卓越睿新 02687Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2025-12-03
Morning deadline
HKEX Deadline
2025-12-03
Noon deadline
Broker Results (T-2)
2025-12-04
Some brokers release in afternoon
Grey Market (T-1)
2025-12-05
Afternoon
HKEX Allotment (T-1)
2025-12-05
Evening
Registrar Allotment (T-1)
2025-12-05
Evening
Listing Day (T)
2025-12-08
First day of trading
Company Overview
Stock Name卓越睿新
Stock Code02687
Company Full Name卓越睿新
IndustryAI & Machine Learning
Principal Activitiescollective aspiration for higher education institutions to excel, cultivate talent and achieve educational parity and distinction
Listing Date2025-12-08
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)Headquarters and Principal Place of Rooms 901–904, Building 1 Business in the PRC No. 1188, Qinzhou North Road, Xuhui District Shanghai PRC Principal Place of Business in Room 1910, 19/F Hong Kong Lee
Business Address (Hong Kong)香港 銅鑼灣 希慎道33 號 利園一期 19樓1910室
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websiteable-elec.com
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 ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 67.50 / shares
Offer Price RangeFinal offer price only, no range
Lot Size100 shares
Entry ThresholdHK$ 6,750
Par ValueRMB 1.0 / shares
Offer Period2025-11-28 to 2025-12-03
Global Offering Shares6,666,700 shares
HK Public Offer Shares (Initial)666,700 shares (10.0%)
Public Offer Lots (Initial)6,667lots (3,333lots, 3,334lots)
International Placing Shares (Initial)6,000,000 shares (90.0%)
Offer Ratio~10.0%
Total Shares Post-IPO66,666,700 shares
Greenshoe (Over-allotment Option)No
Stabilizing Manager (Greenshoe)—
Cornerstone Share0%
Clawback Tiers机制B-无回补
Reallocation OptionNo
Total Global Offering SizeHK$ 450,002,250
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 100 HK$ 6,750
2 lots 200 HK$ 13,500
3 lots 300 HK$ 20,250
4 lots 400 HK$ 27,000
5 lots 500 HK$ 33,750
6 lots 600 HK$ 40,500
7 lots 700 HK$ 47,250
8 lots 800 HK$ 54,000
9 lots 900 HK$ 60,750
10 lots 1,000 HK$ 67,500
15 lots 1,500 HK$ 101,250
20 lots 2,000 HK$ 135,000
25 lots 2,500 HK$ 168,750
30 lots 3,000 HK$ 202,500
35 lots 3,500 HK$ 236,250
40 lots 4,000 HK$ 270,000
45 lots 4,500 HK$ 303,750
50 lots 5,000 HK$ 337,500
60 lots 6,000 HK$ 405,000
70 lots 7,000 HK$ 472,500
80 lots 8,000 HK$ 540,000
90 lots 9,000 HK$ 607,500
100 lots 10,000 HK$ 675,000
200 lots 20,000 HK$ 1,350,000
300 lots 30,000 HK$ 2,025,000
400 lots 40,000 HK$ 2,700,000
500 lots 50,000 HK$ 3,375,000
600 lots 60,000 HK$ 4,050,000
700 lots 70,000 HK$ 4,725,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
800 lots 80,000 HK$ 5,400,000
900 lots 90,000 HK$ 6,075,000
1,000 lots 100,000 HK$ 6,750,000
1,200 lots 120,000 HK$ 8,100,000
1,400 lots 140,000 HK$ 9,450,000
1,600 lots 160,000 HK$ 10,800,000
1,800 lots 180,000 HK$ 12,150,000
2,000 lots 200,000 HK$ 13,500,000
2,400 lots 240,000 HK$ 16,200,000
2,800 lots 280,000 HK$ 18,900,000
3,333 lots 333,300 HK$ 22,497,750
Valuation & Financials
Market Cap (at Offer Price)HK$ 4,500,002,250
Pre-IPO Valuation (Last Round)To be extracted
P/E Ratio不適用（公司處於虧損狀態）
Profit/Loss StatusNet loss (see financial statements)
Period-End Cash Balance人民币88,400,000元
Listing Expenses~HK$ 56,700,000
