华泰金融控股(香港)有限公司 CE AOK809(sole)中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940
Joint Global Coordinators (5)
华泰金融控股(香港)有限公司 CE AOK809中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940中银国际亚洲有限公司 CE AET863申万宏源证券(香港)有限公司 CE AAC927
Joint Bookrunners (12)
华泰金融控股(香港)有限公司 CE AOK809中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940中银国际亚洲有限公司 CE AET863申万宏源证券(香港)有限公司 CE AAC927第一上海证券有限公司 CE ABV488复星国际证券有限公司 CE AAF432一盈证券有限公司 CE BJB315利弗莫尔证券有限公司 CE BJN764TradeGo Markets Limited CE BRO637万海证券(香港)有限公司 CE ADS061盈宝证券国际(香港)有限公司 CE BRG131
Joint Lead Managers (12)
华泰金融控股(香港)有限公司 CE AOK809中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940中银国际亚洲有限公司 CE AET863申万宏源证券(香港)有限公司 CE AAC927第一上海证券有限公司 CE ABV488复星国际证券有限公司 CE AAF432一盈证券有限公司 CE BJB315利弗莫尔证券有限公司 CE BJN764TradeGo Markets Limited CE BRO637万海证券(香港)有限公司 CE ADS061盈宝证券国际(香港)有限公司 CE BRG131
Capital Market Intermediaries (12)
华泰金融控股(香港)有限公司 CE AOK809中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940中银国际亚洲有限公司 CE AET863申万宏源证券(香港)有限公司 CE AAC927第一上海证券有限公司 CE ABV488复星国际证券有限公司 CE AAF432一盈证券有限公司 CE BJB315利弗莫尔证券有限公司 CE BJN764TradeGo Markets Limited CE BRO637万海证券(香港)有限公司 CE ADS061盈宝证券国际(香港)有限公司 CE BRG131
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.
Market Sentiment
The IPO oversubscription of 2.52 times and an 87.5% hit rate indicate muted retail enthusiasm, with no clawback triggered and reallocation accommodating the modest demand. The offer price settled at HK$1.27, reflecting a subdued market response. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
Without granular tier data, the low oversubscription ratio and use of the old mechanism suggest a uniform distribution with no significant tier inefficiencies. Clawback was not activated, so the allocation likely had minimal variance across tiers. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland participation was high at 78.3%, pointing to strong cross-border interest, while local Hong Kong investors accounted for only 21.5%. The applicant pool skewed 68.3% male with an average age of 42.3, revealing a mature, male-dominated investor profile. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Subscription Tiers
IPO Timeline
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