Alsco Pooling 02649Expected Lots

Alsco Pooling (02649) Expected Lots
Offering Mechanism: Mechanism B | Min Subscription: HK$5,500  |  Public Offering Lots: Pool A 2,034lots / Pool B 2,034lots  |  Offer Price: HK$11.00  |  Lot Size: 500shares  |  Public Offering Size: HK$22.4M
1x44694.0x
Recent first-day return
+4.6%
→
Participants
18,215
→
Avg lots
67.9
→
Oversubscription
304x
304x = 18,215 × 67.9 ÷ 4,068 margin-weighted 100% → 5252.8x
Margin dynamics · 2026-03-04 22:05 Margin multiple4103.74x Margin funds1168.6100M TradeGo forecast multiple5252.79x
Rank Broker Margin funds
1 富途证券富途 767.1100M
2 辉立证券辉立 150.0100M
3 老虎国际老虎 147.9100M
4 华泰国际华泰 44.6100M
5 华盛证券华盛 18.0100M
6 盈立证券盈立 12.1100M
7 信诚证券信诚 10.0100M
8 致富证券致富 7.6100M
9 长桥证券长桥 6.7100M
Margin multiple
TimeMultiple
2026-02-27T06:00:00+08:000
2026-02-27T10:22:19+08:000.2847612359550562
2026-02-27T10:22:43+08:000.5063202247191011
2026-02-27T10:23:08+08:001.5245786516853932
2026-02-27T11:15:47+08:001.7212078651685394
2026-02-27T11:16:46+08:001.791432584269663
2026-02-27T11:16:55+08:003.044943820224719
2026-02-27T11:17:04+08:003.990870786516854
2026-02-27T11:17:25+08:0015.542837078651685
2026-02-27T12:05:54+08:0015.597612359550562
2026-02-27T12:06:43+08:0015.770716292134832
2026-02-27T12:07:17+08:0019.001404494382022
2026-02-27T12:07:34+08:0019.732092696629213
2026-02-27T12:07:50+08:0028.194171348314608
2026-02-27T13:43:51+08:0028.2563202247191
2026-02-27T13:44:18+08:0028.312851123595507
2026-02-27T13:45:18+08:0031.202598314606742
2026-02-27T13:45:35+08:0032.11797752808989
2026-02-27T13:46:19+08:0041.49297752808989
2026-02-27T13:46:30+08:0041.598314606741575
2026-02-27T14:31:30+08:0042.651685393258425
2026-02-27T14:31:47+08:0042.715941011235955
2026-02-27T14:32:23+08:0042.76615168539326
2026-02-27T14:32:42+08:0044.960323033707866
2026-02-27T14:32:58+08:0045.86446629213483
2026-02-27T14:33:20+08:0053.0625
2026-02-27T15:23:10+08:0053.12851123595506
2026-02-27T15:23:48+08:0053.54950842696629
2026-02-27T15:24:17+08:0058.747191011235955
2026-02-27T15:24:21+08:0058.762289325842694
2026-02-27T15:24:51+08:0068.87464887640449
2026-02-27T16:07:55+08:0068.96875
2026-02-27T16:08:19+08:0069.44452247191012
2026-02-27T16:08:43+08:0070.70751404494382
2026-02-27T16:09:14+08:0083.4181882022472
2026-02-27T17:19:30+08:0084.12043539325843
2026-02-27T17:19:45+08:0084.20189606741573
2026-02-27T17:20:10+08:0085.5252808988764
2026-02-27T17:20:34+08:0086.51158707865169
2026-02-27T17:20:54+08:0086.50526685393258
2026-02-27T17:21:19+08:0097.1443117977528
2026-02-27T17:21:37+08:00106.62464887640449
2026-02-27T18:01:49+08:00109.84058988764045
2026-02-27T18:02:12+08:00110.07373595505618
2026-02-27T18:05:14+08:00116.25351123595506
2026-02-27T18:05:37+08:00117.80793539325843
2026-02-27T18:05:53+08:00117.85884831460675
2026-02-27T18:07:02+08:00125.40800561797752
2026-02-27T21:57:28+08:00125.44311797752809
2026-02-27T21:58:09+08:00125.63623595505618
2026-02-27T21:58:40+08:00125.78370786516854
2026-02-27T21:59:00+08:00125.9880617977528
2026-02-27T22:00:49+08:00130.0635533707865
2026-02-27T22:01:43+08:00132.25421348314606
2026-02-27T22:03:02+08:00140.61095505617976
2026-02-27T22:03:20+08:00148.05477528089887
2026-02-27T22:03:51+08:00149.42626404494382
2026-02-27T22:03:56+08:00149.63202247191012
2026-02-27T22:06:53+08:00155.67134831460675
2026-02-28T09:49:42+08:00158.50702247191012
2026-02-28T09:49:59+08:00158.50702247191012
2026-02-28T09:50:18+08:00164.15273876404495
2026-02-28T09:50:27+08:00189.78476123595505
2026-02-28T09:50:35+08:00192.22787921348313
