Last updated 18:29:26
HK$34.56
-2.10%
- Listing price
- HK$35.30
- Open
- HK$35.30
- High
- HK$35.32
- Low
- HK$33.12
- Bid / Ask
- HK$34.56 / HK$34.58
- Volume
- 1,470,500
Turnover 50,638,184View source
TRANSSION
02636A+HListed人工智能/機器人 · 公司提供手机及配件产品，产品销往中国大陆以外市场，并涉及智能手机操作系统和影像系统等应用场景。
TRANSSION (02636) 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$35.30 – 38.80
- Final offer price
- HK$35.30
- One-lot win rate
- 100.0%
- Proceeds
- HK$3.06B
- Public oversub.
- 4.5x
Predicted 98.0%
Lot / entry fee 100 shares · HK$4K · Sponsor CITIC Securities
- Offer starts Oct 7
- /Offer closes Oct 12
- /Grey market Oct 14
- /Listing Oct 15Now
SubscriptionTRANSSION: 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
- 51
- Forecast grey range
- -11.3% – +10.5%
Pre-greyTRANSSION: 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
- 48.1
- Forecast grey range
- -6.8% – +16.1%
Post-greyTRANSSION: 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
- 46.2
- Forecast first-day range
- -6.1% – +3.7%
Data updated · Oct 15, 2026, 19:00 HKT
View factors and research
Model forecastListing-day trendHigh cautionUp probability 30.5%
Published outcome check
First-day resultFlat-4.0%Normal
Our call: Trend call valid
Covered 24/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heatOffer size
Weaker qualityCornerstone lockup
Strong supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Poor trendRecent same-type trend
Poor trendRecent sector trend
Strong trendValuation
Weak appealFundamental quality
Average qualityGrowth quality
Weak qualityProfitability
High qualityCash runway
—Customer concentration
Lower riskCornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordCLSA
Strong recordA-share pre-grey trend
Positive trendA-share listing-day trend
Positive trendPublic oversubscription
Weak heatOne-lot win rate
Weak heatInternational placing
High heatFinal pricing position
Rich pricingActual greenshoe useCumulative use +42.6%
Weak 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.
TRANSSION: grey-market trend
TRANSSION: predicted allotment
Data updated · Oct 15, 2026, 18:57 HKT
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 98.0%
- A tail · Apply 1,000 lots
- 157.53 lots
- B head · Apply 2,000 lots
- 263.9 lots
- Top hammer
- 5,716.51 lots
Predicted
Official
100.0%
Predicted
Official
102 lots
Predicted
Official
500 lots
Predicted
Official
10,605 lots
Most likely allotment pattern：Pool A's allotment rate is roughly flat across application tiers；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 TRANSSION?
Public allotment filings put the official one-lot rate at 100.0%, versus this site's pre-allotment model estimate of 98.0%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for TRANSSION?
Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 2,000 lots, representing about HK$3.5M and HK$7.1M of application principal. Official average allotment was 102 lots and 500 lots, versus pre-allotment model estimates of 157.53 lots and 263.9 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of TRANSSION be treated as the listing price?
The compiled grey-market observation is about -1.8%, versus -4.0% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does TRANSSION 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.