HK IPOAI

BENQ HOLDING

02581Listed

家電/消費電子 · 明基医院集团股份有限公司是一家在开曼群岛注册的控股公司,通过其子公司在中国运营医院业务。

BENQ HOLDING (02581) 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$9.34
Final offer price
HK$9.34
One-lot win rate
50.0%

Predicted 18.4%

Proceeds
HK$625.8M
Public oversub.
6.3x

Lot / entry fee 500 shares · HK$5K · Sponsor CICC / Citigroup

  1. Offer starts Dec 12
  2. /Offer closes Dec 17
  3. /Grey market Dec 19
  4. /Listing Dec 22Now

SubscriptionBENQ HOLDING: 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
61.7
Forecast grey range
-6.4% – +70.9%

Pre-greyBENQ HOLDING: 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
Cautious
Reference score
57.6
Forecast grey range
-6.8% – +70.6%

Post-greyBENQ HOLDING: 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
43.8
Forecast first-day range
-63.2% – -19.2%

Data updated · Sep 22, 2026, 12:02 HKT

View factors and research
Model forecastListing-day trendHigh cautionUp probability 40.0%
Published outcome check
First-day resultBig down-49.5%
Our call: Trend call valid
Covered 18/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heat
Offer size
Good quality
Cornerstone lockup
Strong support
Post-lockup offer value
Good scarcity
Recent same-rule trend
Poor trend
Recent same-type trend
Strong trend
Recent sector trend
—
Valuation
Average appeal
Fundamental quality
Average quality
Growth quality
Weak quality
Profitability
Good quality
Cash runway
—
Customer concentration
Low risk
Cornerstone quality
Strong support
Sponsor record
Strong record
Greenshoe arrangementNo greenshoe
Stabilizer track record
—
A-share pre-grey trend
—
A-share listing-day trend
—
Public oversubscription
Weak heat
One-lot win rate
Weak heat
International placing
Low heat
Final pricing position
—
Actual greenshoe use
—
Grey market return
Poor trend

The assessment and probability ranges are informational only and are not investment advice.

AI Research Report

Post-grey
The analysis report for this IPO is being generated.

Last updated 18:35:04

HK$7.10
-23.98%
9.618.226.83HK$9.3416:1518:35
Listing price
HK$9.34
Open
—
High
—
Low
—
Bid / Ask
— / —
Volume
—
Turnover —View source

BENQ HOLDING: predicted allotment

Data updated · Sep 22, 2026, 14:40 HKT

Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.

1 lot
18.4%

Predicted

Official
50.0%
A tail · Apply 1,000 lots
12.83 lots

Predicted

Official
218 lots
B head · Apply 1,200 lots
122.33 lots

Predicted

Top hammer
674.47 lots

Predicted

Official
1,446 lots
Most likely allotment pattern:Larger Pool A applications get less extra allotment;Pool B allotment is similar across tiersView 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 BENQ HOLDING?

Public allotment filings put the official one-lot rate at 50.0%, versus this site's pre-allotment model estimate of 18.4%. It is an observation for a 1-lot application, not a guaranteed result.

What is the difference between A-tail and B-head for BENQ HOLDING?

Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 1,200 lots, representing about HK$4.7M and HK$5.6M of application principal. The current model estimates average allotment at about 12.83 lots and 122.33 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.

Can the grey-market price of BENQ HOLDING be treated as the listing price?

The compiled grey-market observation is about -24.7%, versus -49.5% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.

Why does BENQ HOLDING 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.