2026-02-28T09:50:52+08:00192.8181179775281
2026-02-28T09:51:10+08:00193.7191011235955
2026-02-28T09:51:18+08:00194.65308988764045
2026-02-28T09:51:27+08:00197.84831460674158
2026-02-28T09:51:44+08:00202.06179775280899
2026-02-28T10:10:30+08:00202.12710674157304
2026-02-28T10:10:38+08:00202.14290730337078
2026-02-28T10:10:56+08:00203.9754213483146
2026-02-28T10:11:04+08:00209.87429775280899
2026-02-28T11:07:14+08:00209.90554775280899
2026-02-28T11:07:36+08:00210.0807584269663
2026-02-28T11:07:55+08:00212.05442415730337
2026-02-28T11:08:32+08:00218.65554775280899
2026-02-28T14:20:53+08:00219.35779494382024
2026-02-28T14:21:33+08:00219.47366573033707
2026-02-28T14:22:45+08:00219.91046348314606
2026-02-28T14:24:43+08:00223.69803370786516
2026-02-28T14:26:13+08:00233.77528089887642
2026-02-28T14:26:31+08:00238.23455056179776
2026-02-28T18:04:54+08:00238.3370786516854
2026-02-28T18:06:15+08:00238.80547752808988
2026-02-28T18:07:03+08:00243.17064606741573
2026-02-28T18:07:43+08:00243.29459269662922
2026-02-28T18:11:24+08:00253.93363764044943
2026-02-28T18:11:42+08:00256.2510533707865
2026-02-28T20:37:48+08:00256.250702247191
2026-02-28T20:38:42+08:00256.4655898876405
2026-02-28T20:40:08+08:00256.73384831460675
2026-02-28T20:41:15+08:00257.6818820224719
2026-02-28T20:41:37+08:00259.12148876404495
2026-02-28T22:02:44+08:00259.4497893258427
2026-02-28T22:03:01+08:00259.8957162921348
2026-02-28T22:03:32+08:00262.283356741573
2026-02-28T22:03:51+08:00263.6945224719101
2026-02-28T22:07:25+08:00266.4683988764045
2026-03-01T08:53:31+08:00267.1113061797753
2026-03-01T08:53:48+08:00267.8314606741573
2026-03-01T08:54:27+08:00282.6488764044944
2026-03-01T09:01:39+08:00282.66081460674155
2026-03-01T09:02:42+08:00282.966643258427
2026-03-01T09:04:03+08:00283.0761938202247
2026-03-01T09:04:40+08:00283.7043539325843
2026-03-01T09:05:39+08:00287.67205056179773
2026-03-01T12:01:01+08:00287.55969101123594
2026-03-01T12:01:16+08:00289.40976123595505
2026-03-01T12:03:00+08:00289.4406601123595
2026-03-01T12:03:04+08:00289.4459269662921
2026-03-01T12:03:08+08:00289.4866573033708
2026-03-01T12:16:54+08:00289.55969101123594
2026-03-01T12:17:05+08:00289.69206460674155
2026-03-01T12:17:25+08:00289.80898876404495
2026-03-01T12:17:57+08:00290.1004213483146
2026-03-01T12:19:39+08:00294.4543539325843
2026-03-01T12:19:43+08:00297.1931179775281
2026-03-01T12:19:48+08:00300.1425561797753
2026-03-01T18:07:07+08:00300.23455056179773
2026-03-01T18:07:13+08:00301.4448735955056
2026-03-01T18:07:17+08:00302.6457162921348
2026-03-01T18:07:21+08:00302.77879213483146
2026-03-01T18:07:25+08:00304.4947331460674
2026-03-01T18:07:28+08:00305.64080056179773
2026-03-01T18:07:49+08:00305.6365870786517
2026-03-01T18:07:55+08:00305.45786516853934
2026-03-01T18:07:59+08:00305.54740168539325
2026-03-01T18:08:03+08:00305.5761938202247
2026-03-01T18:08:07+08:00305.6323735955056
2026-03-01T18:11:45+08:00305.6769662921348
2026-03-01T18:11:50+08:00305.6980337078652
2026-03-01T18:11:54+08:00305.74648876404495
2026-03-01T18:11:58+08:00305.74754213483146
2026-03-01T18:12:02+08:00305.9178370786517
2026-03-01T18:12:07+08:00305.9185393258427
2026-03-01T18:12:27+08:00305.93398876404495
2026-03-01T18:12:31+08:00305.94733146067415
2026-03-01T18:12:35+08:00305.96594101123594
2026-03-01T18:12:40+08:00305.99543539325845
2026-03-01T18:12:44+08:00306.0066713483146
2026-03-01T18:12:48+08:00306.0238764044944
2026-03-01T18:17:13+08:00309.9564606741573
2026-03-01T18:17:17+08:00313.2219101123595
2026-03-01T18:17:21+08:00317.8918539325843
