【New Stock IPO】Youlesai 2649 first-hand winning rate 0.04%, dark pool performance varies; Zhaowei 2692 first-hand winning rate 4%, dark pool profit per lot exceeds 1,000 yuan; Eston 2715 dips over 7%

Youle Shared (New Listing Number: 02649) , Zhaowei Electronics (New Listing Number: 02692) and Eston (New Listing Number: 02715) Listed on March 9th. The results show that the three new stocks were oversubscribed approximately 5,296 times, 1,536 times, and 19 times respectively in the Hong Kong public offering. The success rate for one lot was 0.04%, 4%, and 4.99%.

Youle Shared public offering received 162,571 applications, with 4,068 accepted. The stock was oversubscribed by 4,075 applicants (“top-up” applicants who applied for the maximum Hong Kong offering shares), and only 1,043 applicants received one lot.

Zhaowei Electronics received 180,292 applications, with 23,940 accepted. Only applications for 3,000 lots (300,000 shares) or more guaranteed one lot; 317 applicants were “top-up” applicants, each receiving 4 lots, with 50 receiving an additional lot.

Eston received 27,190 applications, with 6,799 accepted. Only applications for 25 lots (5,000 shares) or more guaranteed one lot; 2 applicants were “top-up” applicants, each receiving 1,313 lots.

The three stocks traded in the dark pool on Friday (6th). Zhaowei Electronics rose over 15%, Eston fell more than 7%, and Youle Shared showed mixed performance.

• Youle Shared: reached a high of HKD 30.86 during the session, 181% above the IPO price of HKD 11.0. A standard lot (500 shares) would have a paper profit of HKD 9,930. The closing performance was mixed: Bright Talent and CICC declined nearly 1%, while Futu surged 27%.
• Zhaowei Electronics: dark pool closed up about 16% to HKD 18, with a lot (100 shares) earning HKD 1,127 to HKD 1,282.
• Eston: dark pool closed down about 7% to nearly HKD 10, with a lot (200 shares) showing a paper loss of HKD 232 to HKD 292.

Youle Shared dark pool

Youle Shared plans to issue 20.336 million shares, with 10% in the public offering, raising approximately HKD 285 million. No cornerstone investors were involved in this IPO. The original offer price range was HKD 11 to HKD 14.

Zhaowei Electronics dark pool

Zhaowei Electronics plans to issue 26.7483 million H-shares, with 10% in the public offering, raising up to HKD 1.971 billion. The maximum initial offering price was HKD 73.68 per share.

Eston dark pool

Eston plans to issue 96.78 million H-shares, with 10% in the public offering, raising up to HKD 1.645 billion. The original IPO price range was HKD 15.36 to HKD 17.

For updates on new stocks, please visit 【New Stock IPOs】

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