He Yun Auto Rental Completes Pre-IPO Auction, Eyes August 11 Listing

He Yun Auto Rental has successfully completed its pre-IPO bidding auction, attracting significant investor interest with an oversubscription rate of 1.88 times. The company is set to officially list on the stock exchange on August 11th, marking a new chapter in its corporate development.

The public offering price has been set at NT$42 per share, following a weighted average winning bid price of NT$47.11 from the auction. The public subscription period runs from July 31st to August 3rd, with a lottery draw scheduled for August 5th.

He Yun Auto Rental is a major player in Taiwan's automotive market, specializing in both long-term and short-term car rentals, as well as used car distribution. It commands approximately 30% of the long-term car rental market share, solidifying its leading position. The company's fleet includes 40,000 long-term rental vehicles, supported by a "one-stop comprehensive vehicle management" service that includes maintenance, insurance, and replacement vehicles.

Despite facing market challenges such as rising interest rates, He Yun Auto Rental has maintained strong profitability through effective asset management and used car circulation. The company reported pre-tax net profits of NT$1.47 billion, NT$1.26 billion, and NT$1.14 billion for 2023, 2024, and 2025, respectively. Its first-half revenue for the current year reached NT$15.4 billion, a 5.69% increase year-on-year.

Looking ahead, He Yun Auto Rental is committed to sustainable growth by expanding its green vehicle fleet, including electric vehicles and charging solutions, in line with global decarbonization trends. The company also aims to broaden its personal rental market, enhance collaborations with car brands, and cater to diverse mobility needs through long-term rentals, subscriptions, and shared mobility services.

“

The public offering price has been set at NT$42 per share, with a weighted average winning bid price of NT$47.11.