Last updated 18:35:03
HK$8.80
+23.94%
- Listing price
- HK$7.10
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
USAS BUILDING
02671Listed地產物管/基建 · 美联钢结构建筑系统（上海）股份有限公司是一家在中国注册的股份有限公司，主要从事钢结构建筑系统的设计、制造和安装业务。
USAS BUILDING (美聯股份) (02671) 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$7.10
- Final offer price
- HK$7.10
- One-lot win rate
- 0.8%
- Proceeds
- HK$174.7M
- Public oversub.
- 146.3x
Predicted 7.9%
Lot / entry fee 300 shares · HK$2K · Sponsor Shenwan Hongyuan
- Offer starts Dec 18
- /Offer closes Dec 23
- /Grey market Dec 29
- /Listing Dec 30Now
SubscriptionUSAS BUILDING: 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
- Neutral
- Reference score
- 72.2
- Forecast grey range
- 0.0% – +106.9%
Pre-greyUSAS BUILDING: 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
- High attention
- Reference score
- 75.4
- Forecast grey range
- 0.0% – +107.2%
Post-greyUSAS BUILDING: 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
- High attention
- Reference score
- 79.2
- Forecast first-day range
- +7.9% – +56.8%
View factors and research
Model forecastListing-day trendPositiveUp probability 89.2%
Published outcome check
First-day resultUp+7.6%
Our call: Trend call valid
Covered 18/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
High qualityCornerstone lockup
Weak supportPost-lockup offer value
High scarcityRecent same-rule trend
Poor trendRecent same-type trend
Positive trendRecent sector trend
—Valuation
High appealFundamental quality
Weaker qualityGrowth quality
Weak qualityProfitability
Weaker qualityCash runway
—Customer concentration
—Cornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordShenwan Hongyuan
Average recordA-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
High heatOne-lot win rate
High heatInternational placing
Low heatFinal pricing position
—Actual greenshoe use
—Grey market return
Strong 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.
USAS BUILDING: grey-market trend
USAS BUILDING: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 7.9%
- A tail · Apply 2,300 lots
- 3.1 lots
- B head · Apply 2,800 lots
- 11.24 lots
- Top hammer
- 14.8 lots
Official 0.8%
Official 18.77 lots
Official 22.92 lots
Official 33.5 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 USAS BUILDING?
Public allotment filings put the official one-lot rate at 0.8%, versus this site's pre-allotment model estimate of 7.9%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for USAS BUILDING?
Based on the prospectus's legal application tiers, A-tail is 2,300 lots and B-head is 2,800 lots, representing about HK$4.9M and HK$6.0M of application principal. Official average allotment was 18.77 lots and 22.92 lots, versus pre-allotment model estimates of 3.1 lots and 11.24 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of USAS BUILDING be treated as the listing price?
The compiled grey-market observation is about +18.8%, versus +7.6% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does USAS BUILDING 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.