平证证券(香港)有限公司 CE BMC491中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940复星国际证券有限公司 CE AAF432洪泰证券有限公司 CE BJK437百惠证券有限公司 CE BPQ161
Joint Lead Managers (11)
平证证券(香港)有限公司 CE BMC491中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940复星国际证券有限公司 CE AAF432洪泰证券有限公司 CE BJK437百惠证券有限公司 CE BPQ161兴证国际融资有限公司 CE BAK956艾德证券期货有限公司 CE BHT550富强证券有限公司 CE AHQ488工银国际证券有限公司 CE ARO299老虎证券(香港)环球有限公司 CE BMU940
Capital Market Intermediaries (11)
平证证券(香港)有限公司 CE BMC491中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940复星国际证券有限公司 CE AAF432洪泰证券有限公司 CE BJK437百惠证券有限公司 CE BPQ161兴证国际融资有限公司 CE BAK956艾德证券期货有限公司 CE BHT550富强证券有限公司 CE AHQ488工银国际证券有限公司 CE ARO299老虎证券(香港)环球有限公司 CE BMU940
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 saw a modest oversubscription of 16.07 times, indicating moderate retail enthusiasm rather than frenzied demand. The overall hit rate was a relatively high 76.31%, meaning the majority of applicants received an allocation, and the offer price was fixed at HK$7.00. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A notable anomaly is that the largest A-tier applicant (甲尾) with a subscription of HK$400,000 and the smallest B-tier applicant (乙头) with HK$500,000 both received exactly 1 lot, making the A-tail more cost-efficient in broker fees. The lack of incremental allocation for moving up a tier suggests a tightly compressed distribution. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Broker fee structures vary; actual costs may differ. Not financial advice.)
Demographics
Mainland Chinese investors accounted for 89.3% of successful applicants, reflecting strong cross-border interest in this Hong Kong IPO. The applicant pool skewed male (58.1%) with an average age of 42.4 years, though regional concentration data is not available. (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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