投资者对于香港IPO的热情持续，继月初金叶国际（8549.HK）获1万倍超额认购，成为创业板「超购 王」后，主板的气氛亦相当炽热。10月28日，滴普科技，股票代码1384.HK，正式登陆香港交易所主 板，每股定价为26.66港元，成为港股「企业级大模型AI应用第一股」。 据香港百惠金控信息显示，滴普科技（1384.HK）成为新晋 "企业级大模型 AI 应用第一股" 。其公开发 售环节表现尤为亮眼 —— 超额认购倍数高达 7569.83 倍，国际配售亦获 16.61 倍超额认购，一举刷新香 港 IPO 市场历史超购纪录，成为 2025 年 AI 领域新股中当之无愧的 "超购王"。 滴普科技（1384.HK）的表现不仅止于此。百惠金控指出，其暗盘交易期间股价表现同样惊艳：盘中一 度飙升近 100%，最终收报 51.90 港元，较 26.66 港元的发行价大幅上涨 94.67%。这一涨幅不仅为早期 参与打新的散户投资者带来丰厚回报，更再次印证了港股打新市场的巨大潜力。对于希望在波动市场中 寻求稳健收益的投资者而言，精准筛选优质新股参与申购，待上市首日高开后适时套现，不失为一条高 效的获利路径。 展望未来，随着更多优 ...

百惠金控分析，近年不少内地行业龙头选择「A+H」股的上市模式，例如蜜雪冰城（2907.HK）、宁德 时代（3750.HK）和赤峰黄金（6693.HK）等等。这些龙头企业的加入，进一步增强了港股市场对全球 资本的吸引力。业内专业人士分析认为，国际资金持续流入港股、市场估值与流动性显著改善、以及 A 股与 H 股股价价差不断收窄，是推动内地上市公司纷纷赴港上市的三大核心因素。 投资者对于香港IPO的热情持续，继月初金叶国际（8549.HK）获1万倍超额认购，成为创业板「超购 王」后，主板的气氛亦相当炽热。10月28日，滴普科技，股票代码1384.HK，正式登陆香港交易所主 板，每股定价为26.66港元，成为港股「企业级大模型AI应用第一股」。 据香港百惠金控信息显示，滴普科技（1384.HK）成为新晋 "企业级大模型 AI 应用第一股" 。其公开发 售环节表现尤为亮眼 —— 超额认购倍数高达 7569.83 倍，国际配售亦获 16.61 倍超额认购，一举刷新香 港 IPO 市场历史超购纪录，成为 2025 年 AI 领域新股中当之无愧的 "超购王"。 滴普科技（1384.HK）的表现不仅止于此。百惠金控指出，其暗 ...

Core Viewpoint - The performance of SANY Heavy Industry (06031.HK) during its IPO was disappointing compared to other newly listed stocks, which saw significant gains, indicating a lack of market interest in SANY's shares [1][2]. Group 1: IPO Performance - SANY Heavy Industry's stock price barely increased after its IPO, only rising a few percentage points in the morning, contrasting sharply with other new listings like Dipo Technology (01384.HK), which doubled in price [1]. - The high IPO price of SANY at HKD 21.3 left little room for appreciation in the secondary market, with a discount of only about 10% compared to its A-share price [2]. - In comparison, Cambridge Technology (06166.HK) had a much lower H-share issuance price, leading to a 40% increase on its first day of trading [2]. Group 2: Market Dynamics - The low participation of retail investors in SANY's IPO, with a subscription rate of 52.93 times but only 10% of shares allocated to the public, limited the potential for post-IPO price increases [2]. - Institutional investors accounted for a significant portion of the shares, which may stabilize the stock price but also indicates a lack of retail interest [2]. - The simultaneous listing of four new stocks highlighted the varying levels of market enthusiasm for different sectors, with technology and consumer stocks performing well, while SANY's traditional engineering machinery sector lagged [2][3]. Group 3: Industry Context - SANY Heavy Industry operates in a traditional and cyclical engineering machinery sector, which is heavily influenced by macroeconomic conditions, limiting its growth potential [3]. - For investors interested in the engineering machinery sector, it may be more beneficial to consider established companies in the Hong Kong market, such as Zoomlion Heavy Industry and China National Heavy Duty Truck Group, which have shown better long-term performance [3].