富卫集团 01828 Prospectus Information

IPO Timeline

Broker Deadline

2025-07-02

Morning deadline

HKEX Deadline

2025-07-02

Noon deadline

Broker Results (T-2)

2025-07-03

Some brokers release in afternoon

Grey Market (T-1)

2025-07-04

Afternoon

HKEX Allotment (T-1)

2025-07-04

Evening

Registrar Allotment (T-1)

2025-07-04

Evening

Listing Day (T)

2025-07-07

First day of trading

Company Overview

Stock Name	富卫集团
Stock Code	01828
Company Full Name	富卫集团
Industry	保險
Principal Activities	公司是一家泛亞洲人壽保險公司，采用以客為先及科技賦能的模式，于2013年由李澤楷先生成立，愿景是開辟屬于我們的道路，以期成為亞洲領先的保險公司。
Listing Date	2025-07-07
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	香港太古城太古灣道14號13樓
Business Address (Hong Kong)	To be extracted
Place of Incorporation	To be extracted
Listing Method	To be extracted
Listing Board	Main Board
Website	https://www.fwd.com/en/
Share Registrar	卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar Contact	(852)2980 1333
A-Share/US Dual Listing	No

Offering Information

Offering Mechanism	To be extracted
Offer Price	HK$ 38.00 / shares
Offer Price Range	To be extracted
Lot Size	To be extracted
Entry Threshold	To be extracted
Par Value	To be extracted
Offer Period	To be extracted
Global Offering Shares	To be extracted
HK Public Offer Shares (Initial)	To be extracted
Public Offer Lots (Initial)	To be extracted
International Placing Shares (Initial)	To be extracted
Offer Ratio	To be extracted
Total Shares Post-IPO	To be extracted
Greenshoe (Over-allotment Option)	No
Stabilizing Manager (Greenshoe)	—
Cornerstone Share	56.2%
Clawback Tiers	To be extracted
Reallocation Option	No
Total Global Offering Size	HK$ 1,041,302,600

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$ 3,800
2 lots	200	HK$ 7,600
3 lots	300	HK$ 11,400
4 lots	400	HK$ 15,200
5 lots	500	HK$ 19,000
6 lots	600	HK$ 22,800
7 lots	700	HK$ 26,600
8 lots	800	HK$ 30,400
9 lots	900	HK$ 34,200
10 lots	1,000	HK$ 38,000
15 lots	1,500	HK$ 57,000
20 lots	2,000	HK$ 76,000
25 lots	2,500	HK$ 95,000
30 lots	3,000	HK$ 114,000
35 lots	3,500	HK$ 133,000
40 lots	4,000	HK$ 152,000
45 lots	4,500	HK$ 171,000
50 lots	5,000	HK$ 190,000
60 lots	6,000	HK$ 228,000
70 lots	7,000	HK$ 266,000
80 lots	8,000	HK$ 304,000
90 lots	9,000	HK$ 342,000
100 lots	10,000	HK$ 380,000
200 lots	20,000	HK$ 760,000
300 lots	30,000	HK$ 1,140,000
400 lots	40,000	HK$ 1,520,000
500 lots	50,000	HK$ 1,900,000
600 lots	60,000	HK$ 2,280,000
700 lots	70,000	HK$ 2,660,000
800 lots	80,000	HK$ 3,040,000
900 lots	90,000	HK$ 3,420,000
1,000 lots	100,000	HK$ 3,800,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
2,000 lots	200,000	HK$ 7,600,000
3,000 lots	300,000	HK$ 11,400,000
4,000 lots	400,000	HK$ 15,200,000
5,000 lots	500,000	HK$ 19,000,000
6,000 lots	600,000	HK$ 22,800,000
7,000 lots	700,000	HK$ 26,600,000
8,000 lots	800,000	HK$ 30,400,000
9,000 lots	900,000	HK$ 34,200,000
10,000 lots	1,000,000	HK$ 38,000,000
20,000 lots	2,000,000	HK$ 76,000,000
30,000 lots	3,000,000	HK$ 114,000,000
45,671 lots	4,567,100	HK$ 173,549,800