2026-03-01T18:17:24+08:00321.85955056179773
2026-03-01T18:17:28+08:00327.1615168539326
2026-03-01T18:17:31+08:00332.42837078651684
2026-03-01T20:17:11+08:00333.5842696629214
2026-03-01T20:17:28+08:00334.50877808988764
2026-03-01T20:18:07+08:00339.4947331460674
2026-03-01T20:18:16+08:00342.05793539325845
2026-03-01T20:18:55+08:00342.08497191011236
2026-03-01T20:19:12+08:00342.1070926966292
2026-03-01T20:20:05+08:00342.12640449438203
2026-03-01T22:37:47+08:00345.5323033707865
2026-03-01T22:37:58+08:00350.6938202247191
2026-03-01T22:38:53+08:00350.7742275280899
2026-03-01T22:40:06+08:00352.78370786516854
2026-03-01T22:40:27+08:00355.3700842696629
2026-03-01T22:41:52+08:00355.377106741573
2026-03-02T08:41:44+08:00355.37851123595505
2026-03-02T08:43:14+08:00381.747893258427
2026-03-02T08:44:21+08:00382.1074438202247
2026-03-02T08:44:25+08:00387.4122191011236
2026-03-02T08:44:48+08:00387.4122191011236
2026-03-02T09:04:09+08:00387.5477528089888
2026-03-02T09:05:15+08:00388.00280898876406
2026-03-02T09:05:50+08:00390.9940308988764
2026-03-02T09:06:18+08:00400.96594101123594
2026-03-02T09:08:58+08:00412.29213483146066
2026-03-02T09:29:38+08:00417.20786516853934
2026-03-02T10:16:25+08:00425.1748595505618
2026-03-02T10:16:45+08:00457.93469101123594
2026-03-02T10:17:40+08:00458.54143258426967
2026-03-02T10:18:43+08:00458.7636938202247
2026-03-02T11:08:27+08:00462.61306179775283
2026-03-02T11:08:55+08:00463.5719803370786
2026-03-02T11:09:13+08:00463.57233146067415
2026-03-02T11:09:44+08:00491.6622191011236
2026-03-02T11:10:36+08:00502.968047752809
2026-03-02T11:56:51+08:00506.30372191011236
2026-03-02T12:05:03+08:00507.84726123595505
2026-03-02T12:05:30+08:00508.2373595505618
2026-03-02T12:06:23+08:00512.4002808988764
2026-03-02T12:06:56+08:00514.4691011235955
2026-03-02T12:07:22+08:00539.3286516853933
2026-03-02T13:47:46+08:00540.0983146067416
2026-03-02T13:48:13+08:00540.3876404494382
2026-03-02T13:48:56+08:00541.1260533707865
2026-03-02T13:49:16+08:00543.9761235955057
2026-03-02T13:49:45+08:00563.2176966292135
2026-03-02T13:50:24+08:00565.3244382022472
2026-03-02T14:03:36+08:00565.7408707865169
2026-03-02T14:04:08+08:00566.593047752809
2026-03-02T14:05:03+08:00573.2988061797753
2026-03-02T14:05:28+08:00592.8212780898876
2026-03-02T14:05:51+08:00593.2018960674158
2026-03-02T14:11:14+08:00602.6411516853933
2026-03-02T14:42:51+08:00612.1214887640449
2026-03-02T15:10:27+08:00613.443820224719
2026-03-02T15:11:04+08:00619.2289325842696
2026-03-02T15:11:26+08:00637.4171348314607
2026-03-02T15:12:02+08:00640.0733848314607
2026-03-02T15:12:35+08:00640.379213483146
2026-03-02T16:15:00+08:00641.9146769662922
2026-03-02T16:16:30+08:00642.4375
2026-03-02T16:16:44+08:00643.2626404494382
2026-03-02T16:17:48+08:00649.4933286516854
2026-03-02T16:18:25+08:00672.0003511235955
2026-03-02T17:03:57+08:00672.1422050561798
2026-03-02T17:04:19+08:00672.6537921348314
2026-03-02T17:04:34+08:00673.3209269662922
2026-03-02T17:05:03+08:00676.5316011235955
2026-03-02T17:05:31+08:00691.8054775280899
2026-03-02T17:55:12+08:00696.7212078651686
2026-03-02T17:55:24+08:00743.4206460674158
2026-03-02T18:12:05+08:00743.3567415730337
2026-03-02T18:12:55+08:00743.5695224719101
2026-03-02T18:13:16+08:00748.658356741573
2026-03-02T18:13:22+08:00749.8412921348314
2026-03-02T18:14:01+08:00768.1699438202247
2026-03-02T18:19:19+08:00775.4241573033707
2026-03-02T20:20:46+08:00775.5684691011236
2026-03-02T20:21:32+08:00775.9329353932584
2026-03-02T20:22:14+08:00776.5635533707865
