English
Back
Open Account
Junzheng Group announces IPO lottery results! Approximately 80% of new listings in 2026 rose on thei
牛牛新股君
joined discussion · Aug 7 07:31

IPO Pricing | Naron Technology debuts today, receiving over 2,500 times subscription, priced at HK$10.42 per share, yielding a profit of HK$628 per lot.

Futu News, August 7: $NASN TECH (02261.HK)$ announced its allotment results, pricing shares at HK$10.42 each, issuing a total of 57,594,500 shares, with each board lot comprising 100 shares, officially listing today.
On the previous trading day, Nason Technology's shares rose 60.27% in the grey market, closing at HK$16.70. With each board lot consisting of 100 shares and excluding transaction fees, one board lot generated a profit of HK$628.
During the public offering phase, Nason Technology received 2,513.54 times subscription demand. The final number of shares allocated to the public offering was 5.7595 million shares, representing approximately 10% of the total offering. A total of approximately 161,100 valid applications were received, with about 40,300 applications processed. The percentage of applicants who applied for one board lot and were allocated shares was approximately 8% of the total number of shares applied for.
Additionally, during the international placement phase, Nason Technology received 2.12 times subscription demand. The final number of shares allocated to the international offering was 51.835 million shares, equivalent to 90% of the total offering. Futu News compiled the relevant data in the table below:
Futu News, August 7: $NASN TECH (02261.HK)$ announced its allotment results, pricing shares at HK$10.42 each, issuing a total of 57,594,500 shares, with each board lot comprising 100 shares, officially listing today. On the previous trading day, Naron Technology's grey-market price closed up 60.27% at HK$16.70, with each board lot consisting of 100 shares, generating a HK$628 profit per lot excluding fees. During the public offering phase, Naron Technology received 2,513.54 times subscription. The final number of shares allocated to the public offering amounted to 5,759,500 shares, representing approximately 10% of the total offering. A total of approximately 161,100 valid applications were received, with about 40,300 applications processed. The approximate percentage of applicants who received one lot relative to the total number of shares applied for was 8%. Additionally, during the international placement phase, Naron Technology received 2.12 times subscription. The final number of shares allocated to international investors totaled 51,835,000 shares, equivalent to 90% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview Naron Technology develops intelligent driving motion control technologies and currently offers brake-by-wire solutions. The company focuses on providing mission-critical brake-by-wire solutions for intelligent driving. 'Intelligent driving' refers to the application of advanced sensing, computing, and control technologies to enable vehicles to support or automate driving functions, thereby enhancing safety, comfort, and efficiency. This field is characterized by stringent safety requirements and high technological barriers...
Futu News, August 7: $NASN TECH (02261.HK)$ announced its allotment results, pricing shares at HK$10.42 each, issuing a total of 57,594,500 shares, with each board lot comprising 100 shares, officially listing today. On the previous trading day, Naron Technology's grey-market price closed up 60.27% at HK$16.70, with each board lot consisting of 100 shares, generating a HK$628 profit per lot excluding fees. During the public offering phase, Naron Technology received 2,513.54 times subscription. The final number of shares allocated to the public offering amounted to 5,759,500 shares, representing approximately 10% of the total offering. A total of approximately 161,100 valid applications were received, with about 40,300 applications processed. The approximate percentage of applicants who received one lot relative to the total number of shares applied for was 8%. Additionally, during the international placement phase, Naron Technology received 2.12 times subscription. The final number of shares allocated to international investors totaled 51,835,000 shares, equivalent to 90% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview Naron Technology develops intelligent driving motion control technologies and currently offers brake-by-wire solutions. The company focuses on providing mission-critical brake-by-wire solutions for intelligent driving. 'Intelligent driving' refers to the application of advanced sensing, computing, and control technologies to enable vehicles to support or automate driving functions, thereby enhancing safety, comfort, and efficiency. This field is characterized by stringent safety requirements and high technological barriers...
