Core Viewpoint - MetaLight Inc. successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 242 million through its IPO, with a strong subscription demand for its shares [2][3]. Group 1: IPO Details - MetaLight offered 24.856 million shares, representing 16.11% of the total shares post-IPO, with a share price set at HKD 9.75, resulting in net proceeds of about HKD 160 million [2]. - The public offering was oversubscribed by 274.44 times, while the international offering saw a 2.49 times subscription [2]. Group 2: Shareholder Structure - The major shareholder, Dr. Sun Xi, holds a total of 21.15% of the shares, with voting rights delegated to him by Dr. Shao Lingshuang [3][4]. - Other notable investors include Didi and Alibaba, with Alibaba holding 8.77% of the shares [3][4]. Group 3: Company Overview - Founded in 2010, MetaLight is a leading provider of time-series data intelligent services in China's public transport sector, focusing on big data analysis and AI technology [4]. - Its flagship application, "Che Laile," is the largest real-time bus information platform in China, covering 274 cities and boasting approximately 298.4 million users by the end of 2024 [4]. Group 4: Market Performance - As of midday trading, MetaLight's share price was HKD 6.99, with a total market capitalization of approximately HKD 1.078 billion [5]. - The stock experienced a trading range with a high of HKD 8.31 and a low of HKD 6.98 since its listing [6].