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。
High attention
79.2
/100
- Offer price
- HK$7.10
- Final offer price
- HK$7.10
- Lot / entry fee
- 300 shares · HK$2K
- Proceeds
- HK$174.7M
- Sponsor
- Shenwan Hongyuan
- Est. margin oversub.
- 122.1x
- Public oversub.
- 146.3x
- One-lot win rate
- 0.8%
- First-day return
- +7.6%
Offer starts
Dec 18
Offer closes
Dec 23
Grey market
Dec 29
Listing
Dec 30
AI reference scoring and scenarios
After grey market
After grey market L1 heat score
79.2/ 100
Data coverage High
Target
Historical calibration
Listing-day trend
PositivePartial basis
Up probability
89.0%
First-day reference range
+8.5% – +62.5%
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
After grey marketThe analysis report for this IPO is being generated.