Tiger securities, the relevant person in charge of the sound network to play a new channel has been online. Investors can click to view the prospectus and make subscription on the subscription of new shares page of apptigertrade. The minimum number of subscription is 100 shares. According to the current issue price range, the minimum new threshold is 1280 US dollars. Currently, it is expected that sonnet will go public on June 26, and its subscription channel will be closed at 18:00 p.m. on June 25.
Global leader in real-time cloud services
Founded in 2013, sonnet is a company that provides real-time engagement platform-as-a-service (RTE PAAS for short). The company said in its prospectus that its market share is a global leader in the industry. The sound network platform provides developers with an easy-to-use, highly customizable and widely compatible application programming interface (API), which can embed real-time video and voice functions into their applications.
The business of the voice network adopts the free value-added mode, which provides 10000 minutes of free real-time participation for each account every month. If the usage exceeds the specified free minutes, it will be charged according to the usage. In March 2020 alone, sonnet provided over 40 billion minutes of real-time interaction to end users in more than 100 countries through more than 10000 applications. As of March 31, 2020, sonnet has 1176 active customers.
The voice network represents its technology and products for use cases in multiple large software markets, namely cpaas, CDN and collaborative application market. Speaking of market opportunities, soundnet said in the prospectus that according to IDC data, the global cpaas market is expected to grow from $3.3 billion in 2018 to $17.2 billion in 2023, with a CAGR of 39.3%. In the cpaas market, video is expected to grow from $600 million in 2018 to $3.5 billion in 2023, with a CAGR of 43.6%. Over the same period, voice is expected to grow from $1.5 billion to $8 billion, with a CAGR of 40.8%.
In terms of performance, in 2018, 2019 and by the end of March 2020, the total revenue of soundnet is 43.66 million US dollars, 64.43 million US dollars and 35.56 million US dollars. During the same period, net profit was $376000, $6.18 million and $2.99 million, respectively. As for where the funds raised from the listing will be used, soundnet said that the net income from the offering will be used for research and development, marketing and brand promotion, technology infrastructure investment, working capital and other general corporate purposes.
Tiger securities, the exclusive U.S. stock, leads the Internet brokers
This year, before sonnet, nine Chinese companies have gone public in the United States, of which tiger securities has won six exclusive innovations, including the hot stone burning medicine, legend biology, jinshanyun, dada group, etc. With the rapid development of tiger securities investment banking business, tiger securities has more and more participated in the IPO of new economy companies as underwriters in the past two years, so it often has an absolute advantage in high-quality new project resources and share allocation.
These high-quality new projects bring investors high returns of real gold and silver. At present, there are four tigers with an opening increase of more than 10%. Among them, flamstone medicine and legend biology have an opening increase of 38.18% and 60.87% respectively, while legend biology has a maximum increase of 73.65%, which is undoubtedly a considerable profit for domestic traders.
The profit-making effect brought by the innovation, together with the advantages of low threshold of subscription, zero subscription fee, high school signing rate and so on, makes tigers US stocks gradually break the circle and attract more investors to participate. In terms of the winning rate that investors are most concerned about, the fierce competition between A-share and Hong Kong stock market is hard to find, while the American stock market is generally allocated by securities companies independently. Under the principle of GSP + subscription quantity priority of tiger securities, the winning rate is relatively high. It is reported that the number of winners of Firestone medicine, dada group and UnionPay reached 100%, while that of other star stocks such as jinshanyun and legend biology reached 51.7% and 48%, respectively.
In fact, this years enthusiasm for investors to participate in the US stock market is unprecedented. As far as burning stone medicine is concerned, in just three and a half days, more than 10000 investors have one click to make new through the exclusive subscription channel provided by Tiger securities, which has set a new record in the history of U.S. stock IPO subscription on tiger securities platform. The subscription amount on the retail side has reached 223 million dollars, which is a hot scene.
The new upsurge reflects that the markets trust in high-quality medium cap stocks has not been affected by previous short selling. Some insiders believe that, in the medium and long term, the overall positive certainty of the stock is high, and the U.S. market will not lose confidence in the stock as a whole due to individual cases. Wu Tianhua, the founder and CEO of tiger securities, also holds a long-term positive attitude towards most of zhonggai shares. He said that in the past 10 years, the PE change of zhonggai shares has not declined significantly. Moreover, after the overall market is improving, zhonggai shares are showing a leading trend. In its opinion, although China capital stock has experienced several storms in the past 20 years, outstanding enterprises have stood the test and become the enterprises concerned by the worlds investors. Tiger securities should be the bridge paver between these enterprises and investors with the development goal of century old stores, and continue to make efforts in connecting both sides and recognizing each others values.
It is reported that tiger securities has provided investors with 50 new services in the past two years, which is far ahead of other Internet brokers. In addition to the voice network, tiger securities also includes a large number of exclusive innovation of Chinese stocks, such as iqiyi, Huya, pinduoduo, bilibilibilibili, 360 finance, Tencent music, Netease Youdao. Last year, the Silicon Valley Unicorn zoom was listed on Nasdaq, and tiger securities also took the exclusive share, becoming the only Internet securities company in the world to provide subscription of new shares of zoom. Founded in 2014, tiger securities is a fast-growing Chinese Internet securities company, aiming to improve everyones investment efficiency through financial technology. At present, the company takes brokerage business as its core, mainly providing stock trading services in major global markets such as US stock, Hong Kong stock, British stock, A-share (Shanghai Hong Kong stock connect / Shenzhen Hong Kong stock connect) for ordinary investors and institutional investors, as well as a variety of value-added services such as asset management and wealth management services, institutional and enterprise services, and investor education. At present, the company has obtained licenses or permits from securities companies in the United States, New Zealand, Australia and Singapore. Source: editor in charge of mass news: Chen Tiqiang_ NB6485
Founded in 2014, tiger securities is a fast-growing Chinese Internet securities company, aiming to improve everyones investment efficiency through financial technology. At present, the company takes brokerage business as its core, mainly providing stock trading services in major global markets such as US stock, Hong Kong stock, British stock, A-share (Shanghai Hong Kong stock connect / Shenzhen Hong Kong stock connect) for ordinary investors and institutional investors, as well as a variety of value-added services such as asset management and wealth management services, institutional and enterprise services, and investor education. At present, the company has obtained licenses or permits from securities companies in the United States, New Zealand, Australia and Singapore.