 1st day of trading (Hong Kong Exchange, 29/9/22). Zhejiang Leapmotor Technology had raised $800 million in the IPO and Onewo had raised $733 million. Leapmotor is a smart EV company based in China and Onewo is a leading property management service provider in China.
” Hong Kong 2022 2 Largest IPOs Leapmotor & Onewo Share Prices Drops on 1st Day of Trading, Raised $800 Million & $733 Million Respectively “
Leapmotor & Onewo
Leapmotor is a smart EV company based in China that strives to deliver the finest smart mobility experience to all consumers. Harnessing its proprietary technologies and capacity for innovation, the company designs and builds EVs by approaching them as electronics products characterized by smart features and rapid product iterations, amid the ongoing transformation of automobiles from a means of transport into intelligent mobile spaces.
Onewo is a leading property management service provider in China. 32 years ago, we kick-started our journey with the simple purpose of pursuing excellent property management services for more people – a purpose which still guides the way we do business in a highly competitive and fragmented sector today. According to Frost & Sullivan, we ranked first in China’s property management services market in 2021 in terms of basic property management service revenue, holding a market share of 4.28%. Drawing on our brand strength and service quality, we have expanded our business beyond property management and become a leading service provider with a growth model built upon the synergy of businesses across community, commercial and urban spaces, serving a diverse array of properties such as residential communities, workspaces and public premises, and a broad customer base covering property owners, corporate and other institutional clients. Leveraging R&D investments, we have developed AIoT and BPaaS solutions aiming to digitalize workflows, mobilize resources and improve efficiency of the spaces we serve. As our service offerings intertwine and further integrate with purpose-built technologies, we become well-prepared to achieve economies of scale and capture adjacent opportunities. In terms of geographic focus, we strive to provide quality services to customers in high-tier cities with strong economic fundamentals.
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