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Marketingforce Soars Over 17% on Debut, Single Lot Winners Poised for a Potential HK$755 Profit
M+ Global Updates16/05/2024 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.
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This page is machine-translated. M+ Global tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.