Gon Technology 02768Expected Lots

Gon Technology (02768) Expected Lots
Offering Mechanism: Mechanism B | Min Subscription: HK$7,200  |  Public Offering Lots: Pool A 7,500lots / Pool B 7,500lots  |  Offer Price: HK$36.00  |  Lot Size: 200shares  |  Public Offering Size: HK$108.0M
1x9259.0x
Recent first-day return
+4.6%
→
Participants
10,218
→
Avg lots
34.6
→
Oversubscription
24x
24x = 10,218 × 34.6 ÷ 15,000 A+H secondary · participants ×0.44 H-share discount 11.0% margin-weighted 100% → 1839.2x
Margin dynamics · 2026-01-30 12:41 Margin multiple1839.2055555555555x Margin funds2317.4100M
Rank Broker Margin funds
1 富途证券富途 1429.6100M
2 辉立证券辉立 460.0100M
3 老虎国际老虎 263.9100M
4 华泰国际华泰 65.4100M
5 华盛证券华盛 36.5100M
6 招银国际招银 22.8100M
7 盈立证券盈立 17.6100M
8 信诚证券信诚 15.0100M
9 致富证券致富 9.3100M
Margin multiple
TimeMultiple
2026-01-27T06:00:00+08:000
2026-01-27T10:00:45+08:000.05103174603174603
2026-01-27T10:09:07+08:000.3620634920634921
2026-01-27T10:09:20+08:000.6557142857142857
2026-01-27T11:09:28+08:000.7015079365079365
2026-01-27T11:10:22+08:000.9082539682539682
2026-01-27T11:11:03+08:001.9479365079365079
2026-01-27T11:32:27+08:002.0273015873015874
2026-01-27T11:32:33+08:002.0415873015873016
2026-01-27T12:11:04+08:002.0554761904761905
2026-01-27T12:11:27+08:002.1533333333333333
2026-01-27T12:11:43+08:002.1703968253968253
2026-01-27T12:12:16+08:003.376746031746032
2026-01-27T13:48:51+08:003.384920634920635
2026-01-27T13:48:57+08:003.387777777777778
2026-01-27T13:49:03+08:003.393968253968254
2026-01-27T13:49:36+08:003.3993650793650794
2026-01-27T13:49:51+08:004.26436507936508
2026-01-27T13:50:23+08:005.1056349206349205
2026-01-27T14:07:19+08:005.125873015873016
2026-01-27T14:07:45+08:005.612063492063492
2026-01-27T14:07:56+08:006.6971428571428575
2026-01-27T14:08:21+08:007.101904761904762
2026-01-27T14:09:04+08:007.233730158730158
2026-01-27T15:01:10+08:007.244603174603174
2026-01-27T15:01:12+08:007.256666666666667
2026-01-27T15:01:27+08:007.438650793650794
2026-01-27T15:03:09+08:007.83547619047619
2026-01-27T15:03:52+08:008.007936507936508
2026-01-27T15:06:03+08:008.968253968253968
2026-01-27T15:32:29+08:009.096190476190475
2026-01-27T16:02:47+08:009.157301587301587
2026-01-27T16:02:50+08:009.164761904761905
2026-01-27T16:03:23+08:0010.32968253968254
2026-01-27T16:05:26+08:0012.05984126984127
2026-01-27T17:20:56+08:0012.104603174603175
2026-01-27T17:21:18+08:0012.134761904761906
2026-01-27T17:21:45+08:0012.17484126984127
2026-01-27T17:21:57+08:0015.666904761904762
2026-01-27T17:22:07+08:0017.164920634920634
2026-01-27T17:22:28+08:0020.56968253968254
2026-01-27T17:33:17+08:0020.571825396825396
2026-01-27T17:57:45+08:0020.730555555555554
2026-01-27T18:04:35+08:0020.746269841269843
2026-01-27T18:04:53+08:0020.750396825396827
2026-01-27T18:05:21+08:0023.480555555555554
2026-01-27T18:05:32+08:0023.931825396825396
2026-01-27T18:13:26+08:0024.64920634920635
2026-01-27T20:20:46+08:0024.634761904761906
2026-01-27T20:20:51+08:0025.08293650793651
2026-01-27T20:21:17+08:0026.559126984126983
2026-01-27T20:21:22+08:0026.661507936507938
2026-01-27T20:21:31+08:0027.2334126984127
2026-01-27T20:21:56+08:0027.852460317460316
2026-01-27T21:26:05+08:0027.854126984126985
2026-01-27T21:26:18+08:0027.883809523809525
2026-01-27T21:26:27+08:0028.08238095238095
2026-01-27T21:26:57+08:0029.534761904761904
2026-01-27T22:07:11+08:0029.539444444444445
2026-01-27T22:07:16+08:0029.566190476190478
2026-01-27T22:07:25+08:0029.772142857142857
2026-01-27T22:07:46+08:0031.03404761904762
2026-01-28T08:33:39+08:0031.098650793650794
2026-01-28T08:34:24+08:0044.86849206349206
2026-01-28T08:36:12+08:0045.8886507936508
2026-01-28T08:36:15+08:0047.73404761904762
2026-01-28T08:36:22+08:0047.73404761904762
2026-01-28T09:20:37+08:0047.88015873015873
