Is wps on the market?

Has wps been listed?

On November 18, 2019, Kingsoft Office opened its doors at the Shanghai Stock Exchange Listed on the Innovation Board.

The securities code of Kingsoft Office is 688111, the issuance price is 45.86 yuan per share, and the issuance price-to-earnings ratio is 78.37 times. After the gong opened, Kingsoft Office's stock price opened more than 205% higher, with the stock price trading at 140 yuan per share. As of 15:00 on November 18, the closing price was 126.35 yuan/share

After Kingsoft (3888.HK) and Xiaomi Group (1810.HK), Lei Jun successfully put the third company on the capital market , is also its first A-share listed company. Calculated based on Kingsoft Office’s total share capital of 461 million shares, Kingsoft Office’s opening market value reached 65.44 billion yuan, exceeding the market value of its parent company Kingsoft Software in Hong Kong stocks (approximately HK$25 billion).

31 Years of Fighting

All in mobile returns to its peak

The main products of Kingsoft Office appear in our Daily: WPS office software. Fighting against the global office software giant Microsoft, Kingsoft Office's 31 years have not been easy.

According to the prospectus, as of the end of 2018, Kingsoft Office’s WPS office software users accounted for 42.75% of the total users in the domestic office market, accounting for nearly half of the total. As of March 2019, the number of monthly active users (MAU) of Kingsoft Office's main products exceeded 328 million.

Kingsoft Office’s application for listing on the Science and Technology Innovation Board was accepted by the Shanghai Stock Exchange on May 8. The company’s sponsor is CICC. After landing on the Science and Technology Innovation Board, Kingsoft Office raised a net amount of 4.459 billion yuan, mainly investing in four directions: R&D and upgrade of WPS Office office software, construction of a basic R&D center for artificial intelligence in the office field, Internet cloud services for office products, and internationalization of office software.

As a subsidiary of Kingsoft Software, Kingsoft Office was spun off and operated independently in 2011, with Lei Jun serving as executive director. Lei Jun had already founded Xiaomi at that time, and he foresaw that mobile phones might become personal computing centers. He also made a request for Kingsoft Office - All in Mobile.

This is a very "correct judgment". WPS relies on the mobile terminal to achieve counterattack. Today, WPS Office’s market share on the PC side is only 40%, while the mobile side has reached more than 90%.

In 2011, with Lei Jun’s strong support, WPS released a mobile version of its product more than two years ahead of its major peers, and fully invested in the transformation of the mobile Internet.

As of now, in the individual user market, Kingsoft Office provides office services to 330 million users in more than 220 countries and regions around the world. More than 500 million files are created, edited and shared on the WPS platform every day. , more than 100 million office materials are downloaded and used on the Daokeer content platform every month. In addition, WPS office has 80 million monthly active users in overseas markets, ranking top in the global Google Play and macOS office software application markets, and has a leading reputation.

"As a representative of national software, WPS has experienced ups and downs in its development. It has encountered restrictions in China's copyright environment, strong challenges from multinational giants, and as a national software company, it has faced challenges in terms of capital, talent, etc. It’s a difficult situation in many dimensions, but WPS always insists on doing one thing: making good products, adhering to programmer culture, and adhering to technology to build a career.” Ge Ke said, "31 years of insisting on technology-based business not only shaped WPS's business form and business model, but also determined WPS's development path and strategic choices to a large extent."

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