Gigadevice 03986Expected Lots

Gigadevice (03986) Expected Lots
Offering Mechanism: Mechanism B | Min Subscription: HK$16,200  |  Public Offering Lots: Pool A 14,458lots / Pool B 14,458lots  |  Offer Price: HK$162.00  |  Lot Size: 100shares  |  Public Offering Size: HK$468.4M
1x2134.0x
Recent first-day return
+4.6%
→
Participants
15,764
→
Avg lots
24.5
→
Oversubscription
13x
13x = 15,764 × 24.5 ÷ 28,916 A+H secondary · participants ×0.44 H-share discount 43.3% margin-weighted 100% → 479.5x
Margin dynamics · 2026-01-08 15:53 Margin multiple413.4x Margin funds1936.5100M TradeGo forecast multiple479.54x
Rank Broker Margin funds
1 富途证券富途 1127.7100M
2 辉立证券辉立 508.0100M
3 老虎国际老虎 190.4100M
4 华泰国际华泰 76.6100M
5 华盛证券华盛 19.8100M
6 盈立证券盈立 8.4100M
7 TradeGo MarketsTradeGo 3.2100M
8 信诚证券信诚 1.0100M
9 长桥证券长桥 986210K
Margin multiple
TimeMultiple
2025-12-31T06:00:00+08:000
2025-12-31T10:02:11+08:000.0009606353001451627
2025-12-31T10:04:21+08:000.5079625992656477
2025-12-31T10:05:12+08:000.5090726667235932
2025-12-31T10:05:57+08:000.5218811373921953
2025-12-31T11:05:23+08:000.035415421398685
2025-12-31T11:06:29+08:000.03588506532320041
2025-12-31T11:07:29+08:000.03857484416360687
2025-12-31T11:08:16+08:000.07913500128084706
2025-12-31T12:03:11+08:000.07941251814533344
2025-12-31T12:04:30+08:000.08427973699940228
2025-12-31T12:06:07+08:000.08946716762018615
2025-12-31T12:08:09+08:000.1471052856288959
2025-12-31T13:40:50+08:000.14793783622235504
2025-12-31T13:40:53+08:000.15425668175219878
2025-12-31T13:40:57+08:000.1568183758859192
2025-12-31T13:41:00+08:000.1632226112202203
2025-12-31T14:27:44+08:000.17744001366236872
2025-12-31T14:27:47+08:000.1788062505336863
2025-12-31T14:27:50+08:000.18094099564511998
2025-12-31T14:27:53+08:000.18158141917855009
2025-12-31T14:28:44+08:000.18905302706856802
2025-12-31T14:30:52+08:000.2228460421825634
2025-12-31T15:25:17+08:000.22730765946545983
2025-12-31T15:25:19+08:000.2442788831013577
2025-12-31T15:25:22+08:000.2509606353001452
2025-12-31T15:25:25+08:000.29579028264025276
2025-12-31T15:32:05+08:000.8038596191614721
2025-12-31T16:19:55+08:000.8061651438818205
2025-12-31T16:19:58+08:000.8128682435317223
2025-12-31T16:20:00+08:000.8149602937409274
2025-12-31T16:20:03+08:000.8234992741866621
2025-12-31T16:35:14+08:000.8237127486978055
2025-12-31T17:01:10+08:000.8243531722312356
2025-12-31T17:03:54+08:000.8268081291093844
2025-12-31T17:05:15+08:000.826850824011613
2025-12-31T17:05:46+08:000.8439287849030825
2025-12-31T18:08:14+08:000.8481982751259499
2025-12-31T18:10:02+08:000.8482196225770643
2025-12-31T18:11:02+08:000.8525318077021604
2025-12-31T18:12:34+08:000.8569934249850568
2025-12-31T18:19:47+08:000.8612629152079242
2025-12-31T19:58:30+08:000.8620954658013833
2025-12-31T19:59:35+08:000.8629707112970711
2025-12-31T20:00:21+08:000.8736444368542396
2025-12-31T20:07:02+08:000.8771881137392196
2025-12-31T20:07:40+08:000.8765690376569037
2025-12-31T21:37:42+08:000.8766757749124755
2025-12-31T21:38:19+08:000.8773161984459056
2025-12-31T21:39:04+08:000.8730467082230382
2025-12-31T22:13:24+08:000.8747118094099564
2026-01-01T09:22:17+08:000.8723208948851507
2026-01-01T09:23:26+08:000.879493638459568