Listing Expenses / Funds Raised~12.3%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 126.4
First Day OpenHK$ 83.6
First Day Change87.26%
First Day Volume1510300.0
First Day Turnover143595000.0
Use of Proceeds
Use of Proceeds1、約36.7%或約148.4百萬港元預期將用于研發； 2、約31.8%或約128.7百萬港元預期將用于提升客戶服務及支持能力； 3、約21.5%或約86.9百萬港元預期將用于在選定城市設立知識圖譜構建中心； 4、約10.0%或約40.5百萬港元預期將用于營運資金及一般公司用途。
Underwriting Syndicate
Sole Sponsor (1)
农银国际融资有限公司 CE AWL249(sole)
Sponsor cum Overall Coordinator (1)
农银国际融资有限公司 CE AWL249(sole)
Overall Coordinators (1)
农银国际融资有限公司 CE AWL249(sole)
Joint Global Coordinators (1)
农银国际融资有限公司 CE AWL249(sole)
Joint Bookrunners (1)
农银国际融资有限公司 CE AWL249(sole)
Joint Lead Managers (3)
农银国际证券有限公司 CE ACX411 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 BMU940
Capital Market Intermediaries (4)
农银国际融资有限公司 CE AWL249 农银国际证券有限公司 CE ACX411 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 BMU940
Service Providers
RoleInstitution
Legal Advisor to Company 高伟绅律师行
竞天公诚律师事务所
金杜律师事务所
Legal Advisor to Sponsors/Underwriters 汉坤律师事务所有限法律责任合伙
通商律师事务所
Auditor and Reporting Accountant 罗兵咸永道会计师事务所
Industry Advisor 弗若斯特沙利文（北京）咨询有限公司上海分公司
Compliance Advisor 通商律师事务所
Receiving Banks 招商永隆银行有限公司
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
Chairman王暉
Company Secretary曹睿
執行董事 (3)
#NameEnglish NameType
1 王晖 — 執行董事
2 袭普照 — 執行董事
3 王欣 — 執行董事
非執行董事 (3)
#NameEnglish NameType
1 葛新 — 非執行董事
2 金省深 — 非執行董事
3 王颖 — 非執行董事
獨立非執行董事 (6)
#NameEnglish NameType
1 邱家赐 — 獨立非執行董事
2 刘宁荣 — 獨立非執行董事
3 马旭飞 — 獨立非執行董事
4 李泉生 — 獨立非執行董事
5 韩宇泽 — 獨立非執行董事
6 王健 — 獨立非執行董事
Major Shareholders
Major Shareholders & HoldingsCONTROLLING SHAREHOLDERS (e) where our Directors reasonably request the advice of independent professionals, such as financial advisors, the appointment of such independent professionals will be made at our Company’s expenses; and (f) we have appointed Silver Nile Global In
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 saw extraordinary enthusiasm with an oversubscription ratio of 4813.4x, reflecting intense market demand. The hit rate plummeted to just 4.93%, indicating fierce competition among retail investors. Pricing at HKD 67.5 per share suggests confidence, though no range details were provided. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The A-tail tier (60,000 applicants) anticipated only 0.1201 lots each, barely trailing the B-head tier (70,000 applicants) at 0.1402 lots—a marginal 0.02 lot difference. This near parity highlights tier selection inefficiency, as the jump to B-head required more capital without commensurate allocation reward. Broker fee structures may further erode any advantage, making lower-tier applications potentially more cost-effective. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland investors composed 65.1% of successful applicants, underscoring strong cross-border appetite for this education sector IPO. The gender split leaned male at 60.7%, with an average age of 43.4, typical for Hong Kong retail offerings. Regional data isn't available, but Guangdong province often leads mainland participation in such offerings. (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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