Business Valuation

Initial Public Offering (IPO)

Congratulations to Full Truck Alliance Co. Ltd. (stock code: YMM.US) on its Successful Listing on NYSE on 22 June 2021. With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to preferred shares, equity incentive plans, purchase price allocation, expected credit losses and financial guarantee.
 
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Congratulations to Full Truck Alliance Co. Ltd. (Stock Code: YMM.US) on its Successful Listing 

Congratulations to Diginex Limited (DGNX.US) on its successful Listing on NASDAQ on 22 January 2025
 
Diginex Limited (“Diginex”) was founded in 2020, Diginex engages in the provision of environmental, social, and governance (ESG) reporting solution services, supply chain due diligence solutions services, advisory services, and developing customization solutions in Hong Kong, the United Kingdom, and the United States. Through its subsidiaries, the company utilizes the latest blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action. Highlights of its suite of products include digninexESG, a cloud based ESG platform that offers end to end reporting from topic discovery, data collection, and collaborative report publishing services and diginexLUMEN, which allows companies to execute supply chain risk assessment.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to the fair values of preferred shares, convertible loan notes, warrants, put option and employee share options.
 
Congratulations again to Diginex Limited (DGNX.US) on its successful listing. The issue price is USD 4.1 per share, and the amount of funds raised is USD 9.23 million.
 
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 Congratulations to Diginex Limited (DGNX.US) on its successful Listing on NASDAQ on 22 January 2025

AVISTA was honored to be invited by The Chamber of Hong Kong Listed Companies (CHKLC), Hong Kong Association of Registered Public Interest Entity Auditors Limited (PIEAA), Association of Hong Kong Capital Market Practitioners Limited (HKCMP) and The Hong Kong Institute of Directors (HKIoD) to attend and sponsor the Hong Kong Capital Markets Forum 2025.
 
The forum, titled "Enhancing Economic Vitality and Strengthening Competitiveness," has invited Mr. Paul Chan Mo-Po GBM, GBS, MH, JP, the Financial Secretary of the HKSAR Government, to deliver the opening speech. This forum aims to explore the development of the Chinese capital markets and Hong Kong’s role, innovations in the Hong Kong capital markets, the current status and future trends of Hong Kong, as well as ways to attract domestic and international investors. It also examined innovative financial and business models to address challenges such as fluctuations in the economic environment and geopolitical issues, enabling Hong Kong to respond to challenges and seize opportunities.
 
AVISTA is delighted to be part of this esteemed forum, alongside professionals from the capital markets, government agencies, academia, and the financial industry, to discuss the prospects, challenges, and opportunities for the global and Chinese economies in 2025. We will bring our expertise in advisory services to support the growth and development of Hong Kong's economic vitality.
 
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As a Sponsor of Hong Kong Capital Markets Forum 2025

Congratulations to Beijing Saimo Technology Co., Ltd. (2571.HK) on its successful Listing on the Mainboard of HKSE on 15 January 2025
 
Beijing Saimo Technology Co., Ltd. is a technology company in the PRC focusing on intelligent connected vehicle (“ICV”) simulation testing technologies, and primarily engaged in the design and R&amp;D of ICV simulation testing products and the provision of related testing, validation and evaluation solutions. ICVs refer to a new generation of vehicles that are equipped with advanced on-board sensors, controllers, actuators and other devices, and integrating advanced communication and network technologies.
 
 With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to financial asset and financial instrument.
 
Congratulations again to Beijing Saimo Technology Co., Ltd. (2571.HK) on its successful listing. The issue price is C12.99  per share, and the amount of funds raised is HKD 358.6 million.
 
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