2026-01-01T09:26:34+08:000.8781274015882503
2026-01-01T09:27:02+08:000.8781274015882503
2026-01-01T09:28:06+08:000.8994748527025873
2026-01-01T09:28:37+08:000.9016095978140211
2026-01-01T10:07:38+08:000.9017376825207071
2026-01-01T10:08:35+08:000.9038724276321407
2026-01-01T13:17:04+08:000.9051746221501152
2026-01-01T13:18:19+08:000.907693621381607
2026-01-01T13:20:41+08:000.9083980872683801
2026-01-01T16:21:32+08:000.9090598582529246
2026-01-01T16:22:40+08:000.9124541029801042
2026-01-01T16:24:08+08:000.9132226112202203
2026-01-01T18:19:16+08:000.9135428229869353
2026-01-01T18:19:32+08:000.9140338143625651
2026-01-01T18:21:03+08:000.921377337545897
2026-01-01T20:37:58+08:000.9215908120570404
2026-01-01T20:39:33+08:000.9244513705063615
2026-01-01T22:13:25+08:000.9258816497310222
2026-01-01T22:16:15+08:000.9280163948424558
2026-01-01T22:16:47+08:000.9301511399538895
2026-01-02T08:53:08+08:000.929041072495944
2026-01-02T08:56:12+08:000.9293826317137733
2026-01-02T08:56:17+08:000.9318375885919221
2026-01-02T08:58:44+08:000.9339723337033559
2026-01-02T08:59:49+08:000.9339723337033559
2026-01-02T09:03:24+08:000.9340363760566989
2026-01-02T09:05:00+08:000.9445179745538382
2026-01-02T09:05:54+08:000.9423832294424046
2026-01-02T10:11:18+08:000.9427034412091196
2026-01-02T10:11:21+08:000.9511783793015114
2026-01-02T10:11:23+08:000.9541029801041756
2026-01-02T10:11:27+08:000.9434292545470071
2026-01-02T11:18:36+08:000.9597387071983605
2026-01-02T11:19:44+08:000.9620655793698233
2026-01-02T11:22:51+08:000.9626419605499104
2026-01-02T11:25:42+08:000.9882589018871146
2026-01-02T12:12:22+08:000.9898599607206899
2026-01-02T12:13:26+08:000.9802963026214669
2026-01-02T12:14:25+08:000.9809580736060114
2026-01-02T12:15:27+08:000.9852275638288789
2026-01-02T13:51:06+08:000.9851848689266501
2026-01-02T13:52:20+08:000.9889633677738878
2026-01-02T13:53:13+08:000.9953676031081888
2026-01-02T13:54:15+08:000.996072068994962
2026-01-02T14:05:58+08:001.0034582870805226
2026-01-02T14:06:55+08:001.0137264110665187
2026-01-02T14:10:11+08:001.0138971906754333
2026-01-02T14:11:18+08:001.0267056613440355
2026-01-02T14:12:07+08:001.0044829647340108
2026-01-02T15:29:24+08:001.0053582102296985
2026-01-02T15:30:28+08:001.0064682776876441
2026-01-02T15:31:13+08:001.02141149346768
2026-01-02T15:32:02+08:001.0466014857825976
2026-01-02T16:09:19+08:001.0469216975493125
2026-01-02T16:09:48+08:001.0474767312782853
2026-01-02T16:10:53+08:001.0526001195457262
2026-01-02T16:11:36+08:001.0590043548800274
2026-01-02T17:31:29+08:001.060434634104688
2026-01-02T17:32:14+08:001.1320126376910598
2026-01-02T17:32:29+08:001.1354709247715822
2026-01-02T17:33:13+08:001.1504141405516182
2026-01-02T18:08:11+08:001.1523354111519084
2026-01-02T18:09:47+08:001.153445478609854
2026-01-02T18:17:23+08:001.1569037656903767
2026-01-02T20:53:57+08:001.1637562974980786
2026-01-02T20:54:30+08:001.1640124669114509
2026-01-02T21:06:44+08:001.1657629579028264
2026-01-02T21:07:42+08:001.1670651524208009
2026-01-02T21:10:30+08:001.1691998975322346
2026-01-02T22:23:24+08:001.1698189736145503
2026-01-02T22:24:10+08:001.1709503885236103
2026-01-02T22:25:02+08:001.185893604303646
2026-01-03T08:44:34+08:001.1865340278370762
