English
Back
Open Account
2026 IPO bonanza! Over 90% of new stocks rose on their debut!
牛牛新股君
joined discussion · Feb 13 09:16

IPO Pricing | Haizhi Technology Group goes public today with over 5,000 times subscription, priced at HKD 27.06 per share, earning HKD 11,388 per lot in the grey market

Futu News reported on February 13th $HAIZHI TECH GP (02706.HK)$ The allocation results were announced, with shares priced at HKD 27.06 each, issuing a total of 28,030,200 shares, 200 shares per lot, officially listed today
In the previous trading session, Haitz Technology Group's grey market closed up 210.42% at HKD 84 per share, with each lot consisting of 200 shares. Excluding handling fees, one lot yielded a profit of HKD 11,388.
During the public offering phase, Haitz Technology Group received 5,065.06 times subscription, with the final number of offered shares being 2.8032 million, accounting for approximately 10% of the total issued shares. A total of about 232,300 valid applications were received, with approximately 14,016 accepted applications. The percentage allocation for one-lot subscriptions was approximately 0.06% of the total applied shares.
Moreover, during the international placement phase, Haitz Technology Group was subscribed 8.39 times, with the final number of international placement shares amounting to 25.227 million shares, equivalent to 90% of the total issued shares. Futu Information has compiled the relevant data in the following table:
Futu News reported on February 13th $HAIZHI TECH GP (02706.HK)$ The allocation results were announced, with shares priced at HKD 27.06 each, issuing a total of 28,030,200 shares, 200 shares per lot, officially listed today On the previous trading day, Haizhi Technology Group closed up 210.42% in the grey market at HKD 84 per share, 200 shares per lot, excluding handling fees, earning HKD 11,388 per lot During the public offering phase, Haizhi Technology Group received 5,065.06 times subscription, with the final number of shares offered to the public being 2,803,200, accounting for approximately 10% of the total shares offered. A total of about 232,300 valid applications were received, with around 14,016 applications processed. The percentage of shares allocated for one-lot subscriptions relative to the total shares applied for was approximately 0.06% Additionally, during the international placement phase, Haizhi Technology Group received 8.39 times subscription, with the final number of shares in the international offering being 25,227,000, equivalent to 90% of the total shares offered. Futu News has compiled relevant data as shown in the table below Company Overview Haizhi Technology is a leading company in China's graph computing and graph database sector, specializing in developing Atlas graph solutions and industrial-level intelligent agents through graph-model fusion technology, providing industrial-grade artificial intelligence solutions. The Atlas Graph Solution is one of the core products during the performance record period, and the Atlas Graph Solution...
Futu News reported on February 13th $HAIZHI TECH GP (02706.HK)$ The allocation results were announced, with shares priced at HKD 27.06 each, issuing a total of 28,030,200 shares, 200 shares per lot, officially listed today On the previous trading day, Haizhi Technology Group closed up 210.42% in the grey market at HKD 84 per share, 200 shares per lot, excluding handling fees, earning HKD 11,388 per lot During the public offering phase, Haizhi Technology Group received 5,065.06 times subscription, with the final number of shares offered to the public being 2,803,200, accounting for approximately 10% of the total shares offered. A total of about 232,300 valid applications were received, with around 14,016 applications processed. The percentage of shares allocated for one-lot subscriptions relative to the total shares applied for was approximately 0.06% Additionally, during the international placement phase, Haizhi Technology Group received 8.39 times subscription, with the final number of shares in the international offering being 25,227,000, equivalent to 90% of the total shares offered. Futu News has compiled relevant data as shown in the table below Company Overview Haizhi Technology is a leading company in China's graph computing and graph database sector, specializing in developing Atlas graph solutions and industrial-level intelligent agents through graph-model fusion technology, providing industrial-grade artificial intelligence solutions. The Atlas Graph Solution is one of the core products during the performance record period, and the Atlas Graph Solution...
Company Overview
Ocean Intelligence Technology is a leading enterprise in China's graph computing and graph database sector, focusing on developing Atlas graph solutions and industry-level intelligent agents through graph-model fusion technology, while providing industrial artificial intelligence solutions. The Atlas graph solution is one of the core products during the company’s performance record period, built on its industry-leading graph computing and data analysis capabilities. It includes the DMC Data Intelligence Platform, the Atlas Knowledge Graph Platform, and the AtlasGraph Graph Database.
