Last updated 18:35:03
HK$40.02
+2.62%
- Listing price
- HK$39.00
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
MUYUAN
02714A+HListed農業/食品 · 一家技术驱动的垂直一体化生猪养殖企业，涵盖育种、养殖、饲料、屠宰及肉制品生产。
MUYUAN (牧原股份) (02714) 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$39.00
- Final offer price
- HK$39.00
- One-lot win rate
- 100.0%
- Proceeds
- HK$10.68B
- Public oversub.
- 5.9x
Predicted 43.0%
Lot / entry fee 100 shares · HK$4K · Sponsor Morgan Stanley / CITIC Securities / Goldman Sachs
- Offer starts Jan 29
- /Offer closes Feb 3
- /Grey market Feb 5
- /Listing Feb 6Now
SubscriptionMUYUAN: 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
- 45.9
- Forecast grey range
- -30.0% – -3.5%
Pre-greyMUYUAN: 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
- 47.6
- Forecast grey range
- -28.2% – -2.1%
Post-greyMUYUAN: 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
- 49.3
- Forecast first-day range
- -3.8% – +7.4%
View factors and research
Model forecastListing-day trendHigh cautionUp probability 40.0%
Published outcome check
First-day resultFlat+3.9%
Our call: Trend call valid
Covered 21/25 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
Poor trendRecent sector trend
—Valuation
Weak appealFundamental quality
Weaker qualityGrowth quality
Average qualityProfitability
Weaker qualityCash runway
—Customer concentration
—Cornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordMorgan Stanley
Good recordA-share pre-grey trend
Poor trendA-share listing-day trend
Poor trendPublic oversubscription
Weak heatOne-lot win rate
Weak heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use +6.5%
Average supportGrey market return
Neutral 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.
MUYUAN: grey-market trend
MUYUAN: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 43.0%
- A tail · Apply 1,000 lots
- 119.59 lots
- B head · Apply 2,000 lots
- 216.09 lots
- Top hammer
- 14,349.67 lots
Official 100.0%
Official 279.33 lots
Official 300 lots
Official 13,227 lots
Most likely allotment pattern：Pool A is closer to allotment by application size；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 MUYUAN?
Public allotment filings put the official one-lot rate at 100.0%, versus this site's pre-allotment model estimate of 43.0%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for MUYUAN?
Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 2,000 lots, representing about HK$3.9M and HK$7.8M of application principal. Official average allotment was 279.33 lots and 300 lots, versus pre-allotment model estimates of 119.59 lots and 216.09 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of MUYUAN be treated as the listing price?
The compiled grey-market observation is about +3.9%, versus +3.9% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does MUYUAN 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.