Carter's (02549) first listed on the stock market, as of the time of publication, rose by 64.36%, at 9.5 Hong Kong dollars, with a turnover of 0.309 billion Hong Kong dollars.
According to the information from the Wisdom Financial APP, Carter's (02549) was first listed on the stock market. The announcement shows that the price per share is 5.78 Hong Kong dollars, a total of 0.1299 billion shares were issued, with 500 shares per lot. The net proceeds are expected to be approximately 0.693 billion Hong Kong dollars. The Hong Kong public offering received 1347.27 times oversubscription. As of the time of publication, the stock rose by 64.36%, at 9.5 Hong Kong dollars, with a turnover of 0.309 billion Hong Kong dollars.
It is reported that Carter's was established in 2007 and as an emerging global lifestyle kitchenware brand, it has established an outstanding position in the online kitchenware subcategory fields in major markets such as China, the USA, Western Europe, Southeast Asia, and Japan. It has become one of the fastest-growing kitchenware brands globally. As of June 5, 2024, the company's online business has expanded to cover 19 online markets in 19 regional markets, totaling 48 self-operated stores. Carter's product portfolio includes over 2,200 SKUs covering various kitchenware categories such as cookware, kitchenware, drinkware, tableware, and kitchen small appliances.
According to the Zhoushi Consulting report, based on the 2023 retail revenue, Carter's ranks fourth in China, second in the USA, third in Western Europe, second in Southeast Asia, and third in Japan. Financial data shows that from 2021 to 2023, the company's revenue increased from 0.67 billion yuan to 1.58 billion yuan, and the net income increased from 31.7 million yuan to 0.23 billion yuan. In the first quarter of this year, the company's revenue reached 0.5 billion yuan, with a net profit margin of 17.6%.