Last updated 18:28:44
HK$37.80
+14.68%
- Listing price
- HK$32.96
- Open
- HK$32.88
- High
- HK$37.88
- Low
- HK$32.18
- Bid / Ask
- HK$37.78 / HK$37.82
- Volume
- 7,209,700
Turnover 249,597,268View source
LIGENT
09856Listed半導體 · 公司主营光通信业务，研发与生产光模块（光收发器）及光芯片，产品应用于数据中心与电信网络场景，客户主要包括云服务提供商以及电信和网络设备商与运营商。
LIGENT (09856) 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$32.96
- Final offer price
- HK$32.96
- One-lot win rate
- 4.0%
- Proceeds
- HK$5.67B
- Public oversub.
- 35.2x
Predicted 10.4%
Lot / entry fee 100 shares · HK$3K · Sponsor Citigroup / CITIC Securities
- Offer starts Sep 14
- /Offer closes Sep 17
- /Grey market Sep 21
- /Listing Sep 22Now
SubscriptionLIGENT: 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
- 59.5
- Forecast grey range
- -5.5% – +67.7%
Pre-greyLIGENT: 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
- 62
- Forecast grey range
- -5.0% – +67.0%
Post-greyLIGENT: 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
- 67.6
- Forecast first-day range
- -1.0% – +37.3%
Data updated · Sep 24, 2026, 19:23 HKT
View factors and research
Model forecastListing-day trendNeutral watchUp probability 48.2%
Published outcome check
First-day resultUp+11.3%Normal
Our call: Neutral watch
Covered 21/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Medium heatOffer size
Weak qualityCornerstone lockup
Strong supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Poor trendRecent same-type trend
Positive trendRecent sector trend
Strong trendValuation
Weak appealFundamental quality
Average qualityGrowth quality
High qualityProfitability
High qualityCash runway
—Customer concentration
High riskCornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordCLSA
Good recordA-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
Medium heatOne-lot win rate
Good 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.
LIGENT: grey-market trend
LIGENT: predicted allotment
Data updated · Sep 24, 2026, 19:22 HKT
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 10.4%
- A tail · Apply 1,000 lots
- 6.69 lots
- B head · Apply 2,000 lots
- 34.76 lots
- Top hammer
- 1,454.36 lots
Predicted
Official
4.0%
Predicted
Official
39.57 lots
Predicted
Official
44.39 lots
Predicted
Official
1,909 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；Pool B allotment is similar across tiersExtra watchView 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 LIGENT?
Public allotment filings put the official one-lot rate at 4.0%, versus this site's pre-allotment model estimate of 10.4%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for LIGENT?
Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 2,000 lots, representing about HK$3.3M and HK$6.6M of application principal. Official average allotment was 39.57 lots and 44.39 lots, versus pre-allotment model estimates of 6.69 lots and 34.76 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of LIGENT be treated as the listing price?
The compiled grey-market observation is about +11.8%, versus +11.3% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does LIGENT 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.