eFinder

eFinder

Home › Article

Top Numerical Control rides fervour for aerospace to 80% IPO gain

South China Morning Post · · 237 words · By Themis Qi
open_in_new Read the original article: https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/33542…

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 8
help Insufficient Evidence 2
info
“Revenue from aviation and aerospace manufacturing equipment has accounted for around 90 per cent of its total since 2022”
SINGLE SOURCE
The provided evidence mentions the company's focus on aerospace components and its status as a leader in the sector, but does not provide specific revenue percentages or financial breakdowns for the period since 2022.
travel_explore
web search NEUTRAL — This technology has a significant barrier and is adapted for cutting-edge scenarios such as low-altitude economy drone frames and large lightweight aerospace components, with a steadily expanding grow…
https://www.finanznachrichten.de/nachrichten-2026-05/6846292…
travel_explore
web search NEUTRAL — This technology has a significant barrier and is adapted for cutting-edge scenarios such as low-altitude economy drone frames and large lightweight aerospace components, with a steadily expanding grow…
https://beritapagi.org/acn-newswire/hidden-champion-of-five-…
travel_explore
web search NEUTRAL — English company name: Shanghai Top Numerical Control Technology Co., Ltd.(32.67% of Chinese foreign trade enterprises have 0 paid-in capital). The preceding data analysis is derived from a sample of 2…
https://www.cnverify.com/company/Shanghai-Top-Numerical-Cont…
info
“Shares of Chinese aviation and aerospace parts supplier Shanghai Top Numerical Control Technology ended 80 per cent higher on its debut in Hong Kong on Wednesday”
SINGLE SOURCE
While evidence confirms the company applied for a Hong Kong IPO and set a share price of HK$26.39, there is no data in the provided search results regarding the closing price on its debut or the 80% increase.
travel_explore
web search NEUTRAL — The company plans to globally offer approximately 65,330,000 shares. The share price is set at HK$26.39 per share, with total proceeds expected to reach approximately HK$1.7 billion.
https://www.finanznachrichten.de/nachrichten-2026-05/6846292…
travel_explore
web search NEUTRAL — Among them, Shanghai Top Numerical Control Technology Co. Ltd. applied to list in Hong Kong late last month, in an offering that would make it first in its class to sell shares to global investors. Fi…
https://thebambooworks.com/top-numerical-tools-up-for-hong-k…
travel_explore
web search NEUTRAL — Company profile page for Shanghai Top Numerical Control Technology Co Ltd including stock price, company news, executives, board members, and contact information.
https://www.bloomberg.com/profile/company/1726745D:CH
info
“Top Numerical Control opened at HK$37 per share on its first day of trading, representing a 40.2 per cent premium to the offer price of HK$26.39”
SINGLE SOURCE
The offer price of HK$26.39 is mentioned in the search results (e.g., ACN Newswire/Hidden Champion), but the opening price of HK$37 is not corroborated by any other provided source.
travel_explore
web search NEUTRAL — An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors.
https://en.wikipedia.org/wiki/Initial_public_offering
travel_explore
web search NEUTRAL — The share price is set at HK$26.39 per share, with total proceeds expected to reach approximately HK$1.7 billion.
https://www.finanznachrichten.de/nachrichten-2026-05/6846292…
travel_explore
web search NEUTRAL — Company profile page for Shanghai Top Numerical Control Technology Co Ltd including stock price, company news, executives, board members, and contact information.
https://www.bloomberg.com/profile/company/1726745D:CH
info
“It reached as high as HK$48.40 in afternoon trade, before closing at HK$47.50”
SINGLE SOURCE
No evidence in the provided search results mentions the intraday high of HK$48.40 or the closing price of HK$47.50.
travel_explore
web search NEUTRAL — The share price is set at HK$26.39 per share, with total proceeds expected to reach approximately HK$1.7 billion. As an absolute leader in China's aviation and aerospace five-axis CNC machine tool sec…
https://www.finanznachrichten.de/nachrichten-2026-05/6846292…
travel_explore
web search NEUTRAL — Established in 2007 and based in Shanghai, China, Shanghai TOP Numerical Control Technology Co. , Ltd. operates as a High-end manufacturing technology company that focuses on computerized numerical co…
https://www.preqin.com/data/profile/asset/shanghai-top-numer…
travel_explore
web search NEUTRAL — Among them, Shanghai Top Numerical Control Technology Co. Ltd. applied to list in Hong Kong late last month, in an offering that would make it first in its class to sell shares to global investors.
