"AI Leading Stock" Sea Power Technology (02706) Oversubscribed by 606 Times in Dual Exhibition for Two Days, AI New Stock Heat Breaks Record Again.

Sinotech Group Limited (02706) has only been public for two days, but market subscription heat has already far exceeded that of AI IPOs during the same period. According to the latest data, the company's public offering financing subscription ratio has reached 606.15 times, corresponding to a financing subscription amount of HK$47.576 billion, exceeding the public offering amount of HK$784.9 million by over 600 times. The market is expected to ultimately surpass a subscription ratio of 1067.80 times, with Futu Securities contributing a subscription amount of HK$34.183 billion as the largest source of funds. Compared to previous popular AI IPOs, KNOWLEDGE ATLAS AI was oversubscribed by approximately 118 times on the second day of its public offering, while MiniMax was oversubscribed by approximately 280 times. Sinotech's over 600 times subscription ratio in just two days has set a new record for the speed of subscription for Hong Kong technology companies this year. Market analysis believes that Sinotech, as a core service provider in the domestic government-enterprise AI field, its business scarcity and high growth expectations are driving funds to enter quickly, with the subsequent frozen capital scale potentially surpassing the one-billion-Hong Kong-dollar mark. The final subscription ratio is expected to challenge MiniMax's historical record of 1837 times.