What is the expected post‑IPO trading range for BUUU's shares?

Answer

The IPO was priced at US $4.00 per Class A ordinary share. In the first few days after a Hong Kong‑based MICE‑sector listing, the most common post‑IPO price band is roughly ±10 % around the offering price, reflecting the typical “green‑shoe” over‑allocation window and the market’s need to absorb the new float.

• Upper bound: $4.00 × 1.10 ≈ $4.40 – this level would be supported by strong demand for conference‑ and exhibition‑related exposure, the sector’s rebound in travel and tourism, and any oversubscription that drives the green‑shoe to be exercised.
  
• Lower bound: $4.00 × 0.90 ≈ $3.60 – this level would act as the first technical support if early‑stage investors trim positions, or if broader Asian equity sentiment weakens (e.g., HK market volatility, US rate‑sensitive flows).

Trading implication: With the IPO price anchored at $4.00, the $3.80–$4.20 corridor (±5 %) is the most realistic “sweet‑spot” for intraday traders. If the stock holds above $3.80 on solid volume, it suggests a healthy demand base and may present a buying opportunity with limited downside. A break below $3.80 could trigger a short‑cover rally or a pull‑back, while a push toward $4.20–$4.40 on positive MICE‑sector news would signal upside momentum and could be a cue for short‑term profit‑taking or a swing‑long entry.