2026-01-28T09:20:46+08:0048.318333333333335
2026-01-28T09:21:05+08:0048.479285714285716
2026-01-28T09:21:38+08:0054.08246031746032
2026-01-28T09:22:45+08:0055.49420634920635
2026-01-28T10:19:50+08:0055.50888888888889
2026-01-28T10:20:13+08:0055.54238095238095
2026-01-28T10:20:25+08:0056.35968253968254
2026-01-28T10:20:50+08:0059.11642857142857
2026-01-28T10:21:32+08:0068.32277777777777
2026-01-28T10:38:27+08:0068.59698412698413
2026-01-28T11:04:14+08:0068.99404761904762
2026-01-28T11:04:34+08:0070.07
2026-01-28T11:04:53+08:0070.1818253968254
2026-01-28T11:05:20+08:0078.1818253968254
2026-01-28T11:05:30+08:0079.21357142857143
2026-01-28T11:33:00+08:0079.30325396825397
2026-01-28T12:02:13+08:0079.43976190476191
2026-01-28T12:02:25+08:0079.63976190476191
2026-01-28T12:09:03+08:0081.06230158730159
2026-01-28T12:09:41+08:0086.73690476190477
2026-01-28T13:41:05+08:0086.81912698412698
2026-01-28T13:41:20+08:0086.95484126984127
2026-01-28T13:41:26+08:0086.99325396825397
2026-01-28T13:42:10+08:0087.02452380952381
2026-01-28T13:42:20+08:0088.52007936507937
2026-01-28T13:43:04+08:0093.8613492063492
2026-01-28T14:16:46+08:0093.92769841269842
2026-01-28T14:17:06+08:0095.8
2026-01-28T14:17:25+08:0096.505
2026-01-28T14:17:31+08:0098.0129365079365
2026-01-28T14:18:07+08:00105.06849206349206
2026-01-28T14:18:51+08:00107.04277777777777
2026-01-28T14:31:14+08:00107.28119047619047
2026-01-28T15:24:44+08:00109.15357142857142
2026-01-28T15:25:16+08:00109.19579365079365
2026-01-28T15:25:33+08:00118.52912698412699
2026-01-28T15:25:57+08:00118.69698412698413
2026-01-28T15:45:45+08:00118.77063492063492
2026-01-28T16:12:30+08:00118.87436507936508
2026-01-28T16:12:36+08:00118.89753968253969
2026-01-28T16:13:04+08:00121.3386507936508
2026-01-28T16:13:25+08:00131.4338888888889
2026-01-28T16:16:04+08:00131.8307142857143
2026-01-28T16:36:19+08:00131.91698412698412
2026-01-28T17:09:40+08:00131.95873015873016
2026-01-28T17:09:49+08:00132.0286507936508
2026-01-28T17:10:03+08:00134.07031746031745
2026-01-28T17:10:19+08:00141.76873015873016
2026-01-28T17:25:05+08:00143.35603174603173
2026-01-28T17:32:00+08:00143.36246031746032
2026-01-28T17:32:31+08:00161.29896825396824
2026-01-28T18:00:19+08:00161.31071428571428
2026-01-28T18:00:28+08:00161.385
2026-01-28T18:05:45+08:00163.25722222222223
2026-01-28T18:06:00+08:00171.4556349206349
2026-01-28T18:12:02+08:00175.15642857142856
2026-01-28T19:59:40+08:00175.95007936507938
2026-01-28T19:59:54+08:00177.4272222222222
2026-01-28T19:59:59+08:00179.36793650793652
2026-01-28T20:00:14+08:00187.5663492063492
2026-01-28T20:00:28+08:00188.06214285714285
2026-01-28T20:00:47+08:00188.14444444444445
2026-01-28T20:20:06+08:00189.68253968253967
2026-01-28T20:20:20+08:00197.515873015873
2026-01-28T21:34:33+08:00197.56484126984128
2026-01-28T21:35:34+08:00197.59722222222223
2026-01-28T21:35:52+08:00200.555873015873
2026-01-28T21:36:06+08:00207.69873015873017
2026-01-28T21:36:15+08:00207.70357142857142
2026-01-28T22:14:48+08:00207.7686507936508
2026-01-28T22:14:57+08:00209.64119047619047
2026-01-28T22:15:10+08:00217.47452380952382
2026-01-29T08:55:33+08:00223.9425396825397
2026-01-29T08:56:19+08:00223.9425396825397
2026-01-29T08:56:39+08:00224.74285714285713
2026-01-29T08:56:49+08:00280.0444444444444
2026-01-29T08:57:03+08:00293.41238095238094
2026-01-29T09:29:58+08:00293.7211111111111
2026-01-29T09:30:16+08:00293.72849206349207
2026-01-29T09:30:34+08:00296.19666666666666
2026-01-29T09:30:43+08:00314.89507936507937
2026-01-29T09:31:09+08:00319.6569841269841
2026-01-29T09:31:19+08:00320.03515873015874
2026-01-29T10:29:36+08:00322.7726984126984
2026-01-29T10:29:42+08:00323.0650793650794
2026-01-29T10:30:04+08:00330.8257936507936
2026-01-29T10:30:20+08:00360.74642857142857
2026-01-29T10:30:28+08:00360.7942857142857
