Last updated 18:28:48
HK$48.38
-1.27%
- Listing price
- HK$49.00
- Open
- HK$49.10
- High
- HK$58.00
- Low
- HK$46.68
- Bid / Ask
- HK$48.30 / HK$48.38
- Volume
- 852,400
Turnover 43,203,730View source
TRANSWARP
0672718CListed人工智能/機器人 · 公司提供AI基础设施软件，产品包括基础平台TDH及TDC、分布式数据库ArgoDB及KunDB、数据开发治理工具TDS、大模型及机器学习运营平台Sophon LLMOps和知识平台TKH，覆盖数据集成、存储、治理到建模、分析、挖掘与流通的全生命周期，支持客户从AI基础设施部署到AI与大数据应用开发落地。
TRANSWARP (06727) 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$49.00 – 61.00
- Final offer price
- HK$49.00
- One-lot win rate
- 10.0%
- Proceeds
- HK$686.5M
- Public oversub.
- 73.9x
Predicted 22.0%
Lot / entry fee 100 shares · HK$5K · Sponsor Haitong International
- Offer starts Sep 11
- /Offer closes Sep 16
- /Grey market Sep 18
- /Listing Sep 21Now
SubscriptionTRANSWARP: 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
- 65.7
- Forecast grey range
- 0.0% – +121.4%
Pre-greyTRANSWARP: 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
- 65
- Forecast grey range
- 0.0% – +117.0%
Post-greyTRANSWARP: 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
- 55.9
- Forecast first-day range
- -27.4% – +7.0%
Data updated · Sep 22, 2026, 12:02 HKT
View factors and research
Model forecastListing-day trendCautiousUp probability 36.6%
Published outcome check
First-day resultFlat-2.0%Normal
Our call: Trend call valid
Covered 20/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Good qualityCornerstone lockup
Low supportPost-lockup offer value
Medium scarcityRecent same-rule trend
Poor trendRecent same-type trend
Positive trendRecent sector trend
Strong trendValuation
Average appealFundamental quality
Average qualityGrowth quality
Average qualityProfitability
Weak qualityCash runway
High qualityCustomer concentration
Lower riskCornerstone quality
—Sponsor record
Strong recordGreenshoe arrangementNo greenshoe
Stabilizer track record
—A-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
High heatOne-lot win rate
Medium heatInternational placing
Low heatFinal pricing position
Rich pricingActual greenshoe use
—Grey 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.
TRANSWARP: grey-market trend
TRANSWARP: predicted allotment
Data updated · Sep 22, 2026, 14:40 HKT
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 22.0%
- A tail · Apply 800 lots
- 6.56 lots
- B head · Apply 900 lots
- 43.16 lots
- Top hammer
- 82.71 lots
Predicted
Official
10.0%
Predicted
Official
25 lots
Predicted
Official
69.44 lots
Predicted
Official
261 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；Pool B allotment falls more sharply 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 TRANSWARP?
Public allotment filings put the official one-lot rate at 10.0%, versus this site's pre-allotment model estimate of 22.0%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for TRANSWARP?
Based on the prospectus's legal application tiers, A-tail is 800 lots and B-head is 900 lots, representing about HK$3.9M and HK$4.4M of application principal. Official average allotment was 25 lots and 69.44 lots, versus pre-allotment model estimates of 6.56 lots and 43.16 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of TRANSWARP be treated as the listing price?
The compiled grey-market observation is about -1.3%, versus -2.0% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does TRANSWARP 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.