HK IPOAI

LIGENT

09856Open

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 (納真科技) (09856) is a open 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
36.0%

Predicted

Proceeds
HK$5.67B
Public oversub.

Lot / entry fee 100 shares · HK$3K · Sponsor Citigroup / CITIC Securities

  1. Offer starts Sep 14
  2. /Offer closes Sep 17Now
  3. /Grey market Sep 21
  4. /Listing Sep 22
Unlock A-tail, B-head and deeper allotment scenarios
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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.

Current
Reference rating
Cautious
Reference score
56.5
Forecast grey range
-12.8% – +52.1%
View factors and research
Model forecastGrey-market trendCautiousUp probability 48.0%
Covered 16/18 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heat
Offer size
Weak quality
Cornerstone lockup
Strong support
Post-lockup offer value
Weak scarcity
Recent same-rule trend
Poor trend
Recent same-type trend
Positive trend
Recent sector trend
Strong trend
Valuation
Weak appeal
Fundamental quality
Average quality
Growth quality
High quality
Profitability
High quality
Cash runway
Customer concentration
High risk
Cornerstone quality
Strong support
Sponsor record
Strong record
Greenshoe arrangementGreenshoe: yes
Average support
Stabilizer track recordCLSA
Good record
A-share subscription-period trend

The assessment and probability ranges are informational only and are not investment advice.

AI Research Report

Subscription
The analysis report for this IPO is being generated.

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.

Pending
Reference rating
Cautious
Reference score
56.5
Forecast grey range
-12.8% – +52.1%

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.

Pending
Reference rating
Cautious
Reference score
56.5
Forecast first-day range
-12.8% – +52.1%

This IPO has not listed yet. The current score is a stage-based estimate, may still be incomplete or inaccurate, and will adjust as allocation, grey-market, and listing data become available.

Grey-market quotes have not started. After the grey-market date, this page will compile publicly sourced price observations. Grey-market date Sep 21

LIGENT: predicted allotment

Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.

1 lot
36.0%

Predicted

A tail · Apply 1,000 lots
Pro unlock

Predicted

B head · Apply 2,000 lots
Pro unlock

Predicted

Top hammer
Pro unlock

Predicted

Most likely allotment patternLarger Pool A applications get less extra allotmentPool 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?

The IPO is still in its offer period, so there is no official one-lot rate yet. This site's current model estimate is about 36.0%; the company allotment announcement is final.

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. 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?

Grey-market trading is dated Sep 21. Before that session there is no print to cite. Even after quotes appear, they are not the official listing price.

Why does LIGENT have three reference ratings?

The current status is "Open", so start with the subscription 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.