First day of the IPO | Xunce (03317) first listed and opened 0.04% higher in early trading, and the company ranked fourth in real-time data infrastructure and analysis market share in China

The Zhitong Finance App learned that Xunce (03317) was first listed. According to the announcement, each share was priced at HK$48, and a total of 22.5 million shares were issued, with 100 shares per lot, with a net proceeds of about HK$966 million. As of press release, it rose 0.04% to HK$48.02, with a turnover of HK$37.234,900.

According to public information, Xunce is a supplier of real-time data infrastructure and analysis solutions in China. The company provides real-time information technology solutions covering data infrastructure and data analysis for enterprises in all industries. The company's system integration services facilitate seamless deployment in customer-owned environments, including self-managed cloud and on-premise systems.

In 2024, China's real-time data infrastructure and analytics market is worth RMB 18.7 billion, accounting for 4.5% of China's total data infrastructure and analytics market. The company ranked fourth in this segment in terms of revenue, with a market share of 3.4%. In 2024, asset management in China will account for 11.2% of the total real-time data infrastructure and analytics market in China. According to 2024 revenue, the company ranked first in the real-time data infrastructure and analysis market in China's asset management industry, with a market share of 11.6%.