When will the market cap bubble of Maitime (02556), which leverages a turnover of 280 million to drive a market value growth of tens of billions, "pop"?

Due to fierce market competition, reduced enterprise investment, and difficulty in profiting, SaaS companies have performed very poorly in the capital markets in recent years. Taking China Youzan (08083) as a representative SaaS symbol, its stock prices fell by 76.62%, 63.7%, and 26.53% from 2021 to 2023, and after three consecutive years of decline, China Youzan's decline in 2024 exceeded 40%, with a market cap reduced by over 98% from its peak. Against the backdrop of the capital market's obvious cooling attitude towards SaaS companies, a newly listed SaaS company has risen impressively.

Zhitong FinanceJun 16 08:32 ET

Changes in Hong Kong stocks | McFTSE (02556) once rose more than 23% and rose nearly 90% from the offering price

At one point, McFTSE (02556) rose more than 23% to HK$82.8, up more than 89% from the offering price of HK$43.6. As of press release, it rose 20.28% to HK$80.35, with a turnover of HK$24.1417 million.

Zhitong FinanceMay 31 03:02 ET

Changes in Hong Kong stocks | McFTSE (02556) rose more than 7% in the afternoon and 46% from the offering price. The company is the largest marketing and sales SaaS solution provider in China

McFTSE (02556) rose more than 7% in the afternoon, to a high of HK$63.9, up more than 46% from the offering price of HK$43.6. As of press release, it rose 6.97% to HK$63.7, with a turnover of HK$18.519 million.

Zhitong FinanceMay 30 01:58 ET

[IPO] McFTSE (02556) closed at HK$51.65, 18.46% higher than the offering price

Jinwu Financial News | McFTSE (02556) closed at HK$51.65, 18.46% higher than the offering price. It traded 799,500 shares throughout the day, with a turnover of HK$40.2063 million. Each lot earns HK$805 for every 100 shares without handling fees. The stock opened at HK$45 in early trading, which was 3.21% higher than the offering price. At the same time, it was the lowest price of the day. The highest price was HK$56. The latest total market value is HK$12.146 billion.

金吾財訊May 16 04:11 ET

Changes in Hong Kong stocks | Maifushi (02556) rose more than 28% on the first day of listing. The company is the largest marketing and sales SaaS solution provider in China

On the first day of listing, McFTSE (02556) rose more than 28%. As of press release, it had risen 20.53% to HK$52.55, with a turnover of HK$36.8092 million, and a total market value of over HK$12 billion.

Zhitong FinanceMay 16 03:06 ET

Marketingforce Management Opens 3% Higher in Hong Kong Trading Debut

Marketingforce Management (HKG:2556) opened 3.2% higher at HK$45 on its first trading day on the Hong Kong bourse Thursday. The Chinese provider of marketing and sales software solutions to enterprise

MT NewswiresMay 15 22:43 ET