【New Stock IPO】Fourier 3625 dark pool doubles, earning about 4,400 yuan per lot; Copper Master 664 dark pool drops 30%, losing about 1,800 yuan per lot

SocialAnxietyStaker · 2026-03-30T14:34:47+00:00

Fourier and Copper Master’s two new stocks will be listed on March 31. Fourier’s dark pool quote is HKD 84.6, a 111.5% increase from the IPO price of HKD 40; Copper Master’s dark pool quote is HKD 41.96, a 30% decrease from the IPO price of HKD 60. Fourier plans to issue 12 million shares, with a subscription demand of over 1,738 times, while Copper Master plans to issue 74.068 million shares, with an oversubscription of 44.6 times.

SocialAnxietyStaker

2026-03-30 14:34:47

Abstract generation in progress

Power amplifier audio chip and haptic feedback chip supplier Fourier （New listing code: 03625）、Copper Master, a supplier of copper-based cultural and creative products （New listing code: 00664） Two new shares will be listed for trading on March 31 (Tuesday). After the close of trading on Monday (30th), there will be a dark market session.

Based on the performance in three major dark market venues, Fourier closed at 84.6 yuan on Haitong’s dark market, which is 111.5% higher than the IPO offer price of 40 yuan. Based on one board lot of 100 shares, one lot stands to gain 4,460 yuan on paper. As for Copper Master, it closed at 41.96 yuan on Futu’s dark market, which is 30% lower than the IPO offer price of 60 yuan. Based on one board lot of 100 shares, one lot stands to lose 1,804 yuan on paper.

Fourier 3625 dark market performance

Dark market trading venue	Closing price (yuan)	Change versus offer price of 40 yuan	Profit/Loss per board lot of 100 shares (yuan)
Haitong	84.6	+111.5%	+4460
Futu	83.5	+108.8%	+4350
Yaocai	84.5	+111.3%	+4450

Copper Master 6664 dark market performance

Dark market trading venue	Closing price (yuan)	Change versus offer price of 60 yuan	Profit/Loss per board lot of 100 shares (yuan)
Haitong	42.00	-30.0%	-1800
Futu	41.96	-30.1%	-1804
Yaocai	42.20	-29.7%	-1780

Fourier plans to issue 12 million H shares, with 5% offered to the public in Hong Kong. The IPO offer price ranges from 40 yuan to 50 yuan, raising up to 600 million yuan. Based on one board lot of 100 shares, the one-lot entry fee is 5,050.4 yuan. Guotai Junan and Oriental Securities are the joint sponsors. According to combined statistics from brokers, Fourier has so far received margin subscription of 52.18 billion yuan, representing an oversubscription of 1,738 times.

Copper Master plans to issue 74.068 million H shares, with 10% offered to the public in Hong Kong. The IPO offer price ranges from 60 yuan to 68 yuan, raising up to 500 million yuan. Based on one board lot of 100 shares, the one-lot entry fee is 6,868.6 yuan. CMB International is the sole sponsor. It received a margin allocation of 2.3 billion yuan from brokers, representing an oversubscription of 44.6 times.

		Finance Hot Talk
	





	China’s vehicle sales top the world for the first time—will high oil prices help electric vehicles go global?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes