King of over-subscription in Hong Kong stocks - DiPu Technology (01384), institutional national allocations are heating up! Six of the top ten long-term funds in the world have arrived!

Whether a company can be popular with global long-term funds, apart from fundamentals and underwriters, the most crucial factor is the strength of the underwriters. In addition to five sponsors, the biggest highlight of D-Power Technology (01384) is inviting two of the hottest top underwriters in the Hong Kong stock market, Huanghe Securities and Lefumor Securities, to act as the main underwriters for D-Power Technology's IPO in Hong Kong this time. This combination is known as the top underwriter combination in the Hong Kong stock market, attracting many globally renowned long-term funds. Huanghe Securities and Lefumor Securities teamed up to underwrite the IPO project ZHIDA TECH, which soared over 190% on the first day, in the past month. This underwriting combination has significant influence among globally renowned long-term funds, and whether D-Power Technology can break the record of a 190%+ surge on the first day remains to be seen. D-Power Technology's Hong Kong IPO received over 7500 times oversubscription, setting a new record for oversubscription of new stocks in the Hong Kong main board, amounting to over 270 billion Hong Kong dollars, becoming the over-subscription king in the technology sector of Hong Kong new stocks in 18C this year. Huanghe Securities and Lefumor Securities acted as the main underwriters for D-Power Technology, which not only attracted significant attention in the open market but also caused a stir among institutional investors! Global renowned long-term funds such as VanCapital, BlackRock, Symmetry, Millennium, Schonfeld, Balyasny, D.E. Shaw, Orix, Ghisallo, Jump Trading, and others actively participated, with six of the top ten global asset management long-term funds entering! BlackRock is the world's largest asset management company, committed to building lifetime savings and achieving greater financial well-being for millions of customers by helping them invest. Founded in 1988 by eight founders, the company has always prioritized customer needs and effective risk management. Currently, with over 21,000 employees from diverse backgrounds speaking over 100 languages, there are over 100 offices in 38 locations worldwide, managing assets exceeding $10 trillion. Balyasny, founded in 2001 by Dmitry Balyasny, is headquartered in Chicago. The company employs strategies such as fundamental long and short equity, fixed income, credit, macro, commodities, systematic trading, and multi-asset arbitrage, managing assets exceeding $260 billion. D.E. Shaw, a leading investment management firm founded in 1988 by David E. Shaw, based in New York, focuses on using complex mathematical models and computer programs to develop financial market anomalies. Using systematic and computationally driven trading methods, they manage assets exceeding $100 billion. Schonfeld is a multi-strategy fund founded by Steven Schonfeld in 1988. Initially, a proprietary trading company with a deep systematic foundation, it has developed into an institution spanning five continents, employing over 1000 people, supporting over 120 portfolio manager teams. The company invests in four core strategies: quantitative, fundamental equity, tactical trading, and discretionary macro and fixed income, managing assets exceeding $100 billion. Millennium Management is a global investment management company with over 35 years of evolutionary history, focusing on enabling excellent professionals to pursue high-quality returns for investors through precise expertise, resources, and technology. With a rigorous risk framework, adaptive business model, and capital stability, they aim for consistent long-term returns, accessing global opportunities at scale covering various investment strategies such as fundamental equity, equity arbitrage, fixed income, commodities, and quantitative strategies. Managing assets exceeding $100 billion. ORIX Group is a global enterprise group engaged in financing and investment, life insurance, banking, asset management, real estate, franchising, environment and energy, automotive-related services, industrial/ICT equipment, ships, and aircraft. With the motto "Finding Paths. Making Impact.", the company supports sustainable world development through diverse innovative thinking. Operating in 10 business segments, leveraging unique strengths and cross-sector synergies to achieve sustainable growth, managing assets exceeding $100 billion. D-Power Technology is favored by investors due to its solid business fundamentals and development path similar to Palantir. The market generally sees potential for it to become the "Chinese version of Palantir". The industry widely believes that D-Power Technology is expected to maintain a much higher growth rate than Palantir after its listing due to its significant first mover advantage in the market with Chinese characteristics. D-Power Technology is driven by the "Data+AI" dual engine. Its two core solutions, FastData enterprise data intelligence and FastAGI enterprise artificial intelligence, have deeply empowered industrial intelligence upgrade in consumer retail, manufacturing, medical, and transportation sectors, among others. According to the 2025 Fortune China Top 50 Tech ranking, D-Power Technology ranks 42nd. From 2022 to 2024, D-Power Technology's revenue increased from 100 million to 243 million yuan, with a three-year compound growth rate of 55.5%. The high-growth momentum further strengthened in the first half of 2025, with revenue soaring by 118.4% year-on-year to 132 million yuan, exhibiting a doubling of revenue growth and demonstrating strong development potential. Its FastAGI enterprise artificial intelligence solution quickly became the second growth curve, with revenue reaching 73.07 million yuan in the first half of 2025, a year-on-year increase of 191%, with the proportion of total revenue increasing to 55.3%. With its outstanding oversubscription performance and top-tier institutional support, D-Power Technology's debut on the Hong Kong stock market fully demonstrates its significant appeal as the "Chinese version of Palantir" in the capital market, with high expectations for its future performance!