Z.ai (02513) opened its IPO at HK$116.20–116.20, raising about HK$bn

• Mechanism18C clawback: <10x → up to 10% at discretion; 10x to <50x → 10%; ≥50x → 20%
• Entry FeeHK$11,620.00
• Public Offer Lots18,710 lots
• Public Offer AmountHK$217M
• Cornerstone Share68.6%
• GreenshoeYes
• SponsorChina International Capital Corporation Hong Kong Securities Limited
• Stabilizing ManagerChina International Capital Corporation Hong Kong Securities Limited

Source Z.ai