Geekplus-W 02590Expected Lots

Geekplus-W (02590) Expected Lots
Offering Mechanism: Mechanism A (Old) | Min Subscription: HK$3,360  |  Public Offering Lots: Pool A 175,441lots / Pool B 175,442lots  |  Offer Price: HK$16.80  |  Lot Size: 200shares  |  Public Offering Size: HK$1.18B
1x3687.0x
Recent first-day return
+4.6%
→
Participants
24,732
→
Avg lots
83.7
→
Oversubscription
29x
29x = 24,732 × 83.7 ÷ 70,177 margin-weighted 100% → 130.9x
Margin dynamics · 2025-07-04 18:48 Margin multiple112.83x Margin funds266.1100M TradeGo forecast multiple130.89x
Rank Broker Margin funds
1 辉立证券辉立 116.0100M
2 富途证券富途 99.9100M
3 老虎国际老虎 25.1100M
4 华泰国际华泰 9.8100M
5 招银国际招银 6.0100M
6 华盛证券华盛 2.9100M
7 长桥证券长桥 1.9100M
8 贝塔国际 1.9100M
10 耀才证券耀才 1.0100M
11 盈立证券盈立 1.0100M
12 信诚证券信诚 200010K
13 TradeGo MarketsTradeGo 155510K
14 卓锐证券 141910K
15 盈宝证券盈宝 93610K
16 艾德证券艾德 20010K
17 FunderstoneFunderstone 16810K
Margin multiple
TimeMultiple
2025-06-30T06:00:00+08:000
2025-06-30T10:41:35+08:000.005767844268204758
2025-06-30T11:37:39+08:000.015310233682514102
2025-06-30T11:38:30+08:000.07892616311124305
2025-06-30T11:39:21+08:000.10284575257644514
2025-06-30T12:03:34+08:000.1424572713007337
2025-06-30T12:04:10+08:000.2092539972008991
2025-06-30T12:05:51+08:000.6333601933924254
2025-06-30T13:42:11+08:000.7733152381356292
2025-06-30T13:42:36+08:000.8946096102464057
2025-06-30T14:10:55+08:000.8946520208660248
2025-06-30T14:11:42+08:001.4649900335043895
2025-06-30T14:12:31+08:001.5243649009712033
2025-06-30T14:15:02+08:001.5696594427244581
2025-06-30T15:11:42+08:001.590186182620128
2025-06-30T15:12:56+08:001.8446499003350438
2025-06-30T16:23:05+08:001.8726409092836847
2025-06-30T16:24:38+08:002.0338012638364646
2025-06-30T16:25:15+08:002.0658212816489248
2025-06-30T16:25:57+08:002.313711353322872
2025-06-30T17:28:20+08:002.328130963993384
2025-06-30T17:28:53+08:002.4171932651936046
2025-06-30T17:31:07+08:002.6122821154417064
2025-06-30T18:11:59+08:002.7923576063446287
2025-06-30T18:12:04+08:002.804868739132279
2025-06-30T18:13:41+08:002.809109801094194
2025-06-30T18:21:22+08:002.8697569871495823
2025-06-30T18:22:38+08:002.8845582933966667
2025-06-30T20:29:42+08:002.9031765554094746
2025-06-30T20:31:02+08:002.958310360914373
2025-06-30T20:31:54+08:002.966410789261631
2025-06-30T20:32:50+08:003.0342677806522755
2025-06-30T21:40:22+08:003.0324441240086517
2025-06-30T21:41:07+08:003.1215064252088722
2025-06-30T22:17:44+08:003.1351626447262393
2025-06-30T22:18:35+08:003.139403706688155
2025-07-01T08:31:45+08:003.3132872471266803
2025-07-01T08:31:49+08:003.4065906102888164
2025-07-01T08:31:58+08:003.461724415793715
2025-07-01T08:32:01+08:003.639849018194156
2025-07-01T08:36:10+08:003.6506213155774208
2025-07-01T08:36:13+08:003.6428177615674966
2025-07-01T08:36:16+08:003.66817931209975
2025-07-01T08:38:10+08:003.66817931209975
2025-07-01T09:08:55+08:003.9014377200050894
2025-07-01T09:10:06+08:003.954493405148649
2025-07-01T09:24:50+08:003.984180838882056
2025-07-01T10:04:30+08:004.358200093303363
2025-07-01T10:05:11+08:004.377030408414267
2025-07-01T10:06:04+08:004.593324568471945
2025-07-01T11:06:12+08:004.598541074685101
