Hong Kong stock initial public offerings are finally seeing a breath of fresh air.
HuanChuang Technology was oversubscribed by more than 1,000 times—everyone’s enthusiasm is back!
This is also the second popular new stock after Mecamand Robotics to be oversubscribed by over 1,000 times.
However, overall conditions for Hong Kong IPO subscriptions are still in a slump.
Right now, only BenMo Technology and HuanChuang Technology still offer some room for a bet; the rest are basically low-quality “guaranteed probability” losers.
BenMo Technology has the lowest threshold—about HK$2,182 is enough to apply for 1 board lot.
It’s also an 18C “specialized technology” stock. It makes robotic power module components, so retail investors are charging in aggressively.
HuanChuang Technology mainly provides the “eyes” for robot vacuum cleaners, making products such as laser radar and line lasers.
With BYD as the cornerstone investor and having just turned profitable—already showing profits in Q1—these are advantages that most robot and AI IPOs can’t match.
After HuanChuang Technology is listed, its market cap is roughly HK$5.7 billion. It’s a small-cap stock that’s easy to be driven by sentiment.
For this kind of small-cap hot IPO, there’s relatively more room for a big jump on the first day—and it’s also more likely to attract capital attention.
Recent IPO subscription takeaways:
1、Only Youdi Robotics made money; ZhenNeng Technology only earned a bit of underwriting fee.
2、Oversubscription doesn’t equal profit: Mecamand was 3,800 times, and Maketai 400 times—after listing, the sell-off was painful.
3、Large-cap stocks have performed poorly: Xiaomi? (Note: “希音” and “江波龙” refer to specific companies—please verify names)—subscriptions were average, and post-listing performance was also weak.
4、Small-cap stocks in robotics and hardware themes have strong sentiment. Even though the StarRing Technology theme is still hot, it still broke below the issue price on day one.
5、Five stocks will list next week. Retail investors are most bullish on HuanChuang and BenMo; the A+H discount logic can be looked at for JingWang, RoboTech, and TongCheng.
But I’m already not very interested in A+H anymore. Big gains aren’t likely, and big drops also aren’t. It’s basically a small loss to buy a lesson.
Fourfang Jingchuang was originally scheduled to list on September 22, but it was delayed. I guess the market cooled down and they fled early.
I applied for 1 board lot of BenMo and 4 board lots of HuanChuang. Next, we’ll leave it to the market to verify my judgment.
HuanChuang Technology was oversubscribed by more than 1,000 times—everyone’s enthusiasm is back!
This is also the second popular new stock after Mecamand Robotics to be oversubscribed by over 1,000 times.
However, overall conditions for Hong Kong IPO subscriptions are still in a slump.
Right now, only BenMo Technology and HuanChuang Technology still offer some room for a bet; the rest are basically low-quality “guaranteed probability” losers.
BenMo Technology has the lowest threshold—about HK$2,182 is enough to apply for 1 board lot.
It’s also an 18C “specialized technology” stock. It makes robotic power module components, so retail investors are charging in aggressively.
HuanChuang Technology mainly provides the “eyes” for robot vacuum cleaners, making products such as laser radar and line lasers.
With BYD as the cornerstone investor and having just turned profitable—already showing profits in Q1—these are advantages that most robot and AI IPOs can’t match.
After HuanChuang Technology is listed, its market cap is roughly HK$5.7 billion. It’s a small-cap stock that’s easy to be driven by sentiment.
For this kind of small-cap hot IPO, there’s relatively more room for a big jump on the first day—and it’s also more likely to attract capital attention.
Recent IPO subscription takeaways:
1、Only Youdi Robotics made money; ZhenNeng Technology only earned a bit of underwriting fee.
2、Oversubscription doesn’t equal profit: Mecamand was 3,800 times, and Maketai 400 times—after listing, the sell-off was painful.
3、Large-cap stocks have performed poorly: Xiaomi? (Note: “希音” and “江波龙” refer to specific companies—please verify names)—subscriptions were average, and post-listing performance was also weak.
4、Small-cap stocks in robotics and hardware themes have strong sentiment. Even though the StarRing Technology theme is still hot, it still broke below the issue price on day one.
5、Five stocks will list next week. Retail investors are most bullish on HuanChuang and BenMo; the A+H discount logic can be looked at for JingWang, RoboTech, and TongCheng.
But I’m already not very interested in A+H anymore. Big gains aren’t likely, and big drops also aren’t. It’s basically a small loss to buy a lesson.
Fourfang Jingchuang was originally scheduled to list on September 22, but it was delayed. I guess the market cooled down and they fled early.
I applied for 1 board lot of BenMo and 4 board lots of HuanChuang. Next, we’ll leave it to the market to verify my judgment.
