IPO News | Micro Intelligence Manufacturing (03275) Oversubscribed 31 Times on Final Day of Offering, Margin Subscription Amount Reaches HK$2.56 Billion

Micro Intelligence Manufacturing (03275) has entered the final closing day of its public offering, with market subscription enthusiasm continuing to build and the oversubscription scale climbing further from the third day. As of the latest statistics, the company's public offering financing subscription multiple has reached 32 times, with the corresponding total margin subscription amount rising to HK$2.56 billion, representing substantial oversubscription relative to the public fundraising amount of HK$79.99 million. On the brokerage channel side, the number of participating brokers has increased to 15, with new changes emerging in the top-tier capital lineup. Futu Securities continues to hold the top position with a subscription amount of HK$890 million, nearly doubling its capital scale from the third day; Phillip Securities has jumped to second place with HK$350 million, followed closely by Tiger International with HK$340 million, with both brokers' subscription scales breaking through the HK$300 million threshold. In addition, TradeGo Markets, Huatai International, and Yingli Securities all recorded subscription amounts exceeding HK$170 million, while Chief Securities, FOSUN INTL and other institutions also increased their participation, with capital continuing to flow in through diversified channels. As the first "industrial embodied intelligence stock" in Hong Kong, Micro Intelligence Manufacturing has built its technology system around a "physical AI brain" as its core, accumulating over 23TB of industrial precision-labeled data, and ranks first in the industrial embodied intelligence Siasun Robot&Automation (EIIR) segment with a 20% market share. The sustained capital pursuit of this offering reflects the market's dual recognition of the dividends from industrial AI implementation and the company's growth logic of "from single-point breakthroughs to large-scale replication." With the offering officially closed, the company is about to enter the pricing and listing stage, and is expected to officially list on the Main Board of the Hong Kong Stock Exchange on October 28. Its final frozen capital scale and first-day trading performance are worth continued attention.