2026-01-03T08:45:36+08:001.192148407480147
2026-01-03T08:46:02+08:001.192148407480147
2026-01-03T08:47:03+08:001.2583255059345915
2026-01-03T10:44:52+08:001.2708991546409358
2026-01-03T10:46:08+08:001.2750619076082317
2026-01-03T10:48:11+08:001.2914780975151567
2026-01-03T10:48:56+08:001.3042865681837588
2026-01-03T10:49:22+08:001.3085560584066263
2026-01-03T13:36:04+08:001.3093886090000855
2026-01-03T13:36:31+08:001.3109683203825464
2026-01-03T13:37:56+08:001.3062932285885065
2026-01-03T13:39:23+08:001.3212364443685425
2026-01-03T13:39:47+08:001.323371189479976
2026-01-03T16:50:18+08:001.32324310477329
2026-01-03T16:50:29+08:001.3219836051575442
2026-01-03T16:52:07+08:001.3242891298778925
2026-01-03T16:53:26+08:001.3392323456579285
2026-01-03T16:53:57+08:001.362714541883699
2026-01-03T19:03:52+08:001.3628212791392709
2026-01-03T19:04:42+08:001.3637605669883015
2026-01-03T19:05:47+08:001.3676671505422253
2026-01-03T19:07:26+08:001.3804756212108273
2026-01-03T21:50:28+08:001.3812227819998293
2026-01-03T21:51:16+08:001.3833575271112628
2026-01-03T22:13:10+08:001.3865169498761847
2026-01-03T22:13:51+08:001.3876270173341303
2026-01-03T22:14:36+08:001.368414311331227
2026-01-04T08:19:48+08:001.3701648023226027
2026-01-04T08:19:51+08:001.3702074972248313
2026-01-04T08:19:56+08:001.3709333105627188
2026-01-04T08:20:00+08:001.383741781231321
2026-01-04T12:34:24+08:001.3986849970113568
2026-01-04T12:35:40+08:001.3960806079754078
2026-01-04T12:35:44+08:001.396294082486551
2026-01-04T12:35:48+08:001.3964648620954658
2026-01-04T12:35:53+08:001.3965715993510375
2026-01-04T12:36:07+08:001.3967850738621808
2026-01-04T12:36:11+08:001.399901801724874
2026-01-04T12:36:15+08:001.4002006660404747
2026-01-04T12:36:32+08:001.4023354111519084
2026-01-04T12:36:43+08:001.4037443429254548
2026-01-04T15:06:02+08:001.403893775083255
2026-01-04T15:06:06+08:001.3996242848603877
2026-01-04T15:06:10+08:001.399901801724874
2026-01-04T15:06:17+08:001.3992827256425582
2026-01-04T15:06:22+08:001.3958244385620358
2026-01-04T15:06:28+08:001.3958884809153786
2026-01-04T15:06:34+08:001.3966783366066091
2026-01-04T15:06:38+08:001.4041926393988557
2026-01-04T19:03:45+08:001.4105968747331568
2026-01-04T19:04:13+08:001.4107463068909571
2026-01-04T19:04:18+08:001.4107676543420715
2026-01-04T19:04:22+08:001.4109597814021007
2026-01-04T19:04:26+08:001.4111305610110152
2026-01-04T19:21:36+08:001.4119631116044744
2026-01-04T19:21:41+08:001.4137562974980786
2026-01-04T19:21:45+08:001.4140765092647938
2026-01-04T22:13:33+08:001.4125181453334472
2026-01-04T22:24:33+08:001.4125394927845616
2026-01-04T22:24:37+08:001.4150157971138246
2026-01-04T22:24:42+08:001.4150584920160534
2026-01-04T22:24:46+08:001.417193237127487
2026-01-05T08:46:08+08:001.417577491247545
2026-01-05T08:46:12+08:001.4219110238237553
2026-01-05T08:48:22+08:001.4368542396037913
2026-01-05T08:50:00+08:001.438732815301853
2026-01-05T08:51:58+08:001.438732815301853
2026-01-05T09:06:16+08:001.4397361455042268
2026-01-05T09:07:11+08:001.4394799760908548
2026-01-05T09:07:52+08:001.439245154128597
2026-01-05T09:08:41+08:001.8896763726411065
2026-01-05T09:58:41+08:001.9534625565707455
