SHANGHAI, February 8, 2026, 10:29 (GMT+8) — The session has ended.
OmniVision Integrated Circuits Group, Inc. disclosed that underwriters took up part of the over-allotment option in its Hong Kong offering, issuing 4.94 million H shares priced at HK$104.80 each, per a Feb. 7 filing in Shanghai. The company expects these additional shares to start trading in Hong Kong on Feb. 11, boosting net proceeds by HK$511.2 million. The stabilisation period wrapped up on Feb. 6. According to the filing, stabilisation actions covered over-allocation of 6.87 million H shares and market purchases totaling 1.93 million H shares at prices ranging from HK$103.00 to HK$104.80, while the rest of the option was left unused. Xueqiu Stock Market
OmniVision’s Class A shares in Shanghai (603501.SS) finished Friday at 115.95 yuan, slipping 1.43% for the day and down 4.33% over the past week, according to MarketScreener data. With the weekend pause, focus shifts to Monday as traders watch how the Hong Kong line holds up without the listing’s previous price support. MarketScreener UK
That’s important: stabilisation stands as one of the limited supports for a new listing. After the stabilisation window ends, the stabilising manager steps back from the market. No more extra buying—shares are left to trade on their own.
Banks turn to the over-allotment option, or “greenshoe,” when they want to sell more shares than initially planned. Later, they cover that short by snapping up stock in the market or grabbing extra shares from the issuer. The gist: it’s a tool for demand and early price bumps, though it does shift the immediate supply picture.
OmniVision, headquartered in China, designs and distributes chips for digital imaging, display, and analog applications, Reuters company data shows. Its products end up in everything from cars to smartphones, serving both consumer and industrial markets. Reuters
It’s a shaky moment for chip names across the board, as investors argue over just how fast AI infrastructure investments will actually start to pay off. Friday in the U.S., Nvidia, AMD and Broadcom all climbed. Baird’s Ross Mayfield described trading as “volatile,” but pointed to “real demand” out there for AI-driven products. Reuters
The risk here is clear enough. Without stabilisation, that mechanical buying force disappears, leaving the market exposed if new shares come in and demand slackens. Should Hong Kong shares dip below the HK$104.80 offer price, sentiment in Shanghai could easily take a hit—regardless of the fact that the mainland share count stays the same.
Monday brings Shanghai’s reopening, a key marker, while Feb. 11 is on the radar for the start of over-allotment share trading in Hong Kong. Early liquidity will be in focus, and traders are set to watch if the A-share sticks near Friday’s close once the additional shares come online.
