Company Name: Shanghai Able Digital Science & Tech Co., Ltd.

Date of Prospectus: November 28, 2025

Shanghai Able Digital Science & Tech Co., Ltd. IPO: 2025 Hong Kong Listing, Key Facts, and Investor Outlook

IPO Snapshot: Shanghai Able Digital Science & Tech Co., Ltd. (Stock Code: 02687)

Shanghai Able Digital Science & Tech Co., Ltd. is set to debut on the Hong Kong Stock Exchange under the symbol 02687. This high-profile listing offers investors a chance to participate in the continued digital transformation of the Chinese technology sector.

• Number of Offer Shares: 6,666,700 H Shares
• Number of Public Offer Shares: 666,700 H Shares (subject to reallocation)
• Maximum Offer Price: HKD 76.1 per H Share
• Lot Size: 100 shares per lot
• IPO Symbol: 02687

Dealing commences on: December 8, 2025

Application cut-off times: Financing required by December 2, 2025 at 12:00 NOON; Full deposit application by December 2, 2025 at 4:00 PM

Allocation Announcement Date: December 5, 2025

Refund Date: December 4, 2025

Placement and Issuance Breakdown

The IPO consists of both public and institutional placements. Of the total 6,666,700 H Shares offered, 666,700 H Shares are earmarked for the public offer, subject to reallocation. The remainder is available for institutional and other allocations as per standard Hong Kong listing practice [[1]].

Investor Participation and Book Quality

Margin Financing: Up to 90% financing is available for IPO participants, with no minimum application amount for margin financing. The indicated interest rate is 0% p.a., making this IPO attractive to leveraged investors. Financing is allocated on a “first come, first served” basis, reflecting strong anticipated demand [[2]].

Application Charges: HKD 50.00 per application; Financial Charges: HKD 100.00 [[2]].

Book Quality: The financing terms and no minimum application threshold suggest broad investor participation and potentially strong first-day demand.

Deal Structure and Key Parties

Guotai Junan Securities (Hong Kong) Limited is the lead manager and underwriter for the IPO. Their involvement adds credibility and execution strength to the offering [[1]].

Stabilization and Over-allotment: No greenshoe or over-allotment options are disclosed in the available documents.

Deal Support: The combination of a reputable sponsor and attractive financing terms could support robust listing-day trading.

Company Overview and Business Model

Shanghai Able Digital Science & Tech Co., Ltd. operates in the digital science and technology sector. The company leverages advanced solutions to serve a diverse client base in China and potentially abroad. While detailed product-level information is not disclosed, the IPO structure and sector focus suggest a business model centered on digital transformation, technology solutions, and possibly SaaS or related streams.

Revenue Streams and Monetization: Inferred to be driven by technology services, digital solutions, and related products [[1]].

Customer Segments: Corporate, institutional, and private sector clients in the digital economy.

Financial Health: Key Metrics

Financial data is not disclosed in the available prospectus excerpt. Investors should consult the official prospectus for detailed financial statements.

Market Position and Competitive Advantages

Sector Definition: Digital science & technology within China, a high-growth market characterized by rapid digital adoption and innovation.

Competitive Advantages: Supported by strong placement partners and broad financing access, indicating market confidence in the company’s positioning.

Management Team

Management team details are not disclosed in the prospectus excerpt.

Trends, Timing, and Market Environment

Sector Trends: The Chinese digital technology sector continues to see robust demand, driven by ongoing digitalization initiatives and corporate modernization efforts.

IPO Timing: The offer period is set for early December 2025, with listing commencing on December 8, 2025. This timing positions the IPO at the tail end of the year, typically a period of heightened activity and investor interest in Hong Kong listings.

Market Environment: The document does not provide macroeconomic indicators or sector performance statistics, but the structure of the offering and financing terms imply a constructive backdrop for new listings.

Key Risk Factors

Principal Risks:

• IPO subscriptions are irrevocable; any amendment requests may incur handling charges equivalent to committed loan interest.
• Financing is subject to availability and may be declined if quotas are filled.
• Applications can be cancelled if funds are deposited late or insufficiently.
• No guarantee of allocation; final rights reserved by Guotai Junan Securities (Hong Kong) Limited [[2]].

Growth Strategy

Growth strategy details are not explicitly disclosed in the available excerpt. The use of proceeds is not itemized, but the sector and timing suggest a focus on expansion and digital transformation.

Ownership and Lock-up Arrangements

Pre- and Post-IPO shareholding structures, lock-in periods, and ESOPs are not disclosed in the available prospectus excerpt.

Valuation and Peer Comparison

Valuation metrics and peer comparison tables are not included in the provided prospectus sections.

Recent Developments and Sector Performance

No additional sector or company developments are disclosed in the available excerpt.

Research and Analyst Opinions

No research coverage or analyst price targets are included in the disclosed material.

IPO Allotment Result

Final subscription outcomes by tranche are not yet disclosed.

Listing Outlook and Investor Recommendation

Based on the disclosed offer structure, competitive financing terms (0% margin rate), and robust sector demand, Shanghai Able Digital Science & Tech Co., Ltd. IPO appears attractive for both retail and institutional investors. The minimum application amount for margin financing is nil, which could lead to high oversubscription levels. First-day trading strength is likely to be supported by favorable financing, sponsor reputation, and sector momentum. Exact first-day trading range is not forecasted in the document, but indications point toward strong listing performance relative to the offer price [[1]][[2]].

Prospectus Access

To obtain the full prospectus and additional information, visit: https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1128/2025112800005.pdf

How to Apply for Shanghai Able Digital Science & Tech Co., Ltd. IPO

Application Window: Financing required by December 2, 2025 at 12:00 NOON; Full deposit applications by December 2, 2025 at 4:00 PM.

Application Channels: Investors may apply via brokers, including Guotai Junan Securities (Hong Kong) Limited. Ensure sufficient funds are deposited in your securities account prior to the cut-off time to qualify for financing or subscription. Applications are processed on a “first come, first served” basis, with financing quotas subject to availability [[2]].

Charges: Application charge of HKD 50.00; Financial charge HKD 100.00.

Conclusion

Shanghai Able Digital Science & Tech Co., Ltd. IPO offers a compelling opportunity for investors seeking exposure to the Chinese digital technology sector. The attractive financing structure, strong sector trends, and reputable deal parties suggest robust demand and promising first-day performance. Investors are encouraged to review the full prospectus and act within the application window to secure allocations.