2026-03-02T20:22:54+08:00783.8283005617977
2026-03-02T20:24:07+08:00796.8549859550562
2026-03-02T20:24:25+08:00811.0754915730337
2026-03-02T22:04:44+08:00811.5832162921348
2026-03-02T22:05:22+08:00812.1369382022472
2026-03-02T22:06:01+08:00820.3226825842696
2026-03-02T22:07:02+08:00836.0530196629213
2026-03-02T22:07:53+08:00854.1709971910112
2026-03-03T08:38:20+08:00855.7545646067416
2026-03-03T08:39:03+08:00865.7945926966293
2026-03-03T08:39:07+08:00884.5073735955057
2026-03-03T08:40:02+08:001016.2840589887641
2026-03-03T08:41:46+08:001016.2840589887641
2026-03-03T09:00:20+08:001020.1825842696629
2026-03-03T09:01:30+08:001025.1004213483145
2026-03-03T09:04:42+08:001042.456109550562
2026-03-03T09:05:46+08:001042.4571629213483
2026-03-03T09:06:14+08:001047.0365168539327
2026-03-03T09:06:36+08:001080.4283707865168
2026-03-03T09:23:38+08:001094.4733146067415
2026-03-03T10:01:37+08:001096.1924157303372
2026-03-03T10:02:40+08:001097.938904494382
2026-03-03T10:04:36+08:001098.4571629213483
2026-03-03T10:05:35+08:001113.2675561797753
2026-03-03T10:06:48+08:001177.8391853932585
2026-03-03T11:10:18+08:001179.0754915730338
2026-03-03T11:10:39+08:001192.8641151685392
2026-03-03T11:11:11+08:001252.8009129213483
2026-03-03T11:11:52+08:001254.3570926966293
2026-03-03T11:12:05+08:001256.3240870786517
2026-03-03T12:02:22+08:001256.993679775281
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2026-03-03T12:04:38+08:001273.183988764045
2026-03-03T12:05:37+08:001323.5
2026-03-03T13:47:13+08:001323.9827949438202
2026-03-03T13:47:37+08:001332.745786516854
2026-03-03T13:48:05+08:001367.1558988764045
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2026-03-03T13:49:57+08:001368.5196629213483
2026-03-03T13:50:30+08:001372.0308988764045
2026-03-03T14:01:03+08:001372.8760533707866
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2026-03-03T14:04:21+08:001393.6267556179776
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2026-03-03T14:05:59+08:001406.310393258427
2026-03-03T14:06:27+08:001452.3426966292134
2026-03-03T15:11:41+08:001453.1127106741574
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2026-03-03T18:07:55+08:001944.9080056179776
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2026-03-03T20:19:48+08:001970.7966994382023
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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
0.58
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
0.69
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 5297.23x and current allocation strategy (Pool A α=0.585, Pool B α=0.685) as the baseline, comparing actual vs predicted expected allotment lots per tier

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

LogoAlsco Pooling 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
5252.8x
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
0.58

Pool B

Oversubscription
5252.8x
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
0.69
Offering Mechanism

Mechanism B

Flexible offering mechanism under HKEX Practice Note 18. Minimum initial allocation to the public offer tranche is 10% of offering shares, with no clawback mechanism. Maximum initial allocation is 60% (as at least 40% of total offering shares must be allocated to the placing tranche, excluding cornerstones).

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 Alsco Pooling (02649): 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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Cibo — HK IPO Allotment Forecasts, Allottee Profiling & Stock Connect