Busy Ming (1768 HK) IPO: Uplifted Margins, Strong Volumes, Market Reach Make It A Compelling BUY

Busy Ming (1768 HK) IPO: Not Expensive with Moderate Upside

US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/busy-ming-group-co-ltd" target="_blank" data-smartkarma-citation="entities:45154:1" rel="noopener">Busy Ming Group (1768 HK)</a> goes public on 28 January on the Hong Kong Stock Exchange seeking to raise more than $400m at a valuation of $6.5bn</li>
<li>IPO free float is below 5% due to locked cornerstone investors such as <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a>, <a href="https://www.smartkarma.com/entities/temasek-holdings-pte-ltd" target="_blank" data-smartkarma-citation="entities:28816:1" rel="noopener">Temasek (TMSK SP)</a> and <a href="https://www.smartkarma.com/entities/blackrock-inc" target="_blank" data-smartkarma-citation="entities:6249:1" rel="noopener">BlackRock (BLK US)</a>.</li>
<li>Earliest inclusion in Global indices is expected in March 2027 following the lock-up expiry of cornerstone and other shareholders.</li>
</ul>



Busy Ming Group (1768 HK) goes public on 28 January on the Hong Kong Stock Exchange seeking to raise more than $400m at a valuation of $6.5bn
IPO free float is below 5% due to locked cornerstone investors such as Tencent (700 HK), Temasek (TMSK SP) and BlackRock (BLK US).
Earliest inclusion in Global indices is expected in March 2027 following the lock-up expiry of cornerstone and other shareholders.


Busy Ming (1768 HK): Low IPO Float Delays Global Index Inclusion