【New Stock IPO】Youlesai 2649 debuts with a nearly 32% drop at opening, losing 1,750 yuan per lot; Zhaowei Electromechanical 2692 opens nearly 10% higher; Eston 2715 opens flat

SocialAnxietyStaker · 2026-03-09T04:59:17+00:00

Youlesai Sharing, Zhaowei Electromechanical, and Eston had different performances on their first day of listing. Youlesai Sharing opened below the IPO price, Zhaowei Electromechanical above the IPO price, and Eston remained flat. The oversubscription multiples for the public offerings were 5296 times, 1536 times, and 19 times respectively. In the dark pool trading, Zhaowei Electromechanical's price rose, Eston declined, and Youlesai Sharing showed mixed performance, indicating varied market reactions.

SocialAnxietyStaker

2026-03-09 04:59:17

Abstract generation in progress

Youle Sai Shared (02649) Zhaowei Electromechanical (02692) Hesto (02715) The three stocks had their first day of listing with mixed performances. Youle Sai Shared opened at HKD 7.5, 31.8% below the IPO price of HKD 11, with a lot of 500 shares resulting in a paper loss of HKD 1,750 per lot. Zhaowei Electromechanical opened at HKD 78, 9.4% above the IPO price of HKD 71.28, earning HKD 672 per lot of 100 shares. Hesto opened at HKD 15.36, matching the IPO price.

The allotment results show that the Hong Kong public offering for the three new stocks was oversubscribed approximately 5,296 times, 1,536 times, and 19 times, respectively. The success rate for applying for one lot was 0.04%, 4%, and 4.99%.

Youle Sai Shared received 162,571 applications in the public offering, with 4,068 accepted. The stock was oversubscribed by 4,075 applicants (“top-up” applicants), with only 1,043 receiving one lot.

Zhaowei Electromechanical received 180,292 applications, with 23,940 accepted. Only applications for 3,000 shares (300,000 shares) or more guaranteed one lot; 317 applicants were “top-up,” each receiving 4 lots, with 50 applicants receiving an additional lot.

Hesto received 27,190 applications, with 6,799 accepted. Only applications for 25 lots (5,000 shares) or more guaranteed one lot; 2 applicants were “top-up,” each receiving 1,313 lots.

The three new stocks traded in the dark pool last Friday (6th). Zhaowei Electromechanical rose over 15%, Hesto fell more than 7%, while Youle Sai Shared showed mixed performance.

Youle Sai Shared: reached a high of HKD 30.86 during the session, 181% above the HKD 11 issue price, with a paper profit of HKD 9,930 per 500 shares. The closing performance was mixed: Bright Talent and CICC declined nearly 1%, while Futu surged 27%.
Zhaowei Electromechanical: closed in the dark pool up about 16% at HKD 18, earning HKD 1,127 to HKD 1,282 per lot of 100 shares.
Hesto: closed in the dark pool down about 7% at nearly HKD 10, with a paper loss of HKD 232 to HKD 292 per lot of 200 shares.

Youle Sai Shared dark pool (2649)

Dark Pool Trading Venue	Quote (HKD)	Change from HKD 11	Profit/Loss per lot of 500 shares (HKD)	High-Low (HKD)
Bright Talent	10.9	-0.9%	-50	10.19-30.86
Futu	14	+27.3%	+1,500	13.66-30
CICC	10.9	-0.9%	-50	10.1-25

Youle Sai Shared plans to issue 20.36 million shares, with 10% in the public offering, raising approximately HKD 285 million. No cornerstone investors were involved in this IPO. The original IPO price range was HKD 11 to HKD 14.

Zhaowei Electromechanical (2692) dark pool

Dark Pool Trading Venue	Quote (HKD)	Change from HKD 71.28	Profit/Loss per lot of 100 shares (HKD)	High-Low (HKD)
Bright Talent	82.8	+16.2%	+1,152	81-92
Futu	84.1	+18%	+1,282	82.5-90
CICC	82.55	+15.8%	+1,127	82-87

Zhaowei Electromechanical plans to sell 26.7483 million H-shares, with 10% in the public offering, raising up to HKD 1.971 billion. The maximum initial offering price was HKD 73.68 per share.

Hesto (2715) dark pool

Dark Pool Trading Venue	Quote (HKD)	Change from HKD 15.36	Profit/Loss per lot of 200 shares (HKD)	High-Low (HKD)
Bright Talent	14.1	-8.2%	-252	13.7-25.36
Futu	14.2	-7.6%	-232	14-15.5
CICC	13.9	-9.5%	-292	13.9-14.8

Hesto plans to issue 96.78 million H-shares, with 10% in the public offering, raising up to HKD 1.645 billion. The original IPO price range was HKD 15.36 to HKD 17.

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