高盛(亚洲)有限责任公司 CE ACC536UBS Securities Hong Kong Limited CE BIN466
Overall Coordinators (4)
高盛(亚洲)有限责任公司 CE ACC536UBS Securities Hong Kong Limited CE BIN466中国国际金融香港证券有限公司 CE AEN894香港上海汇丰银行有限公司
Joint Bookrunners (7)
高盛(亚洲)有限责任公司 CE ACC536UBS Securities Hong Kong Limited CE BIN466中国国际金融香港证券有限公司 CE AEN894香港上海汇丰银行有限公司农银国际证券有限公司 CE ACX411中银国际亚洲有限公司 CE AET863招银国际融资有限公司 CE AVM940
Joint Lead Managers (8)
高盛(亚洲)有限责任公司 CE ACC536UBS Securities Hong Kong Limited CE BIN466中国国际金融香港证券有限公司 CE AEN894香港上海汇丰银行有限公司农银国际证券有限公司 CE ACX411中银国际亚洲有限公司 CE AET863招银国际融资有限公司 CE AVM940富途证券国际(香港)有限公司 CE AZT137
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
Duckling Fund, L.P.
62,319,824 HKD
—
3.44%
—
6 months
2025-08-12
2
GM Charm Yield (BVI) Limited
116,850,664 HKD
—
6.44%
—
6 months
2025-08-12
3
Golden Valley Global Limited
58,423,344 HKD
—
3.22%
—
6 months
2025-08-12
4
Golden Valley Value Select Master Fund
58,423,344 HKD
—
3.22%
—
6 months
2025-08-12
5
Huang River Investment Limited
194,756,408 HKD
—
10.74%
—
6 months
2025-08-12
6
Long-Z Fund I, LP
62,319,824 HKD
—
3.44%
—
6 months
2025-08-12
Directors & Management
Chairman
王云安
Company Secretary
王賽斌,岑影文
No director data available.
Major Shareholders
Major Shareholders & Holdings
Modern Leaves Limited(40.28%),Chivalrous Lancers Limited(18.43%),Cousin Tea Limited(12.81%)
AIAI Analysis
!
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
古茗 achieved a strong 194.87x oversubscription, signaling intense market demand, yet the 100% hit rate indicates all valid applications were fully allocated, likely due to reallocation and clawback. This combination of high demand and universal allocation reflects both robust enthusiasm and effective supply management. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
With a 100% hit rate across the board, there are no tier-specific allocation anomalies; every applicant received shares regardless of subscription size, eliminating typical A-tail/B-head inefficiencies. Broker fee efficiency comparisons are moot here as no lottery was required. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland Chinese investors overwhelmingly led participation at 87.7%, underscoring strong cross-border appetite for the brand. The investor base skewed male (65.5%) with an average age of 39.4, indicating a middle-aged, experienced demographic. Regional concentration likely centered in Guangdong, reflecting the tea chain's geographic footprint. (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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