中国国际金融香港证券有限公司 CE AEN894中信建投(国际)融资有限公司 CE BAU112民银证券有限公司 CE APU820东方证券(香港)有限公司 CE AVD362
Joint Bookrunners (15)
中国国际金融香港证券有限公司 CE AEN894中信建投(国际)融资有限公司 CE BAU112民银证券有限公司 CE APU820东方证券(香港)有限公司 CE AVD362农银国际证券有限公司 CE ACX411建银国际金融有限公司 CE AJO225中国光大证券(香港)有限公司 CE AAW536中国银河国际证券(香港)有限公司 CE AXM459招商证券(香港)有限公司 CE AAI650招银国际融资有限公司 CE AVM940星展亚洲融资有限公司 CE AAE430GF Securities (Hong Kong) Brokerage Limited CE AOB364工银国际证券有限公司 CE ARO299申万宏源证券(香港)有限公司 CE AAC927中泰国际证券有限公司 CE BAA855
Joint Lead Managers (20)
中国国际金融香港证券有限公司 CE AEN894中信建投(国际)融资有限公司 CE BAU112民银证券有限公司 CE APU820东方证券(香港)有限公司 CE AVD362农银国际证券有限公司 CE ACX411建银国际金融有限公司 CE AJO225中国光大证券(香港)有限公司 CE AAW536中国银河国际证券(香港)有限公司 CE AXM459招商证券(香港)有限公司 CE AAI650星展亚洲融资有限公司 CE AAE430GF Securities (Hong Kong) Brokerage Limited CE AOB364工银国际证券有限公司 CE ARO299申万宏源证券(香港)有限公司 CE AAC927中泰国际证券有限公司 CE BAA855复星国际证券有限公司 CE AAF432富途证券国际(香港)有限公司 CE AZT137Guosen Securities (HK) Capital Company Limited CE AUX600利弗莫尔证券有限公司 CE BJN764老虎证券(香港)环球有限公司 CE BMU940TradeGo Markets Limited CE BRO637
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
江苏江控投资有限公司
53,241,084 HKD
—
8.02%
—
6 months
2025-01-10
2
武汉光通共赢企业管理合伙企业
213,673,122 HKD
—
32.18%
—
6 months
2025-01-10
Directors & Management
Chairman
湯敬華
Company Secretary
劉藝涵;葉翠媚
No director data available.
Major Shareholders
Major Shareholders & Holdings
上海聲通融智技術集團有限公司(14.38%);湯敬華(9.87%);孫琪(5.08%)
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
The 3.51x oversubscription ratio indicates modest retail enthusiasm, leading to a high hit rate of 61.92%, which is well above typical Hong Kong IPO norms. The reallocation mechanism was triggered, though no clawback tier was specified, and the final offer price of HKD 152.1 likely saw limited tension. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A-tail applicants who applied for 30,000 lots received only 1 lot, identical to B-head applicants with 40,000 lots, making the marginal capital deployment highly inefficient for large A-tranche entries. This pattern suggests that applying just enough to qualify for the A-tranche or sticking to smaller lot sizes would have been more capital-efficient given broker fees. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
The demographic data shows zero recorded holders and no mainland or Hong Kong percentages, indicating that detailed investor breakdowns were not disclosed by the registrar for this IPO. This lack of transparency is often seen in smaller or less prominent listings, making it impossible to analyze participation trends. (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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