IPO Timeline
Broker Deadline
2026-01-23
Morning deadline
HKEX Deadline
2026-01-23
Noon deadline
Broker Results (T-2)
2026-01-26
Some brokers release in afternoon
Grey Market (T-1)
2026-01-27
Afternoon
HKEX Allotment (T-1)
2026-01-27
Evening
Registrar Allotment (T-1)
2026-01-27
Evening
Listing Day (T)
2026-01-28
First day of trading
Company Overview
| Stock Name | 鳴鳴很忙 |
|---|---|
| Stock Code | 01768 |
| Company Full Name | 鳴鳴很忙 |
| Industry | Consumer Discretionary |
| Principal Activities | 我們是中國一家成熟且穩步發展的食品飲料零售商，主要通過加盟模式經營，授權加盟商以「零食很忙」和「趙一鳴零食」品牌銷售休閒食品飲料，提供品類豐富、高質價比、高頻上新的產品。 |
| Listing Date | 2026-01-28 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國湖南省 長沙市雨花區 長沙大道567號運達中央廣場 二期商務綜合樓33001-33006 |
| Business Address (Hong Kong) | 香港 銅鑼灣 勿地臣街1號 時代廣場 2座31樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.busyming.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 236.60 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 23,660 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-01-20 to 2026-01-23 |
| Global Offering Shares | 15,511,200 shares |
| HK Public Offer Shares (Initial) | 1,410,200 shares (9.1%) |
| Public Offer Lots (Initial) | 14,102lots (7,051lots, 7,051lots) |
| International Placing Shares (Initial) | 12,690,900 shares (90.9%) |
| Offer Ratio | ~7.24% |
| Total Shares Post-IPO | 214,101,100 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 41.4% |
| Clawback Tiers | 机制B-无回补 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 3,669,949,920 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 23,660 |
| 2 lots | 200 | HK$ 47,320 |
| 3 lots | 300 | HK$ 70,980 |
| 4 lots | 400 | HK$ 94,640 |
| 5 lots | 500 | HK$ 118,300 |
| 6 lots | 600 | HK$ 141,960 |
| 7 lots | 700 | HK$ 165,620 |
| 8 lots | 800 | HK$ 189,280 |
| 9 lots | 900 | HK$ 212,940 |
| 10 lots | 1,000 | HK$ 236,600 |
| 15 lots | 1,500 | HK$ 354,900 |
| 20 lots | 2,000 | HK$ 473,200 |
| 25 lots | 2,500 | HK$ 591,500 |
| 30 lots | 3,000 | HK$ 709,800 |
| 35 lots | 3,500 | HK$ 828,100 |
| 40 lots | 4,000 | HK$ 946,400 |
| 45 lots | 4,500 | HK$ 1,064,700 |
| 50 lots | 5,000 | HK$ 1,183,000 |
| 60 lots | 6,000 | HK$ 1,419,600 |
| 70 lots | 7,000 | HK$ 1,656,200 |
| 80 lots | 8,000 | HK$ 1,892,800 |
| 90 lots | 9,000 | HK$ 2,129,400 |
| 100 lots | 10,000 | HK$ 2,366,000 |
| 200 lots | 20,000 | HK$ 4,732,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 300 lots | 30,000 | HK$ 7,098,000 |
| 400 lots | 40,000 | HK$ 9,464,000 |
| 500 lots | 50,000 | HK$ 11,830,000 |
| 1,000 lots | 100,000 | HK$ 23,660,000 |
| 1,500 lots | 150,000 | HK$ 35,490,000 |
| 2,000 lots | 200,000 | HK$ 47,320,000 |
| 2,500 lots | 250,000 | HK$ 59,150,000 |
| 3,000 lots | 300,000 | HK$ 70,980,000 |
| 3,500 lots | 350,000 | HK$ 82,810,000 |
| 4,000 lots | 400,000 | HK$ 94,640,000 |
| 4,500 lots | 450,000 | HK$ 106,470,000 |