2026-01-05T10:05:09+08:001.9627060029032533
2026-01-05T10:05:54+08:001.9904149944496627
2026-01-05T10:09:06+08:001.9919306634787806
2026-01-05T10:10:02+08:002.0196823499274186
2026-01-05T11:06:40+08:002.0241866621125437
2026-01-05T11:07:16+08:002.0379771155324056
2026-01-05T11:07:55+08:002.1190974297668856
2026-01-05T11:08:43+08:002.1512680385961915
2026-01-05T12:01:22+08:002.1453547946375204
2026-01-05T12:07:43+08:002.149325420544787
2026-01-05T12:08:17+08:002.1550678848945437
2026-01-05T12:09:03+08:002.25113141490906
2026-01-05T13:45:22+08:002.2558492016053284
2026-01-05T13:46:57+08:002.256340192980958
2026-01-05T13:47:26+08:002.299035095209632
2026-01-05T13:48:27+08:002.3014473571855523
2026-01-05T14:01:46+08:002.303411322688071
2026-01-05T14:03:27+08:002.3512296131841857
2026-01-05T14:06:38+08:002.3832507898556914
2026-01-05T14:08:44+08:002.381585688668773
2026-01-05T14:09:15+08:002.386965246349586
2026-01-05T15:10:17+08:002.388310135769789
2026-01-05T15:10:49+08:002.400286055844932
2026-01-05T15:11:17+08:002.5155622918623517
2026-01-05T15:12:39+08:002.530783024506874
2026-01-05T15:14:42+08:002.5327042951071643
2026-01-05T16:10:32+08:002.5350738621808557
2026-01-05T16:11:20+08:002.5478609853983434
2026-01-05T16:12:04+08:002.509435573392537
2026-01-05T16:12:28+08:002.511484928699513
2026-01-05T16:54:27+08:002.5242933993681156
2026-01-05T17:12:41+08:002.5246776534881734
2026-01-05T17:13:12+08:002.535394073947571
2026-01-05T17:13:46+08:002.5546067799504737
2026-01-05T17:14:25+08:002.566902911792332
2026-01-05T18:31:59+08:002.6039834343779353
2026-01-05T18:32:37+08:002.604922722226966
2026-01-05T18:32:42+08:002.607441721458458
2026-01-05T18:33:15+08:002.633058662795662
2026-01-05T18:53:56+08:002.8857911365382973
2026-01-05T20:10:06+08:002.8845956792758947
2026-01-05T20:11:09+08:002.8892067287165912
2026-01-05T20:11:33+08:002.8918751601058834
2026-01-05T20:12:00+08:002.949513278114593
2026-01-05T20:12:04+08:002.9541029801041754
2026-01-05T20:12:32+08:002.998932627444283
2026-01-05T22:17:01+08:002.9992528392109983
2026-01-05T22:17:05+08:002.9994022713687984
2026-01-05T22:18:08+08:003.037315344547861
2026-01-05T22:18:52+08:003.0736060114422337
2026-01-05T22:19:12+08:003.0821449918879686
2026-01-06T08:45:52+08:003.108957390487576
2026-01-06T08:45:56+08:003.1980403039877037
2026-01-06T08:49:11+08:003.1980403039877037
2026-01-06T08:49:42+08:003.810712150969174
2026-01-06T08:50:26+08:003.816774827085646
2026-01-06T09:02:50+08:003.8350055503372897
2026-01-06T09:04:09+08:003.840214328409188
2026-01-06T09:04:34+08:003.839915464093587
2026-01-06T09:06:17+08:003.8441849543164546
2026-01-06T09:07:05+08:003.8465758688412603
2026-01-06T10:18:09+08:003.8904875757834514
2026-01-06T10:20:17+08:003.894052600119546
2026-01-06T10:20:49+08:003.9017803774229356
2026-01-06T10:21:26+08:004.209183673469388
2026-01-06T11:13:02+08:004.2521774400136625
2026-01-06T11:14:23+08:004.272115959354453
2026-01-06T11:14:43+08:004.50693792161216
2026-01-06T11:15:13+08:004.513726411066519
2026-01-06T12:01:37+08:004.524464178977031
2026-01-06T12:06:52+08:004.566091708649987
2026-01-06T12:07:03+08:004.5724105541798306
2026-01-06T12:07:27+08:004.625779181965673
