Last updated 18:28:40
HK$26.00
+4.42%
- Listing price
- HK$24.90
- Open
- HK$25.00
- High
- HK$30.24
- Low
- HK$24.52
- Bid / Ask
- HK$26.00 / HK$26.02
- Volume
- 1,413,100
Turnover 35,929,308View source
ADASPACE
06935Listed資源/礦業 · 公司自行研制卫星，并对外提供卫星测控服务及基于卫星数据的卫星式解决方案，服务对象涉及城市应急管理、防灾监测等场景；相关三维实景测绘及地质类业务已终止，部分遥感数据改为向第三方采购。
ADASPACE (06935) 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$24.90 – 33.20
- Final offer price
- HK$24.90
- One-lot win rate
- 60.0%
- Proceeds
- HK$750.0M
- Public oversub.
- 3.4x
Predicted 53.5%
Lot / entry fee 100 shares · HK$3K · Sponsor Guotai Junan
- Offer starts Nov 5
- /Offer closes Nov 10
- /Grey market Nov 12
- /Listing Nov 13Now
SubscriptionADASPACE: 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
- 50.8
- Forecast grey range
- -13.0% – +60.2%
Pre-greyADASPACE: 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
- 47.1
- Forecast grey range
- -12.8% – +63.3%
Post-greyADASPACE: 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
- 58.1
- Forecast first-day range
- -7.5% – +25.5%
Data updated · Nov 14, 2026, 23:30 HKT
View factors and research
Model forecastListing-day trendCautiousUp probability 48.0%
Covered 18/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heatOffer size
Good qualityCornerstone lockup
—Post-lockup offer value
—Recent same-rule trend
Poor trendRecent same-type trend
Neutral trendRecent sector trend
Strong trendValuation
Weak appealFundamental quality
Average qualityGrowth quality
Average qualityProfitability
Weak qualityCash runway
—Customer concentration
High riskCornerstone quality
—Sponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordGuotai Junan
Strong recordA-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
Weak heatOne-lot win rate
Weak heatInternational placing
High heatFinal pricing position
Rich pricingActual 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.
ADASPACE: grey-market trend
ADASPACE: predicted allotment
Data updated · Nov 13, 2026, 14:20 HKT
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 53.5%
- A tail · Apply 1,000 lots
- 54.27 lots
- B head · Apply 2,000 lots
- 722.24 lots
- Top hammer
- 5,438.44 lots
Predicted
Official
60.0%
Predicted
Official
115 lots
Predicted
Official
1,040 lots
Predicted
Most likely allotment pattern：Larger Pool A applications get less extra allotment；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 ADASPACE?
Public allotment filings put the official one-lot rate at 60.0%, versus this site's pre-allotment model estimate of 53.5%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for ADASPACE?
Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 2,000 lots, representing about HK$2.5M and HK$5.0M of application principal. Official average allotment was 115 lots and 1,040 lots, versus pre-allotment model estimates of 54.27 lots and 722.24 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of ADASPACE be treated as the listing price?
The compiled grey-market observation is about +6.4%. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does ADASPACE 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.