Yunji 02670Expected Lots

Yunji (02670) Expected Lots
Offering Mechanism: 18C | Min Subscription: HK$4,780  |  Public Offering Lots: Pool A 3,450lots / Pool B 3,450lots  |  Offer Price: HK$95.60  |  Lot Size: 50shares  |  Public Offering Size: HK$131.9M
1x30319.0x
Recent first-day return
-0.2%
→
Participants
42,025
→
Avg lots
118.3
→
Oversubscription
721x
721x = 42,025 × 118.3 ÷ 6,900 Robot margin-weighted 100% → 5110.9x
Margin dynamics · 2025-10-13 20:31 Margin multiple4259.09x Margin funds1404.7100M TradeGo forecast multiple5110.91x
Rank Broker Margin funds
1 富途证券富途 821.5100M
2 辉立证券辉立 268.0100M
3 老虎国际老虎 123.1100M
4 华泰国际华泰 59.0100M
5 华盛证券华盛 51.5100M
7 耀才证券耀才 22.6100M
8 招银国际招银 18.0100M
9 信诚证券信诚 10.0100M
10 长桥证券长桥 8.0100M
11 盈立证券盈立 7.3100M
12 卓锐证券 7.2100M
13 TradeGo MarketsTradeGo 4.1100M
14 第一上海 1.9100M
15 艾德证券艾德 1.1100M
16 FunderstoneFunderstone 841110K
17 盈宝证券盈宝 597310K
Margin multiple
TimeMultiple
2025-10-08T06:00:00+08:000
2025-10-08T10:08:18+08:000.08762886597938144
2025-10-08T10:08:32+08:000.17070952092177077
2025-10-08T10:08:41+08:003.1725288053365674
2025-10-08T11:15:42+08:003.506064281382656
2025-10-08T11:15:59+08:005.65979381443299
2025-10-08T11:16:14+08:006.61340206185567
2025-10-08T11:16:22+08:0022.16828380836871
2025-10-08T12:07:48+08:0024.928138265615523
2025-10-08T12:07:59+08:0025.783505154639176
2025-10-08T12:08:06+08:0041.27774408732565
2025-10-08T13:40:10+08:0042.391752577319586
2025-10-08T13:40:23+08:0042.911158277744086
2025-10-08T13:40:31+08:0052.31079442086113
2025-10-08T14:10:11+08:0055.04305639781686
2025-10-08T14:10:34+08:0055.25591267434809
2025-10-08T14:10:42+08:0064.17040630685264
2025-10-08T14:12:17+08:0065.64463311097634
2025-10-08T15:10:22+08:0067.44057004244996
2025-10-08T15:10:34+08:0067.96513038204972
2025-10-08T15:10:44+08:0073.45330503335354
2025-10-08T16:07:59+08:0074.09005457853245
2025-10-08T16:08:02+08:0074.69648271679806
2025-10-08T16:08:16+08:0090.44693753790176
2025-10-08T16:08:27+08:0091.44238932686477
2025-10-08T16:08:34+08:0098.810491206792
2025-10-08T17:23:59+08:00117.41297756215889
2025-10-08T17:24:13+08:00118.25469981807156
2025-10-08T17:24:20+08:00248.57610673135233
2025-10-08T17:30:32+08:00263.7368101879927
2025-10-08T18:17:59+08:00282.3271679805943
2025-10-08T18:19:57+08:00288.7307459066101
2025-10-08T18:20:26+08:00289.80897513644635
2025-10-08T18:20:40+08:00337.5348696179503
2025-10-08T20:03:03+08:00341.6704063068526
2025-10-08T20:03:10+08:00372.3859915100061
2025-10-08T20:04:06+08:00380.57155852031536
2025-10-08T20:05:25+08:00408.01243177683443
2025-10-08T22:17:12+08:00414.47938144329896
2025-10-08T22:17:23+08:00447.31746513038206
2025-10-08T22:17:56+08:00453.78502122498486
2025-10-08T22:18:12+08:00487.16889023650697
2025-10-09T08:53:02+08:00491.46422073984235
2025-10-09T08:53:12+08:00491.46422073984235
2025-10-09T08:54:04+08:00501.29805942995756
2025-10-09T08:54:18+08:00616.3374772589448
2025-10-09T09:40:48+08:00640.5946027895694
2025-10-09T09:40:54+08:00645.6309884778653
2025-10-09T09:41:12+08:00668.0991510006064
2025-10-09T09:52:30+08:00688.3417222559127
2025-10-09T10:10:27+08:00712.9930260764099
2025-10-09T10:10:55+08:00716.0533656761673
2025-10-09T10:11:12+08:00720.2947240751971
2025-10-09T11:54:12+08:00747.3414190418436
2025-10-09T11:54:55+08:00751.6294724075198
2025-10-09T11:55:24+08:00754.6334141904184
2025-10-09T12:09:33+08:00786.0767131594906
2025-10-09T12:10:05+08:00789.1825348696179
2025-10-09T13:44:24+08:00789.1770770163736
2025-10-09T13:44:34+08:00794.3714372346877
2025-10-09T13:44:58+08:00823.3587022437841
2025-10-09T13:45:34+08:00829.4229836264402
2025-10-09T14:03:10+08:00844.0788356579745
2025-10-09T14:04:21+08:00849.833232261977