2026-01-06T13:46:36+08:004.6300913670907695
2026-01-06T13:47:00+08:005.234224233626505
2026-01-06T13:47:27+08:005.262659038510802
2026-01-06T13:47:40+08:005.263897190675434
2026-01-06T14:08:39+08:005.280313380582358
2026-01-06T14:08:59+08:005.320766800444027
2026-01-06T14:09:28+08:005.397638971906754
2026-01-06T14:10:43+08:005.643134659721629
2026-01-06T14:11:09+08:005.643156007172744
2026-01-06T15:02:36+08:005.656519511570319
2026-01-06T15:05:37+08:005.871893945862864
2026-01-06T15:05:57+08:006.076829476560499
2026-01-06T16:06:10+08:006.091644607633849
2026-01-06T16:06:35+08:006.1050935018358805
2026-01-06T16:06:57+08:006.643049269917172
2026-01-06T17:03:22+08:006.6486423021091285
2026-01-06T17:04:03+08:007.2966228332337115
2026-01-06T17:25:34+08:008.278605584493212
2026-01-06T17:33:55+08:008.36399538895056
2026-01-06T17:34:36+08:008.402420800956365
2026-01-06T18:13:13+08:008.409657586884126
2026-01-06T18:13:44+08:008.5896379472291
2026-01-06T18:14:21+08:0010.320916232601828
2026-01-06T18:15:13+08:0010.639142686363249
2026-01-06T22:10:42+08:0010.665784305353942
2026-01-06T22:12:34+08:0012.516031935786867
2026-01-06T22:12:51+08:0012.671825634019298
2026-01-06T22:13:41+08:0014.063679446674067
2026-01-06T22:14:01+08:0014.400969174280592
2026-01-07T08:38:24+08:0015.219003500981982
2026-01-07T08:38:36+08:0016.31466142942533
2026-01-07T08:39:04+08:0016.31466142942533
2026-01-07T08:41:34+08:0020.560669456066947
2026-01-07T08:44:40+08:0020.56280420117838
2026-01-07T09:18:54+08:0020.62005806506703
2026-01-07T09:20:10+08:0021.490244214840747
2026-01-07T09:20:37+08:0022.46155324054308
2026-01-07T09:21:15+08:0022.896699684057722
2026-01-07T09:22:36+08:0023.04613184185808
2026-01-07T10:05:26+08:0023.033750320211766
2026-01-07T10:06:01+08:0023.743467679959014
2026-01-07T10:06:25+08:0024.564469302365296
2026-01-07T10:06:49+08:0027.871189479976092
2026-01-07T10:07:11+08:0027.935210485867987
2026-01-07T10:58:32+08:0027.935594739988044
2026-01-07T11:23:45+08:0028.031829049611478
2026-01-07T11:24:28+08:0028.4583084279737
2026-01-07T11:25:01+08:0028.458329775424815
2026-01-07T11:25:27+08:0031.09687473315686
2026-01-07T12:04:39+08:0031.102702587311075
2026-01-07T12:05:06+08:0031.318930919648196
2026-01-07T12:05:21+08:0033.16335069592691
2026-01-07T12:05:32+08:0033.16324395867134
2026-01-07T12:05:46+08:0033.17581760737768
2026-01-07T13:42:29+08:0033.22944240457689
2026-01-07T13:42:33+08:0033.3143198702075
2026-01-07T13:42:36+08:0033.38453163692255
2026-01-07T13:42:53+08:0033.39247288873708
2026-01-07T13:43:59+08:0034.014601656562206
2026-01-07T13:44:14+08:0035.44915037144565
2026-01-07T13:55:22+08:0035.5409444112373
2026-01-07T13:55:42+08:0035.698915549483395
2026-01-07T14:06:42+08:0035.86873452309794
2026-01-07T14:07:17+08:0035.88182051063103
2026-01-07T14:07:38+08:0036.327982238920676
2026-01-07T14:08:01+08:0038.40508923234566
2026-01-07T14:08:13+08:0038.40504653744343
2026-01-07T14:08:51+08:0040.24839894116643
2026-01-07T15:43:12+08:0040.61965246349586
2026-01-07T15:43:28+08:0040.65955084962855
2026-01-07T15:43:44+08:0040.85088805396636
2026-01-07T15:44:01+08:0042.18296900350098
2026-01-07T15:44:27+08:0042.30042267953206
2026-01-07T16:54:17+08:0042.30050806933652