2025-07-01T11:06:54+08:004.73425505746639
2025-07-01T12:09:40+08:004.383095127019806
2025-07-01T12:10:19+08:004.3922134102379236
2025-07-01T12:11:21+08:004.40493659612367
2025-07-01T13:47:00+08:004.410322744815302
2025-07-01T13:47:49+08:004.427286992662963
2025-07-01T13:48:33+08:004.511896178803172
2025-07-01T14:19:24+08:004.59760804105348
2025-07-01T14:19:51+08:004.595529920692141
2025-07-01T14:20:23+08:004.735484965435345
2025-07-01T15:04:29+08:004.742864413249078
2025-07-01T15:08:58+08:004.7937571567920605
2025-07-01T16:07:50+08:004.930616226303067
2025-07-01T16:08:35+08:004.985750031807965
2025-07-01T16:09:02+08:005.010729886763646
2025-07-01T17:18:24+08:005.011578099156028
2025-07-01T17:19:10+08:005.058229780737096
2025-07-01T18:47:28+08:005.964799185716103
2025-07-01T18:47:34+08:005.970185334407736
2025-07-01T18:48:35+08:006.258577547817974
2025-07-01T18:48:46+08:006.300988167437127
2025-07-01T19:36:59+08:006.301412273633318
2025-07-01T19:37:49+08:006.526188557614827
2025-07-01T19:38:36+08:006.6537172908096185
2025-07-01T20:56:26+08:006.652317740362187
2025-07-01T20:56:49+08:006.8770940243436955
2025-07-01T21:38:32+08:006.86386191102252
2025-07-01T21:39:28+08:006.931718902413165
2025-07-01T22:03:35+08:006.9078841341872
2025-07-01T22:07:06+08:007.1072140463972175
2025-07-02T08:41:12+08:007.112642605708469
2025-07-02T08:41:15+08:007.112430552610373
2025-07-02T08:41:28+08:007.132363543831375
2025-07-02T08:41:32+08:007.13062470842699
2025-07-02T08:43:14+08:007.206963823741465
2025-07-02T08:43:18+08:007.29178506297977
2025-07-02T08:43:22+08:007.5165613469612795
2025-07-02T08:46:19+08:007.5165613469612795
2025-07-02T09:07:54+08:007.724373383095127
2025-07-02T09:08:16+08:007.726451503456466
2025-07-02T09:38:41+08:007.930785868781543
2025-07-02T10:10:10+08:007.937868442257941
2025-07-02T10:11:01+08:0010.175749607701768
2025-07-02T10:12:21+08:0010.366597395987956
2025-07-02T11:10:56+08:0010.654989609398193
2025-07-02T11:11:55+08:0010.664828873149837
2025-07-02T12:12:06+08:0010.881123033207516
2025-07-02T12:12:40+08:0010.894270325289453
2025-07-02T12:13:19+08:0010.993044658382459
2025-07-02T13:43:55+08:0010.996267865473515
2025-07-02T13:45:53+08:0011.310106450655244
2025-07-02T13:46:19+08:0011.64515034564655
2025-07-02T13:47:59+08:0011.899614063361465
2025-07-02T14:03:42+08:0012.084015437465542
2025-07-02T14:05:05+08:0012.08706900207812
2025-07-02T14:05:44+08:0012.285635523134992
2025-07-02T14:06:45+08:0012.506170745154586
2025-07-02T15:07:03+08:0012.525043470885109
2025-07-02T15:07:52+08:0013.033970906314941
2025-07-02T16:28:09+08:0012.989354934475593
2025-07-02T16:28:47+08:0013.05704228338776
2025-07-02T16:31:27+08:0013.239407947750117
2025-07-02T17:26:45+08:0013.523559099198438
2025-07-02T17:27:20+08:0013.528690784172356
2025-07-02T17:34:23+08:0017.76975274608762
2025-07-02T18:02:16+08:0018.51863946732262
2025-07-02T18:06:53+08:0018.703761821960217
2025-07-02T18:06:59+08:0018.720471606090165
2025-07-02T18:08:10+08:0019.089443996776794
2025-07-02T18:23:54+08:0019.469867254760594
2025-07-02T20:00:37+08:0019.47694982823699
2025-07-02T20:01:50+08:0020.138555494295773
