Three companies are currently undergoing initial public offerings: SUNMI TECH-W (06810), XIZHI TECH-P (01879), and MABWELL-B (02493). As of April 22, brokerages including Futu Securities and Phillip Securities have provided HKD 30.335 billion in margin financing for SUNMI TECH-W, representing an oversubscription of more than 286.25 times. For XIZHI TECH-P, margin financing reached HKD 363.505 billion, with an oversubscription exceeding 2,876.58 times. MABWELL-B saw HKD 19.252 billion in margin financing, resulting in an oversubscription of over 133 times.