中国国际金融香港证券有限公司 CE AEN894招银国际融资有限公司 CE AVM940中银国际亚洲有限公司 CE AET863中国银河国际证券(香港)有限公司 CE AXM459工银国际证券有限公司 CE ARO299建银国际金融有限公司 CE AJO225
Joint Bookrunners (13)
中国国际金融香港证券有限公司 CE AEN894招银国际融资有限公司 CE AVM940中银国际亚洲有限公司 CE AET863中国银河国际证券(香港)有限公司 CE AXM459工银国际证券有限公司 CE ARO299建银国际金融有限公司 CE AJO225华富建业证券有限公司 CE AAC577SDHG International Securities Limited CE ADY241复星国际证券有限公司 CE AAF432Long Bridge HK Limited CE BPX066利弗莫尔证券有限公司 CE BJN764国金证券(香港)有限公司 CE AAI195华福国际证券有限公司 CE BQC241
Joint Lead Managers (13)
中国国际金融香港证券有限公司 CE AEN894招银国际融资有限公司 CE AVM940中银国际亚洲有限公司 CE AET863中国银河国际证券(香港)有限公司 CE AXM459工银国际证券有限公司 CE ARO299建银国际金融有限公司 CE AJO225华富建业证券有限公司 CE AAC577SDHG International Securities Limited CE ADY241复星国际证券有限公司 CE AAF432Long Bridge HK Limited CE BPX066利弗莫尔证券有限公司 CE BJN764国金证券(香港)有限公司 CE AAI195华福国际证券有限公司 CE BQC241
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
Timber Kangaroo Capital Limited
23,316,480 HKD
—
4.47%
—
6 months
2025-11-27
2
沈臻宇
77,721,600 HKD
—
14.90%
—
6 months
2025-11-27
3
昱龙国际资本有限公司
54,405,120 HKD
—
10.43%
—
6 months
2025-11-27
Directors & Management
Chairman
莊浩
Company Secretary
陸它山,譚詠子
No director data available.
Major Shareholders
Major Shareholders & Holdings
莊浩(15.4%),莊澍(7.6%)
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 IPO of 吉宏股份 (02603) saw a moderate oversubscription ratio of 49.39x, reflecting healthy but not frenzied retail demand. The overall hit rate of 64.45% indicates that a majority of applicants received allocations, which is relatively high compared to blockbuster deals. With a clawback to 回拨A档 and a final price of HK$7.68, sentiment was broadly positive without extreme speculation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A notable inefficiency appears at the A/B boundary: 甲尾 applicants (applying 800 lots) and 乙头 applicants (applying 1,000 lots) both received only 1 expected lot, offering no extra allocation for the larger commitment. This suggests the tier structure was poorly calibrated, making 乙头 applications less capital-efficient. Broker fee differences would further impact net outcomes, as higher-tier applications incur higher fees for no allocation gain. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Demographic data is missing from the provided dataset, with all holder percentages reported as zero. This could indicate that the registrar did not disclose a breakdown, or the data is incomplete. Without mainland or HK participation rates, it is difficult to assess the regional support for this IPO. (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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