| 5,000 lots | 500,000 | HK$ 118,300,000 |
| 5,500 lots | 550,000 | HK$ 130,130,000 |
| 6,000 lots | 600,000 | HK$ 141,960,000 |
| 6,500 lots | 650,000 | HK$ 153,790,000 |
| 7,051 lots | 705,100 | HK$ 166,826,660 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 50,656,320,260 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於盈利狀態，但未提供市盈率信息） |
| Profit/Loss Status | 盈利約人民幣829.2百萬元 |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 400.0 |
|---|---|
| First Day Open | HK$ 445.0 |
| First Day Change | 69.06% |
| First Day Volume | 7881400.0 |
| First Day Turnover | 3312070000.0 |
Use of Proceeds
| Use of Proceeds | 1、約25.0%（約781百萬港元）將用于提升供應鏈能力及提高產品開發能力； 2、約20.0%（約625百萬港元）將用于門店網絡升級以及加盟商的持續賦能； 3、約20.0%（約625百萬港元）將用于品牌建設及推廣活動； 4、約20.0%（約625百萬港元）將用于提升科技能力和數字化水平； 5、約5.0%（約156百萬港元）將用于有選擇性地尋求與業務互補的戰略投資和收購機會； 6、約10.0%（約312百萬港元）將用于營運資金及其他一般企業用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
高盛（亚洲）有限责任公司 CE ACC536
华泰金融控股（香港）有限公司 CE AOK809
Overall Coordinators (3)
高盛（亚洲）有限责任公司 CE ACC536
华泰金融控股（香港）有限公司 CE AOK809
德意志银行香港分行
Joint Bookrunners (6)
高盛（亚洲）有限责任公司 CE ACC536
华泰金融控股（香港）有限公司 CE AOK809
德意志银行香港分行
海通国际证券有限公司 CE AAF806
浦银国际融资有限公司 CE BFZ375
富途证券国际（香港）有限公司 CE AZT137
Joint Lead Managers (6)
高盛（亚洲）有限责任公司 CE ACC536
华泰金融控股（香港）有限公司 CE AOK809
德意志银行香港分行
海通国际证券有限公司 CE AAF806
浦银国际融资有限公司 CE BFZ375
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 | BlackRock Funds | 272,799,800 HKD | — | 7.43% | — | 6 months | 2026-07-28 |
| 2 | Fidelity International | 233,808,120 HKD | — | 6.37% | — | 6 months | 2026-07-28 |
| 3 | Huang River Investment Limited | 350,735,840 HKD | — | 9.56% | — | 6 months | 2026-07-28 |
| 4 | Springs Capital (Hong Kong) Limited | 77,936,040 HKD | — | 2.12% | — | 6 months | 2026-07-28 |
| 5 | Taibai Investments Pte. Ltd. | 350,735,840 HKD | — | 9.56% | — | 6 months | 2026-07-28 |
| 6 | 博时基金(国际)有限公司 | 77,936,040 HKD | — | 2.12% | — | 6 months | 2026-07-28 |
| 7 | 泰康人寿保险有限责任公司 | 77,936,040 HKD | — | 2.12% | — | 6 months | 2026-07-28 |
| 8 | 易方达基金管理有限公司 | 77,936,040 HKD | — | 2.12% | — | 6 months | 2026-07-28 |
Directors & Management
| Chairman | 晏周 |
|---|---|
| Company Secretary | 陳超 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 截至最後實際可行日期，晏先生及趙先生共同控制約61.83%的投票權。緊隨全球發售完成後（假設發售量調整權及超額配股權未獲行使），晏先生、趙先生及相關持股平台將有權控制約57.76%的投票權。 |
|---|
AI
AI Analysis
Market Sentiment
市场对「鸣鸣很忙」的认购热情极为高涨，超额倍数高达1899.49倍，有效申请逾22.9万份，但最终中签率仅6.15%，反映一票难求。发售价定在236.6港元，尽管未披露定价区间，但超强需求表明定价具备吸引力。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）
Tier Analysis
甲尾（申购20,000手）期望中签仅0.04手，而乙头（申购30,000手）却达0.26手，乙头的绝对中签量显著高于甲尾，资金效率也更优，暗示乙组竞争远较甲组缓和。这一分布与常见甲尾略优的模式不同，或与机构资金偏好乙组有关。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）
Demographics
本次披露的人口统计数据显示中国内地与香港参与比例均为0%，可能因相关数据未充分提供或样本量过小，无法从中洞察地域或人群特征。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）
Offering Structure
Subscription Tiers
IPO Timeline