Company Overview
Nason Technology develops intelligent driving motion control technologies and currently offers brake-by-wire solutions. The company focuses on providing mission-critical brake-by-wire solutions for intelligent driving. 'Intelligent driving' refers to the application of advanced sensing, computing, and control technologies that enable vehicles to assist or automate driving functions, thereby enhancing safety, comfort, and efficiency. This field is characterized by stringent safety requirements and high technical barriers, and the company’s solutions integrate fully in-house developed control algorithms, software, and hardware.
Source: Prospectus
Source: Prospectus
Nason Technology’s brake-by-wire solutions are centered on proprietary control algorithms and software-hardware architecture, encompassing a product portfolio that includes NBS, ESC, NBC, RBC, and EMB solutions. The company’s software algorithms support multiple capabilities, including driver braking intention recognition, intelligent driving mode switching, and dynamic stability control (DSC), enabling precise motion execution, intelligent system coordination, and robust safety redundancy.
Financial Overview
Nason Technology’s revenue increased from RMB 272.2 million in 2023 to RMB 390.7 million in 2024, and further rose to RMB 614.5 million in 2025, representing a compound annual growth rate (CAGR) of 50.2% from 2023 to 2025. Gross profit grew from RMB 3.1 million in 2023 to RMB 41.9 million in 2024, and further to RMB 83.6 million in 2025, reflecting a CAGR of 418.3% over the same period.
For the years ended March 31, 2023, 2024, and 2025, and for the three months ended March 31, 2025 and 2026, the company reported net losses of RMB 200.8 million, RMB 169.5 million, RMB 189.5 million, RMB 40.0 million, and RMB 54.9 million, respectively.
Source: Prospectus
Source: Prospectus
Use of Proceeds
Regarding the use of proceeds, Nason Technology’s global offering is expected to generate net proceeds of approximately HK$533 million (based on an issue price of HK$10.42 per share). According to the prospectus, the company intends to allocate the proceeds from the global offering as follows:
Approximately 50% will be used over the next five years to continuously increase investment in research and development to further enrich the company’s solution portfolio; approximately 30% will be allocated over the next three years to expand and upgrade manufacturing capacity to enhance delivery capability; approximately 10% will be dedicated over the next five years to improving customer service and raising the company’s international brand awareness; and the remaining 10% will be used for working capital and other general corporate purposes.
The golden season for subscribing to new IPOs is here! Subscribe to new listings with Futu—zero interest, zero fees, and cashless subscription. Join the campaign now for a chance to waive your IPO subscription fees for one year.Try it out now >>
Futu News, August 7: $NASN TECH (02261.HK)$ announced its allotment results, pricing shares at HK$10.42 each, issuing a total of 57,594,500 shares, with each board lot comprising 100 shares, officially listing today. On the previous trading day, Naron Technology's grey-market price closed up 60.27% at HK$16.70, with each board lot consisting of 100 shares, generating a HK$628 profit per lot excluding fees. During the public offering phase, Naron Technology received 2,513.54 times subscription. The final number of shares allocated to the public offering amounted to 5,759,500 shares, representing approximately 10% of the total offering. A total of approximately 161,100 valid applications were received, with about 40,300 applications processed. The approximate percentage of applicants who received one lot relative to the total number of shares applied for was 8%. Additionally, during the international placement phase, Naron Technology received 2.12 times subscription. The final number of shares allocated to international investors totaled 51,835,000 shares, equivalent to 90% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview Naron Technology develops intelligent driving motion control technologies and currently offers brake-by-wire solutions. The company focuses on providing mission-critical brake-by-wire solutions for intelligent driving. 'Intelligent driving' refers to the application of advanced sensing, computing, and control technologies to enable vehicles to support or automate driving functions, thereby enhancing safety, comfort, and efficiency. This field is characterized by stringent safety requirements and high technological barriers...
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
10
Respect
1
67K Views
Report
Comments
Write a Comment...
11
10