2025-07-02T20:17:52+08:0020.164341151024217
2025-07-02T20:18:38+08:0020.38487637304381
2025-07-02T22:06:29+08:0020.68175071037788
2025-07-02T22:07:13+08:0020.700411383010305
2025-07-02T22:08:05+08:0021.200856694516307
2025-07-03T09:37:49+08:0021.212816489248908
2025-07-03T09:38:47+08:0021.692056490945333
2025-07-03T09:43:17+08:0022.692947113957334
2025-07-03T09:43:29+08:0022.73679969464354
2025-07-03T09:44:08+08:0022.868272615462914
2025-07-03T09:44:22+08:0022.87993553585818
2025-07-03T09:45:09+08:0022.998685270791807
2025-07-03T09:46:43+08:0023.00954238941431
2025-07-03T09:47:29+08:0023.19614911573858
2025-07-03T09:48:17+08:0023.40480936426481
2025-07-03T10:05:08+08:0024.76928622927181
2025-07-03T10:05:37+08:0024.778022816913357
2025-07-03T10:06:19+08:0025.25726281860978
2025-07-03T10:49:13+08:0025.25726281860978
2025-07-03T11:09:50+08:0025.300521650621317
2025-07-03T11:10:59+08:0025.890029263327538
2025-07-03T12:15:40+08:0026.322617583442895
2025-07-03T12:16:12+08:0026.34734297468086
2025-07-03T12:17:02+08:0027.00801560710802
2025-07-03T13:52:43+08:0027.220068705203783
2025-07-03T13:53:06+08:0033.15755545188515
2025-07-03T13:53:45+08:0033.18669154756351
2025-07-03T13:54:23+08:0033.271512786801814
2025-07-03T14:00:43+08:0033.46439628482972
2025-07-03T14:03:23+08:0033.7867594045549
2025-07-03T14:05:25+08:0033.80957631791001
2025-07-03T14:05:53+08:0034.13490818100853
2025-07-03T14:06:37+08:0035.004325883201155
2025-07-03T15:08:05+08:0035.032656177106745
2025-07-03T15:09:06+08:0036.262564146062175
2025-07-03T15:10:09+08:0038.80296026124942
2025-07-03T16:09:49+08:0039.39666652529793
2025-07-03T16:10:28+08:0040.92768989354934
2025-07-03T17:06:33+08:0042.178803172314346
2025-07-03T17:20:19+08:0047.69218372280419
2025-07-03T17:21:02+08:0048.48526230968235
2025-07-03T18:23:05+08:0048.86695788625472
2025-07-03T18:23:50+08:0049.66724627846813
2025-07-03T18:24:46+08:0050.68086008736588
2025-07-03T18:26:39+08:0051.070444039187414
2025-07-03T20:13:28+08:0053.09767165698291
2025-07-03T20:14:02+08:0054.08583909410917
2025-07-03T21:41:24+08:0055.17579201832139
2025-07-03T22:08:22+08:0056.532931846134275
2025-07-04T08:36:59+08:0058.615293269434666
2025-07-04T08:37:03+08:0062.44497222104415
2025-07-04T08:37:06+08:0065.32465329318461
2025-07-04T08:37:10+08:0067.39853259256118
2025-07-04T08:37:13+08:0070.21883879723482
2025-07-04T08:40:05+08:0070.21883879723482
2025-07-04T09:03:51+08:0086.33487425251283
2025-07-04T09:06:00+08:0091.25026506637262
2025-07-04T09:44:45+08:0091.3562916154205
2025-07-04T10:08:04+08:0093.2610797743755
2025-07-04T10:10:28+08:0095.18164468382884
2025-07-04T11:33:17+08:00112.14589253148989
2025-07-04T18:48:03+08:00112.83
TradeGo forecast multiple
TimeMultiple
Broker margin funds trend
TimeBrokerMargin funds
Pool A α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.57
Pool B α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.67
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 133.62x and current allocation strategy (Pool A α=0.571, Pool B α=0.671) as the baseline, comparing actual vs predicted expected allotment lots per tier

