Huan Chuang Technology (06802), a component supplier for robotic vacuum cleaners, announced its IPO results today. The final offering price was set at HKD 58.85 per share. The Hong Kong public offering received approximately 157,000 applications, representing an oversubscription of about 3,545.91 times. Among the 57,000 applicants who applied for one lot (100 shares), only 1,143 were allocated shares, resulting in an allocation rate of 2%, with no guaranteed allocation for one lot. The company will be listed on the stock exchange at 9:00 a.m. today. The Hin Ping dark pool closed at HKD 169, representing an increase of 1.87 times compared to the offering price, yielding a paper profit of approximately HKD 11,000 per lot.

    The company stated that the 'top-tier application' involving 579,400 shares received 1,446 applications, with 893 applicants each receiving 100 shares, resulting in an allocation rate of 0.01%. The Hong Kong public offering maintained its share of 10% of the total offering size, while the international offering was oversubscribed by 4.53 times. The company raised approximately HKD 682 million through the IPO. Given the high concentration of equity among a small number of shareholders, even small trading volumes could lead to significant price fluctuations. (wh)