Core Viewpoint -卓越睿新 (02687) has seen a significant increase in stock price, rising nearly 130% from its IPO price, indicating strong market interest and confidence in the company's growth potential in the digital education sector [1] Company Overview -卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008 and launched its brand "智慧树" in 2013 [1] -According to Frost & Sullivan,卓越睿新 ranks second in revenue in China's higher education digital teaching market with a market share of 4.0% as of 2024 [1] -The company holds the top position in the digital teaching content production market within China's higher education sector, with a market share of 7.3% [1] Market Performance -卓越睿新’s stock reached a high of 155 HKD, with a current trading price of 153.1 HKD and a total market capitalization exceeding 10 billion HKD [1] -The trading data from the first two days post-IPO reflects a classic "fund-driven" scenario, with the company setting a clear price target of 152.1 HKD, which has helped to align market expectations [1] -The consensus around the company's efforts to meet the requirements for inclusion in the Hong Kong Stock Connect has attracted trend-following and event-driven arbitrage funds, creating a positive feedback loop for the stock price [1]