🇨🇳Electronics company Longsys (江波龙电子) ended IPO price stabilization on October 3; its unexercised over-allotment option expired without additional H-share issuance.

Longsys (江波龙电子) reported the end of its global-offering stabilization period on October 3, 2026. The Telegram summary attributes the information to a company announcement. It also states that the company continued to satisfy public-float requirements after stabilization ended.

The stabilization activity involved 4.4984 million H shares. Related parties of stabilization manager CLSA Limited (中信里昂证券有限公司) over-allocated that number of shares, equivalent to approximately 15% of the global offering. During the stabilization period, they purchased an equal 4.4984 million H shares in the market at HK$231.40–HK$236.00 per share.

The final stabilization purchase occurred on September 9 at HK$234.80 per share. The sponsor and overall coordinator did not exercise the over-allotment option, which expired on October 3. Consequently, Longsys will issue no H shares under that option; this is a specific statement about additional issuance under the option, not the original offering.