Last updated 18:35:03
HK$93.50
+20.33%
- Listing price
- HK$77.70
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
HUAQIN
03296A+HListed家電/消費電子 · 华勤技术是一家拥有超过20年经验的智能产品平台，提供涵盖移动终端、计算与数据中心、AIoT及创新业务的多元化智能产品，是全球领先的消费电子ODM公司。
HUAQIN (華勤技術) (03296) 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$77.70
- Final offer price
- HK$77.70
- One-lot win rate
- 12.0%
- Proceeds
- HK$4.55B
- Public oversub.
- 531.3x
Predicted 5.9%
Lot / entry fee 100 shares · HK$8K · Sponsor CICC / Merrill Lynch (Asia Pacific) Limited
- Offer starts Apr 15
- /Offer closes Apr 20
- /Grey market Apr 22
- /Listing Apr 23Now
SubscriptionHUAQIN: 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
- 62.1
- Forecast grey range
- -4.3% – +16.4%
Pre-greyHUAQIN: 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
- Neutral
- Reference score
- 66.7
- Forecast grey range
- -1.1% – +21.0%
Post-greyHUAQIN: 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
- Neutral
- Reference score
- 71.3
- Forecast first-day range
- +8.1% – +19.4%
View factors and research
Model forecastListing-day trendNeutral-positiveUp probability 84.9%
Published outcome check
First-day resultUp+13.3%
Our call: Trend call valid
Covered 24/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Weaker qualityCornerstone lockup
Strong supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Strong trendRecent same-type trend
Weak trendRecent sector trend
Poor trendValuation
Weak appealFundamental quality
Weak qualityGrowth quality
High qualityProfitability
Weaker qualityCash runway
High qualityCustomer concentration
High riskCornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordCICC
Strong recordA-share pre-grey trend
Neutral trendA-share listing-day trend
Neutral trendPublic oversubscription
High heatOne-lot win rate
Medium heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use 0.0%
Good supportGrey 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.
HUAQIN: grey-market trend
HUAQIN: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 5.9%
- A tail · Apply 600 lots
- 0.48 lots
- B head · Apply 700 lots
- 1.09 lots
- Top hammer
- 13.12 lots
Official 12.0%
Official 0.68 lots
Official 1.26 lots
Official 14 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 HUAQIN?
Public allotment filings put the official one-lot rate at 12.0%, versus this site's pre-allotment model estimate of 5.9%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for HUAQIN?
Based on the prospectus's legal application tiers, A-tail is 600 lots and B-head is 700 lots, representing about HK$4.7M and HK$5.4M of application principal. Official average allotment was 0.68 lots and 1.26 lots, versus pre-allotment model estimates of 0.48 lots and 1.09 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of HUAQIN be treated as the listing price?
The compiled grey-market observation is about +20.7%, versus +13.3% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does HUAQIN 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.