量化派 02685Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2025-11-24
Morning deadline
HKEX Deadline
2025-11-24
Noon deadline
Broker Results (T-2)
2025-11-25
Some brokers release in afternoon
Grey Market (T-1)
2025-11-26
Afternoon
HKEX Allotment (T-1)
2025-11-26
Evening
Registrar Allotment (T-1)
2025-11-26
Evening
Listing Day (T)
2025-11-27
First day of trading
Company Overview
Stock Name量化派
Stock Code02685
Company Full Name量化派
IndustryConsumer Discretionary
Principal Activities我們是一家中國線上市場營運商。我們的消費電商平台羊小咩自2020年11月起涵蓋各式零售商品，如第三方市場供應商提供的消費電子產品、食品及飲料、家電、化妝品、珠寶、服裝及個人日常護理用品，並透過線上購買將該等消費品與我們的羊小咩用戶進行匹配。我們亦自2022年4月經營汽車零售線上到線下(O2O)平台消費地圖，該平台目前主要與汽車零售商合作吸引線上流量，使其能夠在當地實體店線下購車；及在較小程度上，自2024年起，消費地圖亦可讓消費者在線上購車。
Listing Date2025-11-27
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)中國北京市海淀區中關村街19號7樓B711室
Business Address (Hong Kong)中國香港銅鑼灣勿地臣街1號時代廣場二座31樓
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitequantgroup.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 ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 9.80 / shares
Offer Price RangeFinal offer price only, no range
Lot SizeTo be extracted
Entry ThresholdTo be extracted
Par ValueRMB 0.0001 / shares
Offer Period2025-11-19 to 2025-11-24
Global Offering Shares13,347,500 shares
HK Public Offer Shares (Initial)1,335,000 shares (10.0%)
Public Offer Lots (Initial)To be extracted
International Placing Shares (Initial)12,012,500 shares (90.0%)
Offer Ratio~2.6%
Total Shares Post-IPO513,347,500 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)To be extracted
Cornerstone Share0%
Clawback Tiers机制B-无回补
Reallocation OptionNo
Total Global Offering SizeHK$ 130,805,500
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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 500 HK$ 4,900
1 lots 500 HK$ 4,900
2 lots 1,000 HK$ 9,800
2 lots 1,000 HK$ 9,800
3 lots 1,500 HK$ 14,700
3 lots 1,500 HK$ 14,700
4 lots 2,000 HK$ 19,600
4 lots 2,000 HK$ 19,600
5 lots 2,500 HK$ 24,500
5 lots 2,500 HK$ 24,500
6 lots 3,000 HK$ 29,400
6 lots 3,000 HK$ 29,400
7 lots 3,500 HK$ 34,300
7 lots 3,500 HK$ 34,300
8 lots 4,000 HK$ 39,200
8 lots 4,000 HK$ 39,200
9 lots 4,500 HK$ 44,100
9 lots 4,500 HK$ 44,100
10 lots 5,000 HK$ 49,000
10 lots 5,000 HK$ 49,000
12 lots 6,000 HK$ 58,800
12 lots 6,000 HK$ 58,800
14 lots 7,000 HK$ 68,600
14 lots 7,000 HK$ 68,600
16 lots 8,000 HK$ 78,400
16 lots 8,000 HK$ 78,400
18 lots 9,000 HK$ 88,200
18 lots 9,000 HK$ 88,200
20 lots 10,000 HK$ 98,000
20 lots 10,000 HK$ 98,000
30 lots 15,000 HK$ 147,000
30 lots 15,000 HK$ 147,000
40 lots 20,000 HK$ 196,000
40 lots 20,000 HK$ 196,000
50 lots 25,000 HK$ 245,000
50 lots 25,000 HK$ 245,000
60 lots 30,000 HK$ 294,000
60 lots 30,000 HK$ 294,000
70 lots 35,000 HK$ 343,000
70 lots 35,000 HK$ 343,000
80 lots 40,000 HK$ 392,000
80 lots 40,000 HK$ 392,000
90 lots 45,000 HK$ 441,000
90 lots 45,000 HK$ 441,000
100 lots 50,000 HK$ 490,000
100 lots 50,000 HK$ 490,000
120 lots 60,000 HK$ 588,000
120 lots 60,000 HK$ 588,000
140 lots 70,000 HK$ 686,000
140 lots 70,000 HK$ 686,000
160 lots 80,000 HK$ 784,000
160 lots 80,000 HK$ 784,000
180 lots 90,000 HK$ 882,000
180 lots 90,000 HK$ 882,000
200 lots 100,000 HK$ 980,000
200 lots 100,000 HK$ 980,000
240 lots 120,000 HK$ 1,176,000
240 lots 120,000 HK$ 1,176,000
280 lots 140,000 HK$ 1,372,000
280 lots 140,000 HK$ 1,372,000
320 lots 160,000 HK$ 1,568,000
320 lots 160,000 HK$ 1,568,000
360 lots 180,000 HK$ 1,764,000
360 lots 180,000 HK$ 1,764,000
400 lots 200,000 HK$ 1,960,000
400 lots 200,000 HK$ 1,960,000
500 lots 250,000 HK$ 2,450,000
500 lots 250,000 HK$ 2,450,000
600 lots 300,000 HK$ 2,940,000
