---
title: "Singulato RV's stock surged only on the third day after its IPO! Yibin Bank guarantees issuance — details on new share allocation."
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/26639325.md"
description: "One $YIBIN BANK(02596.HK), another $NEW GONOW RV(00805.HK), neither has anything outstanding. Bank stocks are nothing special to talk about, as long as they maintain the IPO price, that's good enough—neither a big rise nor a big fall. This RV stock seems a bit excessive. Without any clawback, it still dropped over 20% on the first day, which is quite rare. Usually, stocks without clawbacks have very concentrated holdings. But now, on the third day, it has rebounded 50%. How can you play against the market makers? This is clearly a stock that won’t let naive investors profit from IPO flipping..."
datetime: "2025-01-16T02:29:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/26639325.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/26639325.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/26639325.md)
author: "[atzdxxm](https://longbridge.com/zh-CN/profiles/15083494.md)"
---

> 支持的语言: [English](https://longbridge.com/en/topics/26639325.md) | [繁體中文](https://longbridge.com/zh-HK/topics/26639325.md)


# Singulato RV's stock surged only on the third day after its IPO! Yibin Bank guarantees issuance — details on new share allocation.

One is $YIBIN BANK(02596.HK), and the other is $NEW GONOW RV(00805.HK). Neither has much to offer. Bank stocks are nothing special—just maintaining the IPO price is enough, with no significant rise or fall. The RV stock seems a bit excessive, dropping over 20% on the first day without any clawback, which is quite rare. Usually, stocks without clawbacks have very concentrated holdings.

Now, on the third day, it rebounds by 50%. How can you play against the market makers? This is a classic stock that won’t let naive investors profit. If you don’t sell, the market makers won’t push the price up; only after you sell will they start moving. The entire market has only three Group B investors: one naive investor and two insiders. Unless the Group B naive investor sells, the stock won’t move—it might even drop at the opening. Only after the big positions are sold will it start moving on the third day. Naive investors can never outplay the market makers.

Yibin Bank (02596.HK) had a public offering oversubscription of 0.21x and an international placement oversubscription of 1.14x. It opened flat on its debut and closed with a slight gain of 0.77%. New Geely RV (00805.HK) opened 22.83% lower on its debut and closed at HKD 0.98, down 22.83%.

Let’s look at Yibin Bank’s (02596.HK) gray market performance:

Yibin Bank (02596.HK) opened flat at HKD 2.59 in the Phillip gray market, quickly dropped to a low of HKD 2.50, stabilized, then rebounded to around HKD 2.54 before closing at HKD 2.54, down 1.93% with a 3.47% amplitude.

Now, let’s examine Yibin Bank’s (02596.HK) placement details!

Yibin Bank (02596.HK) priced its IPO at the lower end of the range at HKD 2.59 (range: HKD 2.59–2.72), raising HKD 1.783 billion with a total market cap of HKD 11.884 billion. The H-share market cap is HKD 1.783 billion, representing 15.00% of the issued shares. Placement details: 2,352 subscribers, public offering oversubscribed 0.21x (no clawback as it didn’t exceed 15x), international placement oversubscribed 1.14x, 100.00% allotment rate for one lot (one lot guaranteed for one application), and zero Group B subscribers, including zero top-tier applications!

Yibin Bank’s (02596.HK) official Group B allotment list shows zero subscribers.

Now, let’s look at the international placement:

Yibin Bank (02596.HK) had 113 international placement subscribers, oversubscribed 1.14x.

Yibin Bank’s (02596.HK) international placement holdings are highly concentrated, with the top 25 holders owning 15.09% of the post-listing issued shares. The stabilizing agent is CCB International, with a greenshoe of HKD 57.0655 million.

Now, let’s examine New Geely RV’s (00805.HK) gray market performance:

New Geely RV (00805.HK) opened at a high of HKD 1.26 in the Phillip gray market, dropped to a low of HKD 0.92, stabilized, then rebounded to close at HKD 0.99, down 22.05% with a 26.77% amplitude.

Now, let’s examine New Geely RV’s (00805.HK) placement details!

New Geely RV (00805.HK) priced its IPO slightly above the lower end at HKD 1.27 (range: HKD 1.24–1.64), raising HKD 305 million with a total market cap of HKD 1.219 billion, representing 25.00% of the issued shares. Placement details: 2,336 subscribers, public offering oversubscribed 2.52x (13.20% clawback as it exceeded 15x), international placement oversubscribed 1.01x, 80.04% allotment rate for one lot (two lots required to guarantee one), three Group B subscribers (including one top-tier application), with a 60.00%–60.00% allotment rate!

New Geely RV’s (00805.HK) official Group B allotment list shows two subscribers (2.4 million shares) and one top-tier subscriber (7.2 million shares). Group B total allotment: 12 million shares, worth ~HKD 15.24 million.

Here’s the official Group B allotment list from public records:

2090\*\*2 2,400,000

3303\*\*19640\*02324\* 2,400,000

3101\*\*19710\*14623\* 7,200,000

The entire market has three Group B investors.

Now, let’s look at the international placement:

New Geely RV (00805.HK) had 120 international placement subscribers, oversubscribed 1.01x.

New Geely RV’s (00805.HK) international placement holdings are highly concentrated, with the top 25 holders owning 22.48% of the post-listing issued shares. The stabilizing agent is Huatai, but the greenshoe is inactive.

### 相关股票

- [YIBIN BANK (02596.HK)](https://longbridge.com/zh-CN/quote/02596.HK.md)
- [NEW GONOW RV (00805.HK)](https://longbridge.com/zh-CN/quote/00805.HK.md)