HK IPOAI

LONGSYS

09976A+HOpen

半導體 · 公司主要从事半导体存储产品的研发、设计与销售,产品包括嵌入式存储产品和固态硬盘(SSD),应用于智能手机、计算机、服务器等下游设备。

LONGSYS (江波龍) (09976) 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$240.60
Final offer price
HK$240.60
One-lot win rate
27.5%

Predicted

Proceeds
HK$6.27B
Public oversub.

Lot / entry fee 50 shares · HK$12K · Sponsor CITIC Securities / Citigroup

  1. Offer starts Aug 31
  2. /Offer closes Sep 3Now
  3. /Grey market Sep 7
  4. /Listing Sep 8
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SubscriptionLONGSYS: 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
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Forecast grey range
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View factors and research
Model forecastGrey-market trendHigh cautionUp probability 38.4%
Covered 18/18 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Medium heat
Offer size
Weak quality
Cornerstone lockup
Weak support
Post-lockup offer value
Weak scarcity
Recent same-rule trend
Poor trend
Recent same-type trend
Poor trend
Recent sector trend
Strong trend
Valuation
Weak appeal
Fundamental quality
Weak quality
Growth quality
High quality
Profitability
High quality
Cash runway
Weak quality
Customer concentration
Higher risk
Cornerstone quality
Weak support
Sponsor record
Strong record
Greenshoe arrangementGreenshoe: yes · 15%
Average support
Stabilizer track recordCLSA
Strong record
A-share subscription-period trend
Positive trend

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

AI Research Report

Subscription

Sign in to view predicted one-lot hit rates, AI reference scores, grey-market and first-day performance values, and other core fields. Content is general information and education only, not investment advice.

Pre-greyLONGSYS: 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
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Forecast grey range
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Post-greyLONGSYS: 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
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Forecast first-day range
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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.

LONGSYS: grey-market trend

View all grey-market quotes
Grey-market quotes have not started. After the grey-market date, this page will compile publicly sourced price observations. Grey-market date Sep 7

LONGSYS: predicted allotment

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

1 lot
27.5%

Predicted

A tail · Apply 400 lots
2.87 lots

Predicted

B head · Apply 600 lots
7.04 lots

Predicted

Top hammer
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Predicted

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

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 27.5%; the company allotment announcement is final.

What is the difference between A-tail and B-head for LONGSYS?

Based on the prospectus's legal application tiers, A-tail is 400 lots and B-head is 600 lots, representing about HK$4.8M and HK$7.2M of application principal. The current model estimates average allotment at about 2.87 lots and 7.04 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.

Can the grey-market price of LONGSYS be treated as the listing price?

Grey-market trading is dated Sep 7. Before that session there is no print to cite. Even after quotes appear, they are not the official listing price.

Why does LONGSYS 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.