600 lots 300,000 HK$ 2,940,000
700 lots 350,000 HK$ 3,430,000
700 lots 350,000 HK$ 3,430,000
800 lots 400,000 HK$ 3,920,000
800 lots 400,000 HK$ 3,920,000
1,000 lots 500,000 HK$ 4,900,000
1,000 lots 500,000 HK$ 4,900,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1,200 lots 600,000 HK$ 5,880,000
1,200 lots 600,000 HK$ 5,880,000
1,335 lots 667,500 HK$ 6,541,500
1,335 lots 667,500 HK$ 6,541,500
Valuation & Financials
Market Cap (at Offer Price)HK$ 5,030,805,500
Pre-IPO Valuation (Last Round)To be extracted
P/E Ratio不適用（公司處於虧損狀態）
Profit/Loss Status截至2024年12月31日止年度溢利約人民幣147.1百萬元
Period-End Cash Balance人民币114,100,000元
Listing Expenses~HK$ 118,400,000
Listing Expenses / Funds Raised~90.52%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 18.5
First Day OpenHK$ 26.0
First Day Change88.78%
First Day Volume4893100.0
First Day Turnover126724000.0
Use of Proceeds
Use of Proceeds1、約55%或3.2百萬港元將獲分配用于提高研發能力及改善撮合服務的技術基礎設施； 2、約45%或2.6百萬港元將獲分配用于推廣業務模式。
Underwriting Syndicate
Joint Sponsors (2)
中国国际金融香港证券有限公司 CE AEN894 中信证券（香港）有限公司 CE AAK249
Overall Coordinators (2)
中国国际金融香港证券有限公司 CE AEN894 中信里昂证券有限公司 CE AAB893
Joint Global Coordinators (3)
中国国际金融香港证券有限公司 CE AEN894 中信里昂证券有限公司 CE AAB893 复星国际证券有限公司 CE AAF432
Joint Bookrunners (5)
中国国际金融香港证券有限公司 CE AEN894 中信里昂证券有限公司 CE AAB893 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 AZT137 老虎证券（香港）环球有限公司 CE BMU940
Joint Lead Managers (4)
中国国际金融香港证券有限公司 CE AEN894 中信里昂证券有限公司 CE AAB893 复星国际证券有限公司 CE AAF432 老虎证券（香港）环球有限公司 CE BMU940
Capital Market Intermediaries (5)
中国国际金融香港证券有限公司 CE AEN894 中信里昂证券有限公司 CE AAB893 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 AZT137 老虎证券（香港）环球有限公司 CE BMU940
Service Providers
RoleInstitution
Legal Advisor to Company 嘉源律师事务所
国枫律师事务所
衡力斯律师事务所
Legal Advisor to Sponsors/Underwriters 通商律师事务所
Auditor and Reporting Accountant 毕马威会计师事务所
Industry Advisor 弗若斯特沙利文（北京）咨询有限公司上海分公司
Compliance Advisor 浤博资本有限公司 CE BPB716
Receiving Banks 中信银行（国际）有限公司
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
Chairman周灝
Company Secretary于善玲
No director data available.
Major Shareholders
Major Shareholders & Holdings緊隨全球發售完成後（假設超額配股權未獲行使），Mars Legend持有約30.72%，陽光人壽保險持有約15.03%，Jupiter Rock持有約6.99%，East Asia Star持有約9.68%。
AI AI 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 量化派 (02685) attracted extraordinary demand with an oversubscription ratio of 9,366 times, signaling intense retail enthusiasm. The overall hit rate was just 1.68%, far below typical hot IPOs, reflecting extreme allocation scarcity. The offer price was fixed at HK$9.80, with no range to benchmark. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier inefficiency is observed: 甲尾 (last A-tier) applicants applying 500,000 shares received an expected allocation of only 0.0507 lots, while 乙头 (first B-tier) applicants with 600,000 shares secured 0.1077 lots—more than double the allocation. This suggests that marginal applications at the top of the A-pool were poorly rewarded compared to a minimum B-pool entry. Broker fee structures vary, so actual cost efficiency may differ. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic data for this IPO is unavailable, with total holders, Mainland China participation, and regional distribution all reported as zero. This absence of data prevents any meaningful analysis of investor demographics or regional concentration patterns. It may indicate incomplete reporting or a lack of granular breakdown. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
Offering Structure
Subscription Tiers
IPO Timeline
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