2025-10-09T14:05:16+08:00873.8174651303821
2025-10-09T15:04:39+08:00878.637052759248
2025-10-09T16:03:37+08:00906.6237113402062
2025-10-09T16:04:21+08:00912.4126743480897
2025-10-09T16:05:35+08:00943.1585809581564
2025-10-09T17:07:14+08:00959.4293511218921
2025-10-09T17:07:33+08:001029.3505154639174
2025-10-09T17:07:48+08:001029.3532443905397
2025-10-09T18:02:42+08:001226.4423893268647
2025-10-09T18:03:43+08:001240.8268647665252
2025-10-09T18:04:55+08:001258.1352334748333
2025-10-09T18:06:18+08:001314.2298362644026
2025-10-09T19:58:50+08:001382.7562158884173
2025-10-09T20:00:49+08:001388.7243784111583
2025-10-09T20:01:10+08:001433.7819890842934
2025-10-09T20:01:59+08:001480.1130988477864
2025-10-09T20:11:59+08:001484.17828987265
2025-10-09T20:12:23+08:001520.3820497271074
2025-10-09T21:46:31+08:001524.7504548211036
2025-10-09T21:46:51+08:001561.833535476046
2025-10-09T22:11:10+08:001567.2140691328077
2025-10-09T22:11:34+08:001608.057004244997
2025-10-10T07:19:50+08:001614.3869011522136
2025-10-10T07:20:40+08:001614.3896300788356
2025-10-10T07:20:48+08:001614.3896300788356
2025-10-10T08:25:40+08:001644.7110369921165
2025-10-10T08:26:53+08:001663.6952698605214
2025-10-10T08:27:19+08:001847.9584596725288
2025-10-10T09:03:18+08:001873.4857489387507
2025-10-10T09:06:08+08:001877.372043662826
2025-10-10T09:06:29+08:001907.7540933899334
2025-10-10T10:13:56+08:001911.0827774408733
2025-10-10T10:14:11+08:001914.7255912674348
2025-10-10T10:14:21+08:001951.6267434808974
2025-10-10T10:14:46+08:001981.9481503941784
2025-10-10T11:18:40+08:001988.420254699818
2025-10-10T11:18:57+08:001994.8717404487568
2025-10-10T11:19:07+08:002022.858399029715
2025-10-10T12:09:56+08:002026.0715585203154
2025-10-10T12:10:11+08:002028.0103092783504
2025-10-10T12:10:36+08:002052.146149181322
2025-10-10T13:44:04+08:002054.746513038205
2025-10-10T13:44:21+08:002054.8420254699818
2025-10-10T13:44:56+08:002074.6722255912673
2025-10-10T14:04:04+08:002075.1315949060036
2025-10-10T14:05:08+08:002085.4378411158277
2025-10-10T14:05:36+08:002110.180109157065
2025-10-10T15:08:01+08:002115.967556094603
2025-10-10T15:08:09+08:002141.5285021224986
2025-10-10T16:35:31+08:002166.1798059429957
2025-10-10T16:35:50+08:002169.600363856883
2025-10-10T17:07:47+08:002171.8298969072166
2025-10-10T17:08:21+08:002194.8438447543967
2025-10-10T17:43:32+08:002595.086416009703
2025-10-10T18:08:47+08:002603.531837477259
2025-10-10T18:10:01+08:002606.602486355367
2025-10-10T18:10:20+08:002624.9469375379017
2025-10-10T20:14:59+08:002639.1979987871437
2025-10-10T20:15:17+08:002641.133110976349
2025-10-10T20:15:35+08:002657.749241964827
2025-10-10T20:16:07+08:002660.118556701031
2025-10-10T20:17:08+08:002672.7322619769557
2025-10-10T22:05:13+08:002676.161309884779
2025-10-10T22:05:25+08:002689.714978775015
2025-10-10T22:06:20+08:002693.026986052153
2025-10-10T22:06:37+08:002708.915403274712
2025-10-11T10:34:09+08:002708.764099454215
2025-10-11T10:36:20+08:002707.856276531231
2025-10-11T10:36:38+08:002735.6610066707094
2025-10-11T10:37:17+08:002737.682534869618
2025-10-11T10:37:34+08:002737.712856276531
2025-10-11T10:37:44+08:002744.0803517283202
2025-10-11T10:38:17+08:002745.974833232262
2025-10-11T10:38:32+08:002751.372043662826
2025-10-11T12:20:59+08:002752.214675560946
2025-10-11T12:21:14+08:002759.431170406307
2025-10-11T12:21:29+08:002759.6200727713767
2025-10-11T12:21:45+08:002764.7747119466344
2025-10-11T14:39:50+08:002764.6018799272288
2025-10-11T14:40:07+08:002772.728016979988
2025-10-11T14:40:32+08:002774.7816858702245
2025-10-11T14:40:47+08:002780.330503335355
2025-10-11T16:26:05+08:002782.2067919951487
2025-10-11T16:26:24+08:002786.755003032141
