Auntea Jenny recently announced its plan to issue 2.41134 million H-shares, with an offering price range of HK$95.57 to HK$113.12 per share. The price is only second to Mixue Bingcheng, significantly higher than other brands. Through this offering, Auntea Jenny is expected to raise HK$230 million to HK$273 million, with a total market value ranging from HK$10 billion to HK$11.8 billion. The subscription period for the IPO was from April 28 to May 2, with the results of the lottery announced on May 6. Dark market trading started on May 7, and the official listing is scheduled for May 8. The final margin subscription amount reached HK$92.1 billion, with an oversubscription of nearly 3,376 times, far exceeding the provisional amount of HK$27.28 million, making it the hottest new stock since the Hong Kong Securities and Futures Commission tightened IPO margin guidelines.

Analysis of the Hype

The recent IPO boom in Hong Kong, sparked by the success of Mixue Bingcheng, has successfully driven up interest in Auntea Jenny. Due to its unique brand effect and high market attention, Auntea Jenny's IPO attracted massive capital participation, which in turn boosted the broader Hong Kong tea beverage sector. However, despite the high subscription multiple, the IPO did not witness the same frenzy of investor demand seen in previous IPOs. This is partly due to the relatively small fundraising size and the higher pricing of the offering. Additionally, some brokers offered low-interest, high-leverage financing, which greatly fueled the subscription frenzy.

Lottery Results and Pre-market Performance

After the subscription closed last Friday noon, Auntea Jenny announced its lottery results a day earlier than usual, notifying investors on Tuesday. According to reports, some investors subscribed for 4,019 lots (120,570 shares), but were only allocated about 3 lots (90 shares). There were also retail investors sharing screenshots on brokerage discussion platforms, claiming to have subscribed for 900 lots (27,000 shares) but did not win any allocation, indicating that the probability of securing even one lot was quite low. Relevant data shows that Auntea Jenny’s dark market trading performed strongly, rising by more than 63%, with a share price of HK$184.5, and a total market value reaching HK$18.898 billion.

How to Buy Auntea Jenny on uSMART

After logging into the uSMART HK app, click on "Search" at the top right of the page, input the stock code to access the details page and view transaction details and historical trends. Then click the "Trade" button at the bottom right, select the "Buy/Sell" option, fill in the transaction conditions, and submit your order.

(Image source: uSMART HK)