Yuan Guang Technology begins its IPO today with an entry fee of HK$3939.

Mainland bus information service provider Yuanguang Technology, operator of the mobile app "Che Lai Le", will start trading on Thursday, selling 24.856 million shares. One-tenth of the shares will be sold publicly in Hong Kong, with the rest sold internationally at a price of 9.75 Hong Kong dollars per share, raising a maximum of 242 million Hong Kong dollars. The minimum subscription is 400 shares, with an entry fee of 3,939.34 Hong Kong dollars. The stock is expected to be listed on June 10. The sole sponsor is China International Capital Corporation. The company plans to use approximately 45% of the net proceeds to enhance its technological capabilities; about 30% for sales and marketing activities to increase market share and brand visibility; approximately 15% for recruitment; and approximately 10% for operating funds and general corporate purposes.