2025-10-11T16:26:43+08:002788.102789569436
2025-10-11T16:27:05+08:002794.5309278350514
2025-10-11T18:14:37+08:002795.330806549424
2025-10-11T18:14:57+08:002799.757731958763
2025-10-11T18:15:13+08:002804.6091570648878
2025-10-11T18:15:18+08:002805.500303214069
2025-10-11T18:15:39+08:002810.382049727107
2025-10-11T19:10:53+08:002812.351728320194
2025-10-11T19:11:09+08:002816.899939357186
2025-10-11T20:31:27+08:002817.472710733778
2025-10-11T20:31:43+08:002821.778350515464
2025-10-11T21:58:16+08:002822.949666464524
2025-10-11T21:59:05+08:002825.254093389933
2025-10-11T22:05:04+08:002826.5106124924196
2025-10-11T22:05:23+08:002831.4833232261976
2025-10-12T13:26:26+08:002831.5691328077623
2025-10-12T13:26:31+08:002834.18526379624
2025-10-12T13:26:35+08:002834.529108550637
2025-10-12T13:26:39+08:002835.3981200727712
2025-10-12T13:26:43+08:002835.8365676167373
2025-10-12T13:26:47+08:002838.324135839903
2025-10-12T13:26:51+08:002839.144026682838
2025-10-12T13:28:58+08:002863.00697392359
2025-10-12T13:29:02+08:002873.1040024257127
2025-10-12T13:29:06+08:002880.8662825955125
2025-10-12T13:29:10+08:002892.691631291692
2025-10-12T13:29:14+08:002908.6406913280775
2025-10-12T13:29:18+08:002937.4763493026076
2025-10-12T17:04:26+08:002938.762583383869
2025-10-12T17:04:37+08:002952.346573681019
2025-10-12T17:04:52+08:002954.3041237113403
2025-10-12T17:05:03+08:002971.76925409339
2025-10-12T17:05:22+08:002974.8201940570043
2025-10-12T17:05:32+08:002998.046391752577
2025-10-12T17:05:49+08:003000.863250454821
2025-10-12T17:06:00+08:003023.7862340812612
2025-10-12T19:20:50+08:003051.3180715585204
2025-10-12T19:21:01+08:003076.6364463311097
2025-10-12T19:21:57+08:003079.029108550637
2025-10-12T19:22:08+08:003080.637355973317
2025-10-12T22:08:03+08:003083.0327471194664
2025-10-12T22:08:13+08:003089.135233474833
2025-10-12T22:08:21+08:003094.934505761067
2025-10-12T22:08:49+08:003126.2868405093996
2025-10-12T22:08:58+08:003163.491206791995
2025-10-12T22:09:07+08:003206.032140691328
2025-10-13T08:39:44+08:003211.267131594906
2025-10-13T08:40:35+08:003211.267131594906
2025-10-13T08:40:57+08:003253.356276531231
2025-10-13T08:41:11+08:003626.703759854457
2025-10-13T09:09:38+08:003647.899332929048
2025-10-13T09:10:03+08:003846.595512431777
2025-10-13T09:50:05+08:003868.7301394784718
2025-10-13T09:50:46+08:004044.5942995755004
2025-10-13T09:50:49+08:004068.851425106125
2025-10-13T09:52:02+08:004131.219830200122
2025-10-13T09:54:33+08:004185.798362644026
2025-10-13T10:13:03+08:004189.553365676167
2025-10-13T20:31:47+08:004259.09
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
0.50
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
0.60
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 5657.2x and current allocation strategy (Pool A α=0.496, Pool B α=0.596) as the baseline, comparing actual vs predicted expected allotment lots per tier

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

LogoYunji 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
5110.9x
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
0.50

Pool B

Oversubscription
5110.9x
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
0.60
Offering Mechanism

18C

HKEX Listing Rule Chapter 18C for specialist technology companies. Mechanisms A and B do not apply. Initial allocation 5%, with clawback: 10x to below 50x → 10%, 50x or above → 20%. At least 50% of total offering shares must be taken up by independent pricing investors in the placing tranche.

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 Yunji (02670): 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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