Margin dynamics Margin multiple214.6x Margin funds386.3100M TradeGo forecast multiple248.93x
Rank Broker Margin funds
1 富途证券富途 257.2100M
2 辉立证券辉立 55.0100M
3 老虎国际老虎 35.6100M
4 华泰国际华泰 17.3100M
5 华盛证券华盛 6.0100M
6 长桥证券长桥 4.1100M
7 信诚证券信诚 3.0100M
8 卓锐证券 2.9100M
9 盈立证券盈立 2.6100M
11 TradeGo MarketsTradeGo 1.7100M
12 艾德证券艾德 678410K
13 盈宝证券盈宝 82810K
14 FunderstoneFunderstone 40510K
Margin multiple
TimeMultiple
2025-12-18T06:00:00+08:000
2025-12-18T10:25:57+08:000.002666518526748514
2025-12-18T11:09:57+08:000.24104216432420422
2025-12-18T11:11:31+08:000.9632242653185934
2025-12-18T11:35:16+08:001.018776734625854
2025-12-18T12:03:38+08:002.7816232431531582
2025-12-18T12:05:48+08:002.9345591911560467
2025-12-18T12:06:19+08:004.190044997500139
2025-12-18T13:48:48+08:004.495583578690073
2025-12-18T13:49:30+08:004.5517471251597135
2025-12-18T13:50:18+08:004.564468640631076
2025-12-18T14:03:56+08:004.669351702683184
2025-12-18T14:04:31+08:004.670962724293095
2025-12-18T14:06:10+08:005.126492972612633
2025-12-18T14:09:06+08:005.3089272818176765
2025-12-18T14:48:36+08:005.364479751124938
2025-12-18T15:31:55+08:005.388256207988445
2025-12-18T15:32:27+08:005.388478417865674
2025-12-18T15:33:44+08:005.966224098661185
2025-12-18T16:57:18+08:005.966446308538415
2025-12-18T16:58:02+08:005.968835064718626
2025-12-18T16:58:46+08:006.1132714849175045
2025-12-18T17:01:07+08:006.1203266485195265
2025-12-18T17:05:34+08:006.1678240097772346
2025-12-18T17:06:55+08:006.8011221598800065
2025-12-18T17:34:46+08:007.38997833453697
2025-12-18T18:11:08+08:007.528859507805122
2025-12-18T18:11:37+08:007.52930392755958
2025-12-18T18:12:23+08:007.666518526748514
2025-12-18T18:13:46+08:008.449808343980889
2025-12-18T18:17:47+08:009.111771568246208
2025-12-18T20:25:22+08:009.11193822565413
2025-12-18T20:26:11+08:009.203322037664574
2025-12-18T20:27:11+08:0010.179156713515916
2025-12-18T20:27:37+08:0010.226598522304316
2025-12-18T20:28:27+08:0010.704349758346758
2025-12-18T20:28:44+08:0010.893228153991444
2025-12-18T21:38:09+08:0010.966835175823565
2025-12-18T21:38:41+08:0010.980278873395923
2025-12-18T21:39:14+08:0011.113604799733348
2025-12-18T22:06:14+08:0011.17621243264263
2025-12-18T22:06:48+08:0011.267540692183768
2025-12-18T22:07:17+08:0011.345314149213932
2025-12-19T08:38:56+08:0011.454752513749236
2025-12-19T08:40:31+08:0012.499138936725737
2025-12-19T08:42:44+08:0012.698794511416033
2025-12-19T08:46:43+08:0012.698794511416033
2025-12-19T09:03:26+08:0012.718626742958724
2025-12-19T09:04:02+08:0012.59096716849064
2025-12-19T09:06:53+08:0012.54291428253986
2025-12-19T09:07:27+08:0012.292928170657186
2025-12-19T09:10:25+08:0012.511027165157492
2025-12-19T09:39:38+08:0012.788789511693794
2025-12-19T10:14:28+08:0012.792455974668075
2025-12-19T10:15:36+08:0012.746847397366812
2025-12-19T10:15:58+08:0012.78745625243042
2025-12-19T10:16:20+08:0013.49297261263263
2025-12-19T11:08:05+08:0013.452085995222488