2026-01-29T11:07:56+08:00361.0372222222222
2026-01-29T11:08:35+08:00361.21507936507936
2026-01-29T11:09:10+08:00369.258253968254
2026-01-29T11:11:22+08:00393.2026984126984
2026-01-29T11:13:43+08:00394.13174603174605
2026-01-29T11:14:51+08:00401.27460317460316
2026-01-29T12:09:27+08:00401.4921428571429
2026-01-29T12:09:45+08:00401.5203968253968
2026-01-29T12:09:57+08:00404.695
2026-01-29T12:10:17+08:00404.7865079365079
2026-01-29T12:10:54+08:00411.2527777777778
2026-01-29T12:11:11+08:00434.5623015873016
2026-01-29T12:36:09+08:00434.8829365079365
2026-01-29T13:41:22+08:00434.98063492063494
2026-01-29T13:42:10+08:00435.23507936507934
2026-01-29T13:42:44+08:00439.481746031746
2026-01-29T13:43:10+08:00457.1563492063492
2026-01-29T14:17:23+08:00458.0329365079365
2026-01-29T14:18:06+08:00458.27238095238096
2026-01-29T14:18:26+08:00465.7165873015873
2026-01-29T14:18:47+08:00483.75626984126984
2026-01-29T15:10:43+08:00483.91714285714284
2026-01-29T15:11:13+08:00484.09960317460315
2026-01-29T15:12:05+08:00489.27698412698413
2026-01-29T15:12:24+08:00506.5785714285714
2026-01-29T15:13:36+08:00517.6896825396825
2026-01-29T16:26:35+08:00517.7423015873015
2026-01-29T16:26:38+08:00517.8761111111111
2026-01-29T16:26:57+08:00518.2103968253969
2026-01-29T16:27:53+08:00523.5867460317461
2026-01-29T16:28:21+08:00550.055
2026-01-29T16:31:51+08:00562.3248412698413
2026-01-29T17:17:12+08:00567.8803968253968
2026-01-29T17:17:25+08:00568.0661904761905
2026-01-29T17:18:02+08:00568.3483333333334
2026-01-29T17:18:51+08:00574.4020634920635
2026-01-29T17:19:04+08:00604.8703174603174
2026-01-29T17:45:53+08:00740.5846031746032
2026-01-29T18:00:04+08:00740.7819047619048
2026-01-29T18:01:21+08:00740.9272222222222
2026-01-29T18:04:14+08:00747.5938888888888
2026-01-29T18:05:50+08:00753.8883333333333
2026-01-29T18:06:16+08:00783.1899206349207
2026-01-29T19:46:53+08:00783.6619841269842
2026-01-29T19:47:11+08:00783.8172222222222
2026-01-29T19:47:34+08:00790.7553174603174
2026-01-29T19:47:52+08:00824.1997619047619
2026-01-29T20:02:46+08:00824.3931746031747
2026-01-29T20:03:32+08:00832.7628571428571
2026-01-29T20:13:35+08:00867.3819047619047
2026-01-29T21:35:16+08:00867.6638095238095
2026-01-29T21:35:44+08:00875.404126984127
2026-01-29T21:36:03+08:00915.0469841269842
2026-01-29T22:06:11+08:00923.2827777777778
2026-01-29T22:06:34+08:00965.7748412698413
2026-01-30T08:52:55+08:00976.0444444444445
2026-01-30T08:53:02+08:00976.0444444444445
2026-01-30T08:53:19+08:001010.1889682539683
2026-01-30T08:53:28+08:001264.0381746031746
2026-01-30T09:00:38+08:001265.561507936508
2026-01-30T09:04:48+08:001276.5218253968253
2026-01-30T09:07:18+08:001373.2599206349207
2026-01-30T10:11:53+08:001383.577380952381
2026-01-30T10:12:16+08:001393.4039682539683
2026-01-30T10:12:22+08:001598.4198412698413
2026-01-30T11:11:14+08:001622.5388888888888
2026-01-30T11:12:54+08:001631.2690476190476
2026-01-30T12:41:00+08:001839.2055555555555
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
0.65
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
0.61
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 2251.85x and current allocation strategy (Pool A α=0.650, Pool B α=0.614) as the baseline, comparing actual vs predicted expected allotment lots per tier

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

LogoGon Technology 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
1839.2x
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
0.65

Pool B

Oversubscription
1839.2x
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
0.61
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 Gon Technology (02768): 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.

Disclaimer

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