---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42137499.md"
description: "$LINGYI ITECH(01688.HK), $SG MICRO(03661.HK), and $MERDEKAGOLD-DRS(06228.HK) — these several Hong Kong stock IPOs have not officially started trading yet; they are still in the pre-listing state. The first two are secondary listings from the A-share market: one makes precision components for the Apple supply chain + AI hardware, and the other makes analog chips. The remaining one is an Indonesian gold mine. Is applying for an IPO really worth participating in? I would differentiate between them — for secondary listings with an A-share pricing anchor and solid fundamentals, the first-day premium is usually more restrained. On the other hand, resource-based new stocks without a comparable anchor have greater pricing elasticity driven by sentiment, but also carry greater risks."
datetime: "2026-06-24T10:28:11.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42137499.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42137499.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42137499.md)
author: "[没有观点是观点](https://longbridge.com/en/profiles/27445273.md)"
generator: "portal-rs"
---

# $LINGYI ITECH(01688.HK), $SG MICRO(03661.HK), and …


### Related Stocks

- [01688.HK](https://longbridge.com/en/quote/01688.HK.md)
- [002600.CN](https://longbridge.com/en/quote/002600.CN.md)
- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [300661.CN](https://longbridge.com/en/quote/300661.CN.md)
- [03661.HK](https://longbridge.com/en/quote/03661.HK.md)
- [89988.HK](https://longbridge.com/en/quote/89988.HK.md)
- [BABA.US](https://longbridge.com/en/quote/BABA.US.md)
- [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md)
- [BABO.US](https://longbridge.com/en/quote/BABO.US.md)
- [BABX.US](https://longbridge.com/en/quote/BABX.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**