He-Yun Rent-a-Car's Oversubscription Ratio Reaches 1.88 Times, Set to List on August 11 at NT$42 per Share

He-Yun Rent-a-Car (7855-TW), under the umbrella of WaTai Auto (2207-TW), successfully completed the stock auction process today (31st) in conjunction with its initial public offering. This auction involved 57,649 shares, with a total of 108,577 valid bids, resulting in an oversubscription ratio of 1.88 times. The weighted average winning price was NT$47.11 per share.

The weighted average winning price for this auction was NT$47.11 per share, while the public offering price was set at NT$42 per share. With the successful completion of the auction, He-Yun Rent-a-Car's public offering process will take place from July 30 to August 3, with a public lottery draw on August 5, and is scheduled to list on August 11, marking a new milestone in He-Yun's corporate development.

Liu Yuan-sen, Chairman of He-Yun Rent-a-Car, stated that after officially entering the capital market, the company will continue to improve corporate governance and operational efficiency. It will also deepen the integration of ESG green fleet, AI digital applications, and platform ecosystem to provide customers with more superior and convenient mobility services.

Since the initiation of its listing plan, He-Yun has successfully completed important procedures such as listing review, cash capital increase, and pre-listing performance presentation. It has held more than ten corporate exchange and investor meetings across Taiwan, receiving a strong market response.

He-Yun Rent-a-Car has been deeply involved in the Taiwanese car rental market for over 27 years, consistently holding the first market share in the new car long-term rental market for 24 consecutive years. Its combined revenue for 2024 and 2025 is expected to reach NT$29.1 billion and NT$29.7 billion, respectively. The earnings per share (EPS) for the first quarter of this year is NT$1.3.

In addition to providing corporate car solutions for TOYOTA, LEXUS, HINO, and European luxury brands (Mercedes-Benz, BMW, Tesla, Porsche, etc.), He-Yun's iRent shared service membership has exceeded 2 million people.

Through HAA Auction Center, HOT Car Alliance, HOT Warranty Alliance, and abc Car Network, He-Yun has created the most comprehensive vehicle lifecycle management ecosystem in the industry.