Marketingforce Soars Over 17% on Debut, Single Lot Winners Poised for a Potential HK$755 Profit
M+ Global Updates 16/05/2024 11:06

$MARKETINGFORCE 02556.HK$ debuted on the Hong Kong stock market today and saw its shares jump 17.32% to HK$51.15 each by 11:13 a.m. Malaysia. Investors who secured a single lot have gained a potential profit of HK$755, valuing the company at over HK$12.0 billion. The public offering was 5.95 times oversubscribed, with a 55% chance of winning a single lot in the lottery.

Data from Frost & Sullivan in the prospectus reveal that, based on 2022 revenue, Maxford Technology Holdings is China's largest marketing and sales SaaS solution provider, holding a 2.6% market share. Maxford serves businesses of all sizes and various needs through its Marketingforce platform, offering a suite of services from content and experience, advertising and promotion, to social and relationship, sales and delight, data and analytics, and strategy and management.

Disclaimer:

The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

Stay informed with updates through our Telegram and WhatsApp channels

Access the latest financial market news
Get expert insights

Scan QR to join

Telegram

Telegram

WhatsApp

WhatsApp