When is the listing date and what was the offer price?

The company lists on HKEX on 28 January 2026. The 1768.HK IPO priced at HK$23.66 per share. Gray-market action hinted at a strong debut, but actual open and close will depend on auction interest, underwriters’ stabilizing trades, and how much early turnover comes from profit-taking.

How strong was retail demand for the deal?

Retail demand was very strong, with oversubscription around 1,899x. That translated to roughly 3% allotment odds for a single-lot application. Scarcity can lift day-one buying as investors who received no shares seek exposure, though profit-taking may also increase intraday swings and widen spreads.

Who are the cornerstone investors and why do they matter?

Tencent, Temasek, BlackRock, and others participated as cornerstone investors. Such backing can boost confidence and may support near-term stability due to lock-ups. Still, performance after the 1768.HK IPO will depend on growth delivery, margins, and overall Hong Kong market risk appetite in the coming weeks.

What is the main risk on debut day for retail traders?

Volatility. A 70% to 90% gray market premium can compress quickly if sellers step in. Liquidity often clusters near the open, then thins. Participants in the 1768.HK IPO should size positions modestly, favor limit orders, and watch for signs of underwriter support around key price levels.

Global Market Insights

1768.HK Stock Today: January 28 IPO Debut After 90% Gray‑Market Surge

ByHuzaifa Zahoor January 27, 2026January 27, 2026

The 1768.HK IPO of snack retailer 鳴鳴很忙 lists in Hong Kong today, 28 January 2026, after a striking gray market premium. Quotes indicated a 74% to 93% rise versus the offer price, flagging an active open. Retail demand was intense, with oversubscription near 1,899x and about 3% allotment odds for one-lot bids. Cornerstones include Tencent, Temasek, and BlackRock. We break down how the gray market premium and scarcity could shape the Hong Kong IPO debut and what traders should watch in the first hours.