$MINIEYE(02431.HK) has a new IPO, with Mao Ge Ping's jewelry as a precedent. Will this stock surge? Here are some summarized viewpoints:
First, this time the cornerstone investors are almost fully subscribed, accounting for 74%, with Kang Cheng Heng International Investment Co., Ltd. holding 72.5%, and Horizon Together Holding Ltd. symbolically investing a bit, accounting for 1.6%.
Second, this time it is sponsored by CITIC, and historically, sponsored IPOs have rarely broken. If CITIC locks in the cornerstone investors without reallocating to the public, then the higher the subscription multiple, the better. At most, only 26% of the shares will be allocated back to the public, amounting to nearly 200 million worth of shares.