What are the key dates for the 鳴鳴很忙 IPO?

Books opened on January 20 and will close on January 23. Pricing is expected after book close, and trading is slated for January 28 under ticker 1768.HK on the Hong Kong Stock Exchange. Investors should confirm final timing with their broker before funding or margin submissions.

What is the offer size and price range?

The company is offering about 14.1 million H-shares at HK$229.6–236.6 per share, targeting up to HK$3.34 billion in proceeds. Final pricing depends on demand. Allocation between retail and institutions will be announced after bookbuilding completes and before the first trading day.

Who are the cornerstone investors and why do they matter?

Cornerstone investors include Tencent, Temasek, BlackRock, and Fidelity. Their participation can improve confidence and reduce free float, which may support pricing. However, cornerstone interest does not ensure post-listing performance. Investors should still assess fundamentals, growth drivers, and valuation before subscribing to the offering.

Which metrics should I track before and after listing?

Before listing, watch subscription levels, margin financing demand, and where pricing lands within the range. After listing, track day-one turnover, price stability, and updates on margins and store productivity. Also monitor same-store sales, cash generation, and any guidance on expansion pace and capital expenditure.

Global Market Insights

1768.HK Stock Today: January 20 IPO Attracts Tencent, BlackRock

ByHuzaifa Zahoor January 20, 2026January 20, 2026

鳴鳴很忙 IPO opens today in Hong Kong, drawing strong attention from retail and institutions. The offer sells about 14.1 million H-shares at HK$229.6–236.6, targeting up to HK$3.34 billion, with ticker 1768.HK set to list on January 28. Cornerstone investors include Tencent, Temasek, BlackRock, and Fidelity. We review the terms, demand drivers, and financials to help Hong Kong investors assess allocation strategy and pricing signals for this Hong Kong IPO.