Hong Kong stock IPOs have indeed become popular again recently.

But one reality must be noted:
➢ Stocks with real potential are often hard to get.
Easier-to-apply-for stocks may not have much upside.
This year, many Hong Kong IPOs performed strongly on their first day, such as Ji Tai Technology, MiniMax, and Biren Technology—stocks with AI / high-tech labels, all showing significant profit potential.
But the problem is, the winning rate has also been pushed very low.
Popular stocks often see oversubscription of thousands of times, and retail investors applying for one lot often end up just watching from the sidelines.
> Around May 15, TuoPu CNC is worth paying close attention to.
> IPO from May 12-15, expected to list on May 20, about HKD 2,666 per lot.
It has a very strong label: the first commercial aerospace stock, five-axis CNC machine tools, high-end manufacturing.
These kinds of stocks tend to be hot, but also crowded.
The biggest risk in Hong Kong IPOs is not that no one is competing, but that everyone is competing.
Because if the popularity is fully oversubscribed during the margin trading and dark pool phases in advance, the first day could turn into a profit-taking event.
➤ So, when applying for IPOs now, you can't just look at whether it's popular.
You need to consider the winning rate, margin trading, valuation, dark pool activity, and first-day support.
Being able to apply doesn't mean blindly applying.
The core of Hong Kong IPOs isn't rushing in, but judging whether the potential has already been eaten up by others in advance.
Note: The above content is for personal analysis only and does not constitute any investment advice, DROY.
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