Lots Subscription Amount (HKD) Actual Expected Lots Predicted Expected Lots Error

LogoGeekplus-W Allotment Prediction Matrix

Rows are subscription tiers, columns are different oversubscription ratios, values are expected allotment lots; green indicates guaranteed allotment (≥1 lot)

Pool A

Oversubscription
130.9x
Allocation Strategy
α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.57

Pool B

Oversubscription
130.9x
Allocation Strategy
α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.67
Offering Mechanism

Mechanism A (Old)

Mechanism A applicable before 4 August 2025. Initial public offer allocation was 10% of offering shares, with clawback thresholds at 15x/50x/100x, raising to 30%/40%/50% respectively.

Allocation Strategy Coefficient α

α is the issuer's allocation preference coefficient, describing the issuer's allocation tendency across subscription sizes. α ranges [0, 1].

  • α → 0: Per-capita allocation — regardless of lots subscribed, every allottee receives the same number of shares. More favorable to retail (small) applications.
  • α → 1: Proportional allocation — allotted shares are proportional to lots subscribed. More favorable to large applications.
  • Historical actual α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0. α varies widely across IPOs, reflecting each issuer's allocation strategy.
Allotment Rate Definition

The "allotment rate" on this page follows the exact HKEX allotment results announcement definition: Allotment rate = total shares allotted to the tier ÷ total valid shares applied in the tier × 100%. This is the official HKEX standard and is fundamentally different from other definitions used elsewhere (e.g. "ratio of applicants who got allotted").

Expected Allotment Lots

Expected allotment lots = total shares allotted to the tier ÷ lot size ÷ number of applicants in the tier

Example: a tier with 50,000 total allotted shares, 100 shares per lot, and 500 applicants → expected allotment lots = 50,000 ÷ 100 ÷ 500 = 1.0 lots.

// About this page //

This page shows expected-lot forecasts for Geekplus-W (02590): expected hit rate based on similar-IPO matching and Pool A/B capital-efficiency comparison.
The default oversubscription multiple follows the chain recent first-day return → participant count → average lots per participant → multiple, i.e. multiple = participants × average lots ÷ public-offer lots; participant count and average lots are anchored on the recent IPO median and adjusted by offering size, A+H status, H-share premium/discount, industry, concurrent IPOs, sponsor track record and recent HSI moves.
Early in the subscription window the default multiple relies on the model; as subscription progresses it blends in the margin multiple; near the deadline (roughly 90% through) it follows the margin multiple.
Hit-rate forecasts fit 10,897 allotment-tier records across 356 historical IPOs via regression and KNN similar-IPO matching, estimating expected lots per application tier and applying the allocation-strategy coefficient α (equal-per-person to proportional allocation).
Data sources: HKEXnews public-offer allotment result announcements, prospectuses and FINI announcements; margin data (margin multiple, TradeGo forecast multiple and broker breakdown) comes from 捷利交易宝 (TradeGo), where the margin multiple covers only reporting brokers and the TradeGo forecast multiple is a full-market extrapolation.
The margin multiple updates intraday in real time; the hit-rate model is refreshed as new IPO allotment data is ingested.

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