https://www.benzinga.com/markets/asia/25/06/45771182/top-num…
info
“The Shanghai-based company issued 65.33 million shares in Hong Kong, raising a total of HK$1.72 billion (US$219.6 million)”
SINGLE SOURCE
The evidence from the 'Hidden Champion' source mentions the plan to offer approximately 65.33 million shares and expected proceeds of approximately HK$1.7 billion, but this is not corroborated by a second independent source.
travel_explore
web search NEUTRAL — Hong Kong secures US$3.5 billion to fund Northern Metropolis and green projects.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
travel_explore
web search NEUTRAL — Top hat, 1935 (mark sandrich).Nobody's daughter haewon, 2013 (hong sang-soo). 1,2 тыс просмотров. On the occasion of remembering the turning gate, 2002 (hong sang-soo).
https://vk.com/video738188150_456239659
travel_explore
web search NEUTRAL — “Hong Kong Stock Connect has increased the volatility level of both Shanghai and Hong Kong markets,” he said. Hong Kong has other attributes that encouraged China’s hair-trigger traders.
https://www.nytimes.com/2017/04/30/business/meitu-hong-kong-…
info
“During the bookbuilding phase in mid-May, Top Numerical Control received applications from 344,049 retail subscribers, marking an oversubscription rate of 3,764 times in the public tranche”
SINGLE SOURCE
The provided evidence does not contain any information regarding the bookbuilding phase, the number of retail subscribers, or the oversubscription rate.
travel_explore
web search NEUTRAL — The Modesto Irrigation District (MID) is a special-purpose district that provides irrigation and drinking water, and electrical service, to customers in the San Joaquin Valley within Stanislaus County…
https://en.m.wikipedia.org/wiki/Modesto_Irrigation_District
travel_explore
web search NEUTRAL — Jul 15, 2024 · See Modesto Irrigation District's electric rates, average bill, emissions and how they generate or buy their power.
https://findenergy.com/providers/modesto-irrigation-district…
travel_explore
web search NEUTRAL — MidwayUSA.com sells Just About Everything® for Shooting, Hunting and the Outdoors; our Nitro Express™ provides Super-Fast, Low-Cost Shipping.
https://www.midwayusa.com/
info
“The single-lot success rate was just 8 per cent”
SINGLE SOURCE
No evidence regarding the single-lot success rate was found in the provided search results.
travel_explore
web search NEUTRAL — Shanghai Top Numerical Control Technology Co., Ltd. ('TopNC' or the 'Company') has officially initiated its IPO process, with plans to commence trading on May 20.
https://www.acnnewswire.com/press-release/english/106983/hid…
travel_explore
web search NEUTRAL — - TopNC, the 'First Chinese Commercial Aerospace Stock' in Hong Kong, Formally Launches IPO. HONG KONG, May 12, 2026 - (ACN Newswire) - Shanghai Top Numerical Control Technology Co., Ltd. ('TopNC' or …
https://www.finanznachrichten.de/nachrichten-2026-05/6846292…
travel_explore
web search NEUTRAL — Shanghai Top Numerical Control Technology has passed the listing hearing of HKEX (00388.HK) and plans to list on the Main Board.TENCENT (00700.HK)-backed Alebund is reportedly set to launch its IPO in…
https://www.aastocks.com/en/stocks/news/aafn/ipo-news
info
“The institutional segment attracted 104 international applications, representing an oversubscription rate of 29 times”
SINGLE SOURCE
No evidence regarding the institutional segment's application count or oversubscription rate was found in the provided search results.
travel_explore
web search NEUTRAL — This technology has a significant barrier and is adapted for cutting-edge scenarios such as low-altitude economy drone frames and large lightweight aerospace components, with a steadily expanding grow…
https://www.finanznachrichten.de/nachrichten-2026-05/6846292…
travel_explore
web search NEUTRAL — TOPNC, Shanghai Top Numerical Control Technology Co., Ltd., was established in 2007 by a group of experts, including Ph.D. holders in mechanical manufacturing, automation, computer information, and ot…
https://visitors.emo-hannover.de/exhibitor/topnc/069673
travel_explore
web search NEUTRAL — Subsidiaries with patent applications for Shanghai Top Numerical Control Technology Co., Ltd. Company.TOPNC specializes in CNC technology, precision transmission technology, and advanced process techn…
https://discovery.patsnap.com/company/shanghai-top-numerical…
help
“US reusable rocket giant SpaceX was reported to have targeted a record breaking US$75 billion from its initial public offering (IPO) slated for mid-June”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this claim.
help
“around 10 Chinese aerospace enterprises are concurrently pushing forward with listing preparations on mainland and Hong Kong bourses”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this claim.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.