2025-12-19T11:08:53+08:0013.51369368368424
2025-12-19T11:11:01+08:0014.158102327648464
2025-12-19T12:04:36+08:0012.708127326259651
2025-12-19T12:04:39+08:0012.710238320093328
2025-12-19T12:05:40+08:0012.721904338647853
2025-12-19T12:06:47+08:0013.749625020832177
2025-12-19T13:42:15+08:0013.77390144991945
2025-12-19T13:43:29+08:0013.79556691294928
2025-12-19T13:44:05+08:0014.201099938892284
2025-12-19T13:44:27+08:0014.256652408199544
2025-12-19T14:09:27+08:0014.27581801011055
2025-12-19T14:10:00+08:0014.30803844230876
2025-12-19T14:10:24+08:0014.469140603299817
2025-12-19T14:11:03+08:0014.428253985889674
2025-12-19T14:13:36+08:0014.535414699183379
2025-12-19T15:08:31+08:0014.56074662518749
2025-12-19T15:09:06+08:0014.587856230209432
2025-12-19T15:09:28+08:0014.898950058330092
2025-12-19T16:00:49+08:0014.931948225098605
2025-12-19T16:01:13+08:0015.431920448863952
2025-12-19T16:04:14+08:0015.425365257485696
2025-12-19T16:04:45+08:0015.473862563190934
2025-12-19T16:05:45+08:0015.73495916893506
2025-12-19T17:03:25+08:0015.710682739847787
2025-12-19T17:03:54+08:0015.735014721404367
2025-12-19T17:05:02+08:0016.529581689906117
2025-12-19T17:05:52+08:0020.423809788345093
2025-12-19T17:37:41+08:0020.701572134881395
2025-12-19T17:38:29+08:0021.679295594689183
2025-12-19T18:10:03+08:0021.67874006999611
2025-12-19T18:10:47+08:0021.915393589245042
2025-12-19T18:11:17+08:0022.33525915226932
2025-12-19T18:11:53+08:0025.112882617632355
2025-12-19T18:21:14+08:0026.043108716182434
2025-12-19T20:20:17+08:0026.043942003222043
2025-12-19T20:21:03+08:0026.100438864507527
2025-12-19T20:21:20+08:0026.36059107827343
2025-12-19T20:21:56+08:0027.338314538081217
2025-12-19T20:22:32+08:0027.462918726737403
2025-12-19T20:22:52+08:0027.663074273651464
2025-12-19T20:23:21+08:0028.41858785623021
2025-12-19T22:20:34+08:0028.427754013665908
2025-12-19T22:20:48+08:0028.430253874784736
2025-12-19T22:21:17+08:0028.55158046775179
2025-12-19T22:21:37+08:0028.61063274262541
2025-12-19T22:22:09+08:0029.39947780678851
2025-12-19T22:22:26+08:0030.110549413921447
2025-12-19T23:05:50+08:0030.677795678017887
2025-12-19T23:06:29+08:0030.729626131881563
2025-12-20T10:12:34+08:0030.91383812010444
2025-12-20T10:20:21+08:0031.425531914893618
2025-12-20T10:25:02+08:0034.38647852897061
2025-12-20T10:25:06+08:0034.792011554913614
2025-12-20T10:25:10+08:0037.00299983334259
2025-12-20T10:29:06+08:0037.345425254152545
2025-12-20T10:29:10+08:0037.347036275762456
2025-12-20T10:33:56+08:0037.347036275762456
2025-12-20T12:34:45+08:0037.34442530970502
2025-12-20T12:34:49+08:0037.41847675129159
2025-12-20T12:37:23+08:0038.407310704960835
2025-12-20T12:37:50+08:0038.69062829842787
2025-12-20T12:40:08+08:0038.6970168323982
2025-12-20T12:40:33+08:0038.722959835564694
2025-12-20T12:41:12+08:0038.72929281706572
2025-12-20T12:41:20+08:0038.740903283150935
2025-12-20T15:51:27+08:0038.75073607021832