Valuation & Financials

Market Cap (at Offer Price)	To be extracted
Pre-IPO Valuation (Last Round)	To be extracted
P/E Ratio	To be extracted
Profit/Loss Status	To be extracted
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$ 38.4
First Day Open	HK$ 38.0
First Day Change	1.05%
First Day Volume	20851000.0
First Day Turnover	789612000.0

Use of Proceeds

Use of Proceeds	全球發售所得款項凈額用于提高保險集團監管制度下的資本水平，并為營運實體提供增長資金，用于加強我們的股本、償付能力及核心流動資金，以及建立超出適用法定要求的資本緩沖。

Underwriting Syndicate

Joint Sponsors (2)

摩根士丹利亚洲有限公司 CE AAD291 高盛（亚洲）有限责任公司 CE ACC536

Overall Coordinators (4)

摩根士丹利亚洲有限公司 CE AAD291 高盛（亚洲）有限责任公司 CE ACC536 招银国际融资有限公司 CE AVM940 香港上海汇丰银行有限公司

Joint Bookrunners (4)

摩根士丹利亚洲有限公司 CE AAD291 高盛（亚洲）有限责任公司 CE ACC536 招银国际融资有限公司 CE AVM940 香港上海汇丰银行有限公司

Joint Lead Managers (13)

摩根士丹利亚洲有限公司 CE AAD291 高盛（亚洲）有限责任公司 CE ACC536 招银国际融资有限公司 CE AVM940 香港上海汇丰银行有限公司交银国际证券有限公司 CE APJ121 建银国际金融有限公司 CE AJO225 华泰金融控股（香港）有限公司 CE AOK809 工银国际证券有限公司 CE ARO299 瑞穗证券亚洲有限公司 CE AEZ953 SMBC Nikko Securities (Hong Kong) Limited CE ACO507 星展亚洲融资有限公司 CE AAE430 华侨银行有限公司 CE AAC083 大华继显（香港）有限公司 CE AAW261

Cornerstone Investors

#	Investor Name	Investment Amount	Shares Subscribed	% of Offer Shares	% of Total Shares	Lock-up Period	Est. Unlock Date
1	MC Management 10 RSC Ltd	1,169,997,200 HKD	—	33.70%	—	6 months	2026-01-07
2	T&D United Capital Co., Ltd.	779,999,400 HKD	—	22.50%	—	6 months	2026-01-07

Directors & Management

Chairman	馬時亨
Company Secretary	楊仕進

No director data available.

Major Shareholders

Major Shareholders & Holdings	PCGI Holdings Limited(32.78%);Spring Achiever (Hong Kong) Limited(24.72%)

AI AI Analysis

Market Sentiment

The IPO attracted robust retail demand with an oversubscription ratio of 37.13x, indicating intense competition for shares. The reported hit rate of 0.0% appears anomalous, possibly due to data errors or an extremely low allocation rate. Clawback reallocation was activated, underscoring strong retail interest relative to the institutional tranche. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

Granular tier-level allocation data (e.g., A-tail vs B-head lots) is not available, so no analysis of tier inefficiencies or winner ratios can be performed. Investors should consult the official Hong Kong IPO allocation results for details on tier-specific outcomes and broker fee comparisons. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions from source documents — verify against official HKEX filings.)

Demographics

Mainland China participation reached 52.5%, reflecting significant cross-border interest in this offering. The applicant base skewed male (62.1%) with an average age of 42.2 years, and Hong Kong residents made up 47.4%, indicating a balanced geographic mix typical for large financial sector IPOs. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions from source documents — verify against official HKEX filings.)

Subscription Tiers

IPO Timeline

富卫集团 01828Prospectus Information

Market Sentiment

Tier Analysis

Demographics