December 19, 2018, AsiaInfo Technologies Limited (hereafter “AsiaInfo Technology” or “Company”) became listed on the main board of the HKEX under stock code 1675.HK. CMB International Capital Limited acted as Joint Bookrunner and Joint Lead Manager in the Hong Kong IPO of AsiaInfo Technologies Limited, and ensured the successful listing.
As the provider of China’s first-generation telecom software, AsiaInfo Technology has collaborated extensively with each of China Mobile, China Unicom and China Telecom since the 1990s, supporting over one billion subscribers nationwide. AsiaInfo Technology is the largest telecom software product and related service provider in China, with a market share of 25.3% as measured by revenue in 2017, according to Frost & Sullivan. According to the same source, Company is also the largest BSS software product and related service provider in the telecom industry in China, with a market share of 50.0% as measured by revenue in 2017.
AsiaInfo Technology issued 85,652,000 new shares globally (before the exercise of the over-allotment option) at an issue price of HK$10.50 per share and raised a total of HK$899 million (before the exercise of the over-allotment option). Despite volatile market conditions, AsiaInfo Technology’s IPO still received enthusiastic welcome from domestic and foreign investors, and both international offering and Hong Kong public offering were oversubscribed. The joint efforts of CMB International and China Merchants Bank's various departments have successfully introduced a number of high-quality investors to the Company and landed a solid foundation for the IPO.
As a Chinese underwriting agency in the project, CMB International has played a vital role in project execution and integrated investment banking services, and has fully utilized its advantages in connecting Chinese and high net worth clients in stock sales, making an important contribution to the successful listing of AsiaInfo Technology.
About AsiaInfo Technologies Limited
As the provider of China’s first-generation telecom software, AsiaInfo Technologies Limited (hereafter “AsiaInfo Technology” or “Company”) has collaborated extensively with each of China Mobile, China Unicom and China Telecom since the 1990s, supporting over one billion subscribers nationwide. AsiaInfo Technology is the largest telecom software product and related service provider in China, with a market share of 25.3% as measured by revenue in 2017, according to Frost & Sullivan. According to the same source, Company is also the largest BSS software product and related service provider in the telecom industry in China, with a market share of 50.0% as measured by revenue in 2017. The long-standing business relationship with telecom operators has provided the Company with deep insights into telecom operators’ IT and network environment and business and operational needs, enabling the Company to develop an extensive portfolio of over 500 mission-critical, carrier-grade software products (software products which meet the reliability, stability and security requirements of telecom operators and are essential to telecom operators’ business operations), ranging from CRM, charging & billing and big data to IoT and intelligent network products. As of June 30, 2018, AsiaInfo Technology had 212 telecom operator customers, respectively, including the headquarters, provincial, municipal and specialized companies and joint venture of China Mobile, China Unicom and China Telecom; meanwhile, the Company maintained a customer retention rate of higher than 90% for all customers and 99% for its telecom operator and large enterprise customers during the track record periods.