2026-01-07T16:54:21+08:0042.301169840321066
2026-01-07T16:54:24+08:0042.30055076423875
2026-01-07T16:54:33+08:0042.30343267013919
2026-01-07T16:55:20+08:0042.94650328750747
2026-01-07T16:55:40+08:0046.08244385620357
2026-01-07T17:05:56+08:0050.01007599692597
2026-01-07T17:06:26+08:0064.39612330287764
2026-01-07T17:33:43+08:0064.39631542993767
2026-01-07T18:02:52+08:0065.25021347451114
2026-01-07T18:03:29+08:0086.00420544786952
2026-01-07T18:03:41+08:0086.02785842370422
2026-01-07T18:03:59+08:0087.6928101784647
2026-01-07T18:05:02+08:0091.20587481854666
2026-01-07T18:06:38+08:00107.91665955084963
2026-01-07T20:20:47+08:00108.12586457177014
2026-01-07T20:22:37+08:00108.19680215182308
2026-01-07T20:22:51+08:00108.19690888907864
2026-01-07T20:23:41+08:00109.82021176671505
2026-01-07T20:23:55+08:00111.4550209205021
2026-01-07T20:24:45+08:00123.70632311502007
2026-01-07T20:25:02+08:00135.5306762872513
2026-01-07T22:05:55+08:00135.5716420459397
2026-01-07T22:06:13+08:00135.5718982153531
2026-01-07T22:06:30+08:00137.7788831013577
2026-01-07T22:06:46+08:00152.30582358466398
2026-01-07T22:07:02+08:00155.72863120143455
2026-01-07T22:07:17+08:00168.1805994364273
2026-01-07T23:14:43+08:00168.1954999573051
2026-01-07T23:14:47+08:00168.20032448125693
2026-01-07T23:14:51+08:00168.20642985227565
2026-01-07T23:15:11+08:00172.3747545043122
2026-01-08T08:53:16+08:00172.4030825719409
2026-01-08T08:53:25+08:00172.4140765092648
2026-01-08T08:53:46+08:00172.41663820339852
2026-01-08T08:54:06+08:00172.41663820339852
2026-01-08T08:54:23+08:00179.50362906668943
2026-01-08T08:54:35+08:00241.53505251472973
2026-01-08T09:07:14+08:00241.54711382460934
2026-01-08T09:07:23+08:00244.5600076850824
2026-01-08T09:07:33+08:00263.3585731363675
2026-01-08T09:16:53+08:00266.3472162923747
2026-01-08T09:17:34+08:00276.12861839296386
2026-01-08T09:18:49+08:00276.133314832209
2026-01-08T10:04:56+08:00276.12654769020577
2026-01-08T10:05:06+08:00276.1330159678934
2026-01-08T10:05:12+08:00276.1355349671249
2026-01-08T10:05:19+08:00278.17475023482194
2026-01-08T10:05:28+08:00326.1937067714115
2026-01-08T10:18:56+08:00326.1940269831782
2026-01-08T10:37:23+08:00326.20049526086586
2026-01-08T10:49:13+08:00413.2980958073606
2026-01-08T15:53:58+08:00413.4
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
0.68
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 542.22x and current allocation strategy (Pool A α=0.581, Pool B α=0.681) as the baseline, comparing actual vs predicted expected allotment lots per tier

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

LogoGigadevice 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
479.5x
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
479.5x
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
0.68
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 Gigadevice (03986): 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

