02889 博泰車聯
PATEO
PATEO
| Register Close | 2025/09/25 IPO Closing in 2 Days |
| Listing Date | 2025/09/30 |
|
|
|
|
|
|
|
|
|
|
IPO Detail
COMPANY PROFILE
Pateo Connect Technology (Shanghai) is a leading smart cockpit solution provider in China. The Group offers smart cockpit solutions and vehicle connectivity support services to OEM and Tier-1 customers. According to CIC, the Group is the third-largest provider of smart cockpit domain controller solutions for passenger vehicles in China in terms of shipment volume in 2024, with a 7.3% market share.
--
The Group provides OEM and Tier-1 customers with domain controllers — the backbone of a smart cockpit — as its core products. The Group’s customers have the flexibility to choose an integrated solution, combining domain controllers deployed with its operating system and various hardware components like display screens and other devices assembled by it, tailored to their vehicle’s design.
--
During the period comprising FY2022, FY2023, FY2024 and 5M2025, the Group sold approximately 4.6 million smart cockpit products. The Group generated a substantial portion of its revenue from smart cockpit solutions. The Group’s customers primarily consist of Chinese OEMs such as Avatr and Voyah, sino-foreign joint venture OEMs, and international OEMs that install its smart cockpit solutions and products on their vehicles or purchase its vehicle connectivity support services.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 20 |
GLOBAL OFFERING
| No. of Offer Shares | 10.44M H shares |
| No. of International Offer Shares | 9.39M H shares |
| No. of HK Offer Shares | 1.04M H shares |
| Offer Price | $102.23 |
| Stock Code | 2889 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, Guotai Junan Capital Limited, CMB International Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Guotai Junan Securities (Hong Kong) Limited, CMB International Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, CLSA Limited, BOCI Asia Limited, ABCI Securities Company Limited, Livermore Holdings Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Sep 22 (Mon) - noon, Sep 25 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Sep 29 (Mon) |
| Result Announcement Date | On or before Sep 29 (Mon) |
| Result Announcement Date | On or before Sep 30 (Tue) |
| Dealings in Shares commence on | Sep 30, 2025. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $102.23 |
| Capitalization (H Shares) | 7.26B |
| NAV / share ($) | $16.43 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 102.23, the net proceeds raised would be HKD 919.10M, of which |
| 30% : Expanding portfolio of products and solutions and enhancing technology |
| 30% : Enhance production, testing, and validation capabilities |
| 20% : Expand sales and services network and raise brand awareness |
| 10% : Strategic acquisitions for further integrating industry resources |
| 10% : Working capital |
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). |
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --Offer Price︰--
| Currency | : |
| Listing Price | : |
| Board Lot | : |
| Admission Fee* |
: |
| Subscribing Lot | : |
| Subscribing Fee | : |
| Subscribing Amount | : |
*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).