PONY-W
02026SecondaryListed汽車/智能出行 · 小马智行是一家专注于自动驾驶技术研发与运营的公司。
Cautious
44.5
/100
- Offer price
- HK$139.00
- Final offer price
- HK$139.00
- Lot / entry fee
- 100 shares · HK$14K
- Proceeds
- HK$6.71B
- Sponsor
- Goldman Sachs / Merrill Lynch (Asia Pacific) Limited / Deutsche Securities / Huatai Financial
- Est. margin oversub.
- 11.7x
- Public oversub.
- 15.9x
- One-lot win rate
- 55.0%
- First-day return
- -9.3%
Offer starts
Oct 28
Offer closes
Nov 3
Grey market
Nov 5
Listing
Nov 6
AI reference scoring and scenarios
After grey market
After grey market L1 heat score
44.5/ 100
Data coverage High
Target
Historical calibration
Listing-day trend
High cautionPartial basis
Up probability
40.0%
First-day reference range
-50.0% – -8.0%
Published outcome check
First-day resultDown-9.3%
Our call: Trend call valid
Covered 19/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heatOffer size
Weak qualityCornerstone lockup
Weak supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Strong trendRecent same-type trend
—Recent sector trend
Positive trendValuation
Weak appealFundamental quality
Weak qualityGrowth quality
Weak qualityProfitability
Weak qualityCash runway
High qualityCustomer concentration
—Cornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track record
—A-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
Weak heatOne-lot win rate
Weak 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
After grey marketThe analysis report for this IPO is being generated.