Site Nature: This website (cibo.hk) is an independent technology product showcase platform established by Panda Securities Limited (“the Company”), dedicated to demonstrating the data analysis capabilities of AI technology products and facilitating research exchange. This website itself and all data analysis content displayed herein do not constitute, and are not involved in, any regulated activity or licensed service requiring approval by the Hong Kong Securities and Futures Commission (“SFC”) under the Securities and Futures Ordinance. Browsing or using the content of this website does not establish any regulated client relationship with the Company.

Not Investment Advice: Any information contained on this website (including but not limited to data analysis charts, statistical results, allotment rate comparisons, etc.) is provided solely for AI tool analysis learning exchange and technical reference purposes, and absolutely does not constitute any investment advice, offer to buy or sell, solicitation, recommendation, guarantee, or endorsement of any investment product or strategy. The output of this AI analysis tool should not be interpreted as investment opinion.

Decision Responsibility: Users should understand that all investment decisions involve risk. Users should make investment decisions based on their own independent judgment, financial situation, investment objectives, and risk tolerance, and consult independent licensed financial advisors or professional advice when needed. Neither the Company nor this AI analysis tool shall bear any responsibility for any investment decisions or actions made by users based on the information on this website.

Technical Limitations: This AI analysis tool is algorithm-driven and data-based. Its analysis results are limited by model capability, data quality, market conditions, and other factors. Past analysis results are not reliable indicators of future performance. The Company does not guarantee the accuracy, completeness, timeliness, or suitability of the analysis results of this tool. All analysis results are automatically generated by AI algorithms, and have not been manually reviewed or verified by the publisher. Analysis charts, statistical data, and trend assessments may contain errors or biases.

Data Sources: The data on this page is sourced from publicly disclosed documents published by HKEX News and other institutions. The relevant institutions make no warranty regarding the accuracy, timeliness, or completeness of such data, nor do they endorse the analysis conclusions derived from such data.

Separation from Panda Securities Official Website: The content of this website is strictly distinct from the SFC-regulated securities and futures trading services, investment advisory, and other licensed activities provided by Panda Securities' official website (fafa.hk). No securities trading or account opening or other regulated operations can be conducted through this website.

Panda Securities Limited is a licensed corporation regulated by the Hong Kong Securities and Futures Commission (CE Number: BNC380) and a Hong Kong Exchange Participant (Participant ID: 02229). The publisher of this website shall not be liable for any direct or indirect losses arising from the use of this website or its analysis results. Use of this website constitutes acceptance of this disclaimer.

Cibo — HK IPO Allotment Forecasts, Allottee Profiling & Stock Connect