ROBOTPHOENIX (06871), UISEE TECH (01511), and TOPNC (07688) are currently in the process of their initial public offerings. As of May 12, brokerages including Futu Securities and Tiger Brokers have provided HKD 259.861 billion in margin financing for ROBOTPHOENIX, representing an oversubscription of over 6,925.94 times. For UISEE TECH, they have provided HKD 3.750 billion, indicating an oversubscription of over 86.01 times. For TOPNC, the margin financing amounted to HKD 12.686 billion, reflecting an oversubscription of over 73.58 times.