<p>Mainland fishing equipment manufacturer RIDGE OUTDOOR (2720) is rumored to be priced at the IPO upper limit of HKD 12.25, but the subscription of 2,820 lots of &#34;top hammer fly&#34; could not secure even one lot. AI reasoning system chip supplier Aito (600) could secure one lot by subscribing to 50 lots of its Class A shares, with 52,458 lots of &#34;top hammer fly&#34; allocated 208 lots.</p>
<p>According to IFR, the lithium battery smart equipment supplier LEAD INTELLIGENT (470), which closed its subscription yesterday, priced at the upper limit of HKD 45.8 and fully exercised its over-allotment option.</p>
<h2>Montage Technology rumored to secure Class B shares</h2>
<p>Montage Technology (6809) performed well in the three major dark pools yesterday, closing up 39.8% to HKD 41.8, with a paper profit of HKD 4,251 to HKD 4,471 for one lot. However, it is rumored that only those who subscribed for its Class B shares (with a subscription amount exceeding HKD 5 million) could secure one lot. Montage Technology, which provides interconnect chips, performed the best in the Bright Pool, closing at HKD 151.6, up 41.8% from the offering price of HKD 106.89, with a paper profit of HKD 4,471 for one lot of 100 shares. Its A shares closed at RMB 163.54 (approximately HKD 184.19), down 2.7%.</p>
<h2>Han's CNC listed as a &#34;red bottom stock&#34;</h2>
<p>As for the three new stocks listed yesterday, Han's CNC (3200), which recorded an oversubscription of 445.4 times, performed the best, becoming a &#34;red bottom stock&#34; upon listing, closing at HKD 110, up 14.8%, with a paper profit of HKD 1,420 for one lot. All 18 new stocks listed this year have reported gains.</p>
<p>The printed circuit board (PCB) specialized production equipment solution provider Han's CNC closed at HKD 110, up 14.8%, with a paper profit of HKD 1,420 for one lot of 100 shares. DISTINCT HEALTH (2677), which was oversubscribed 2,729.7 times and could not secure even one lot of &#34;top hammer fly,&#34; closed at HKD 67.9, up 13.4%, with a paper profit of HKD 400 for one lot of 50 shares. Muyuan Foods (2714) opened flat but once &#34;dipped,&#34; closing at HKD 40.52, up 3.9%, with a profit of HKD 152 for one lot of 100 shares.</p>
<p>Additionally, Huqin Technology, which submitted its application for a Hong Kong listing last September, is rumored to be financing HKD 4.68 billion to HKD 6.24 billion, with the roadshow expected to start after the Lunar New Year holiday. Bloomberg cited Yod Chinsupakul, CEO of Line Man Wongnai, a Thai tech startup invested by the Government of Singapore Investment Corporation (GIC), stating that the company is considering listing in Hong Kong or the U.S. after postponing its local listing plan, with a final decision expected by the end of June</p>

02677

300450

301200

688008

02720

<p>RIDGE OUTDOOR (2720) priced at the upper limit of HKD 12.25 for its IPO, with 2,820 lots subscribed but failing to secure even one lot. Aito (600) subscribed for 50 lots and secured one lot. LEAD INTELLIGENT (470) priced at the upper limit of HKD 45.8 for its IPO, fully exercised the over-allotment option. Montage Technology (6809) closed up 39.8% to HKD 41.8, with a paper profit of HKD 4,251 to HKD 4,471 per lot. Han's CNC (3200) became a "red chip stock" upon listing, closing at HKD 110, up 14.8%. DISTINCT HEALTH (2677) was oversubscribed 2,729.7 times, closing at HKD 67.9, up 13.4%</p>

Stheadline

DISTINCT HEALTH

LEAD INTELLIGENT

Han's CNC

Montage Technology

RIDGE OUTDOOR

RIDGE OUTDOOR is reported to have a price ceiling of HKD 12.25, with Aito transmitting 50 lots per lot