中国国际金融香港证券有限公司 CE AEN894华泰金融控股(香港)有限公司 CE AOK809建银国际金融有限公司 CE AJO225中信里昂证券有限公司 CE AAB893
Joint Bookrunners (10)
中国国际金融香港证券有限公司 CE AEN894华泰金融控股(香港)有限公司 CE AOK809建银国际金融有限公司 CE AJO225中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940富途证券国际(香港)有限公司 CE AZT137百惠证券有限公司 CE BPQ161TradeGo Markets Limited CE BRO637老虎证券(香港)环球有限公司 CE BMU940迈时资本有限公司 CE BNO600
Joint Lead Managers (10)
中国国际金融香港证券有限公司 CE AEN894华泰金融控股(香港)有限公司 CE AOK809建银国际金融有限公司 CE AJO225中信里昂证券有限公司 CE AAB893招银国际融资有限公司 CE AVM940富途证券国际(香港)有限公司 CE AZT137百惠证券有限公司 CE BPQ161TradeGo Markets Limited CE BRO637老虎证券(香港)环球有限公司 CE BMU940迈时资本有限公司 CE BNO600
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
海泰(香港)有限公司
38,354,144 HKD
—
19.49%
—
6 months
2025-11-30
2
韬越实业有限公司
10,701,152 HKD
—
5.44%
—
6 months
2025-11-30
Directors & Management
Chairman
光耀
Company Secretary
李情,曾昭
No director data available.
Major Shareholders
Major Shareholders & Holdings
Little Blue Light Ltd(26.48%),天津歌斐諾辰企業管理合伙企業(有限合伙)(12.55%),西藏聚智創業投資有限公司及天津聚新科技發展合伙企業(有限合伙)(11.80%),北京雨澄管理咨詢中心(有限合伙)(11.64%),Convolution Ltd(7.30%)
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 手回集团 (02621) saw extraordinary demand, with an oversubscription ratio of 990x, forcing reallocation of shares from the international tranche to the HK public offering. The overall hit rate of 26.42% reflects intense competition for allocations despite the high subscription level. Final pricing at HK$8.08 met market expectations, underscoring strong sentiment. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A notable anomaly appears between the top of A-tier (甲尾) and the entry of B-tier (乙头): applying 600,000 lots in A-tail yields an expected 0.7006 lots, while the larger 700,000-lot B-head application expects only 0.4294 lots. This inefficiency suggests that marginal lots at the tier boundary are not rewarding, making the B-head relatively unattractive after broker costs. Investors should verify fee structures, as actual net benefits may differ. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland Chinese investors comprised 72.1% of the expanded holder base, highlighting dominant cross-border participation in this IPO. Male investors outnumbered females at 66.1% to 33.9%, with an average participant age of 42.1 years. The demographic skew points to strong interest from experienced mainland retail investors, often concentrated in Guangdong but regional 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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