Last updated 18:35:04
HK$27.04
-4.11%
- Listing price
- HK$28.20
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
AXERA
00600Listed半導體 · 爱芯元智是提供边缘和终端AI推理系统级芯片的供应商。
AXERA (愛芯元智) (00600) is a listed Hong Kong IPO. This page brings together the offer price, entry fee, subscription timeline, grey-market context, allotment data and stage-based reference research in one place.
- Offer price
- HK$28.20
- Final offer price
- HK$28.20
- One-lot win rate
- 18.0%
- Proceeds
- HK$2.96B
- Public oversub.
- 104.8x
Predicted 14.3%
Lot / entry fee 100 shares · HK$3K · Sponsor CICC / Guotai Junan / BOCOM International (Asia) Limited
- Offer starts Jan 30
- /Offer closes Feb 5
- /Grey market Feb 9
- /Listing Feb 10Now
SubscriptionAXERA: subscription-stage reference
The subscription stage draws on the prospectus, sponsor record and early public filings. Allotment results and grey-market prints have not occurred yet.
Earlier stage- Reference rating
- Cautious
- Reference score
- 63.8
- Forecast grey range
- +1.8% – +77.7%
Pre-greyAXERA: pre-grey-market reference
The pre-grey stage includes published allotment and public oversubscription data. Grey-market prints are not yet reflected here.
Earlier stage- Reference rating
- Neutral
- Reference score
- 68.7
- Forecast grey range
- +0.2% – +75.4%
Post-greyAXERA: post-grey-market reference
The post-grey stage includes grey-market price and turnover observations. Listing-day results still follow official trading and company announcements.
Current- Reference rating
- Cautious
- Reference score
- 61.7
- Forecast first-day range
- -20.1% – +8.5%
View factors and research
Model forecastListing-day trendNeutral-negativeUp probability 40.8%
Published outcome check
First-day resultFlat0.0%
Our call: Trend call valid
Covered 19/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Weaker qualityCornerstone lockup
—Post-lockup offer value
—Recent same-rule trend
Strong trendRecent same-type trend
Positive trendRecent sector trend
Positive trendValuation
Weak appealFundamental quality
Weak qualityGrowth quality
High qualityProfitability
Weak qualityCash runway
Weak qualityCustomer concentration
High riskCornerstone quality
—Sponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordCICC
Strong recordA-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
High heatOne-lot win rate
Medium heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use +100.0%
Low supportGrey market return
Poor trendThe assessment and probability ranges are informational only and are not investment advice.
AI Research Report
Post-greyThe analysis report for this IPO is being generated.
AXERA: grey-market trend
AXERA: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 14.3%
- A tail · Apply 1,000 lots
- 3.29 lots
- B head · Apply 2,000 lots
- 17.07 lots
- Top hammer
- 180.64 lots
Official 18.0%
Official 5 lots
Official 23 lots
Official 208 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；Pool B allotment declines gradually with sizeView full allotment-odds research
How to read this page
These answers combine this IPO’s published figures with clearly labeled model estimates. They explain how to read the modules above and are not investment advice.
What is the one-lot allotment rate for AXERA?
Public allotment filings put the official one-lot rate at 18.0%, versus this site's pre-allotment model estimate of 14.3%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for AXERA?
Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 2,000 lots, representing about HK$2.8M and HK$5.6M of application principal. Official average allotment was 5 lots and 23 lots, versus pre-allotment model estimates of 3.29 lots and 17.07 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of AXERA be treated as the listing price?
The compiled grey-market observation is about -4.2%, versus 0.0% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does AXERA have three reference ratings?
The current status is "Listed", so start with the post-grey section. Subscription, pre-grey and post-grey each use only the public information available at that point, so the score can change. Labels are high attention / neutral / caution only — informational comparison, not a buy or subscribe call.