These solutions enable enterprises to efficiently integrate, process, and manage data from multiple sources, construct and analyze knowledge graphs, and perform complex relationship mining and visualization analysis. Atlas intelligent agents are developed based on the company's graph-model fusion technology, combining the reasoning capabilities of large language models with the accuracy and explainability of knowledge graphs, empowering businesses to achieve intelligent automation, scenario-based reasoning, and natural language interaction.
Financial Overview
Revenue increased by 20.0% from RMB 313.0 million in 2022 to RMB 375.6 million in 2023 and is projected to further grow by 34.0% to RMB 503.1 million in 2024. The company's gross margin rose from 30.91% in 2022 to 35.2% in 2023 and further increased to 36.3% in 2024. Total revenue grew by 17.6% from RMB 211.8 million for the nine months ended September 30, 2024, to RMB 249.1 million for the same period in 2025. The company's gross margin increased from 28.4% for the nine months ended September 30, 2024, to 39.7% for the same period in 2025.
Futu News reported on February 13th $HAIZHI TECH GP (02706.HK)$ The allocation results were announced, with shares priced at HKD 27.06 each, issuing a total of 28,030,200 shares, 200 shares per lot, officially listed today On the previous trading day, Haizhi Technology Group closed up 210.42% in the grey market at HKD 84 per share, 200 shares per lot, excluding handling fees, earning HKD 11,388 per lot During the public offering phase, Haizhi Technology Group received 5,065.06 times subscription, with the final number of shares offered to the public being 2,803,200, accounting for approximately 10% of the total shares offered. A total of about 232,300 valid applications were received, with around 14,016 applications processed. The percentage of shares allocated for one-lot subscriptions relative to the total shares applied for was approximately 0.06% Additionally, during the international placement phase, Haizhi Technology Group received 8.39 times subscription, with the final number of shares in the international offering being 25,227,000, equivalent to 90% of the total shares offered. Futu News has compiled relevant data as shown in the table below Company Overview Haizhi Technology is a leading company in China's graph computing and graph database sector, specializing in developing Atlas graph solutions and industrial-level intelligent agents through graph-model fusion technology, providing industrial-grade artificial intelligence solutions. The Atlas Graph Solution is one of the core products during the performance record period, and the Atlas Graph Solution...
Use of Proceeds
In terms of use of proceeds, Haitz Technology Group will receive net proceeds of approximately HKD 655 million from the global offering (at an issue price of HKD 27.06). According to the prospectus, Haitz Technology plans to allocate the proceeds from the global offering for the following purposes in the specified amounts:
Approximately 45.0% will be used for research and development to enhance graph-model fusion technology, around 20.0% will be allocated to optimize the Atlas intelligent agent, about 15.0% will be dedicated to deepening cooperation with clients, exploring new application scenarios, and expanding into the Hong Kong and Singapore markets, roughly 10.0% will be earmarked for strategic investments, mergers, and acquisitions, and approximately 10.0% will be utilized for working capital and general corporate purposes.
The golden season for subscribing to new stocks has arrived! Use Futu to subscribe to new stocks with 0 interest, 0 handling fees, and 0 cash subscription. Participate now for a chance to waive new stock subscription fees for one year!Come and experience it now >>
Futu News reported on February 13th $HAIZHI TECH GP (02706.HK)$ The allocation results were announced, with shares priced at HKD 27.06 each, issuing a total of 28,030,200 shares, 200 shares per lot, officially listed today On the previous trading day, Haizhi Technology Group closed up 210.42% in the grey market at HKD 84 per share, 200 shares per lot, excluding handling fees, earning HKD 11,388 per lot During the public offering phase, Haizhi Technology Group received 5,065.06 times subscription, with the final number of shares offered to the public being 2,803,200, accounting for approximately 10% of the total shares offered. A total of about 232,300 valid applications were received, with around 14,016 applications processed. The percentage of shares allocated for one-lot subscriptions relative to the total shares applied for was approximately 0.06% Additionally, during the international placement phase, Haizhi Technology Group received 8.39 times subscription, with the final number of shares in the international offering being 25,227,000, equivalent to 90% of the total shares offered. Futu News has compiled relevant data as shown in the table below Company Overview Haizhi Technology is a leading company in China's graph computing and graph database sector, specializing in developing Atlas graph solutions and industrial-level intelligent agents through graph-model fusion technology, providing industrial-grade artificial intelligence solutions. The Atlas Graph Solution is one of the core products during the performance record period, and the Atlas Graph Solution...
Editor/Joe
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
Thumbs Up
1
297K Views
Report
Comments
Write a Comment...
1