2025-12-20T15:51:55+08:0038.751069385034164
2025-12-20T15:53:06+08:0038.79162268762847
2025-12-20T15:53:10+08:0038.755069162824284
2025-12-20T15:53:14+08:0038.765957446808514
2025-12-20T15:56:05+08:0039.01038831176046
2025-12-20T15:56:09+08:0039.50480528859508
2025-12-20T15:56:13+08:0039.79367812899283
2025-12-20T15:58:08+08:0039.79428920615521
2025-12-20T15:58:12+08:0039.799011166046334
2025-12-20T15:58:16+08:0039.798788956169105
2025-12-20T16:00:46+08:0039.822454308093995
2025-12-20T21:43:27+08:0039.8836731292706
2025-12-20T21:43:32+08:0039.8959502249875
2025-12-20T21:43:38+08:0039.89939447808455
2025-12-20T21:43:43+08:0039.90706071884895
2025-12-20T21:43:48+08:0039.908560635520246
2025-12-20T21:49:37+08:0039.989556135770236
2025-12-20T21:49:42+08:0040.00144436420199
2025-12-20T21:49:52+08:0040.056107994000335
2025-12-20T21:49:57+08:0040.15171379367813
2025-12-20T21:50:02+08:0040.157657907894006
2025-12-20T21:50:08+08:0040.154102549858344
2025-12-20T21:53:08+08:0040.51519360035554
2025-12-20T21:53:13+08:0040.95961335481362
2025-12-20T21:53:17+08:0041.448475084717515
2025-12-20T21:53:22+08:0042.12065996333537
2025-12-20T21:53:26+08:0042.181767679573355
2025-12-20T21:53:32+08:0042.6595189156158
2025-12-20T21:57:25+08:0042.660407755124716
2025-12-20T21:57:33+08:0042.66362979834454
2025-12-20T21:57:37+08:0042.68035109160602
2025-12-20T22:05:48+08:0042.67751791567135
2025-12-20T22:08:11+08:0043.10282762068774
2025-12-20T22:08:54+08:0043.375034720293314
2025-12-21T10:05:30+08:0043.40564413088162
2025-12-21T10:06:36+08:0044.421032164879726
2025-12-21T10:08:46+08:0044.46358535636909
2025-12-21T10:09:34+08:0046.046830731626024
2025-12-21T10:10:02+08:0046.346814065885226
2025-12-21T10:10:19+08:0047.15232487084051
2025-12-21T12:23:20+08:0047.15621354369202
2025-12-21T12:23:45+08:0047.206488528415086
2025-12-21T12:24:42+08:0047.45936336870174
2025-12-21T12:25:12+08:0047.67046275206933
2025-12-21T12:25:33+08:0048.06488528415088
2025-12-21T16:30:51+08:0048.09088383978668
2025-12-21T16:32:19+08:0048.122437642353205
2025-12-21T16:33:26+08:0048.38131214932504
2025-12-21T16:35:00+08:0049.686795178045664
2025-12-21T16:35:23+08:0050.114549191711575
2025-12-21T18:12:37+08:0050.1178267874007
2025-12-21T18:12:57+08:0050.11904894172546
2025-12-21T18:13:05+08:0050.11943780901061
2025-12-21T18:13:58+08:0050.30314982500972
2025-12-21T18:14:35+08:0050.49758346758514
2025-12-21T18:14:55+08:0050.464251986000775
2025-12-21T20:08:36+08:0050.46452974834732
2025-12-21T20:08:59+08:0050.48058441197711
2025-12-21T20:09:12+08:0050.49602799844453
2025-12-21T20:09:39+08:0050.78490083884228
2025-12-21T20:10:12+08:0050.785289706127436
2025-12-21T20:10:22+08:0050.87156269096161
2025-12-21T20:10:51+08:0051.060441086606296
2025-12-21T21:09:20+08:0051.12999277817899
2025-12-21T21:09:36+08:0051.225820787734015
2025-12-21T21:10:18+08:0052.103549802788734
2025-12-21T22:11:36+08:0052.118993389256154
2025-12-21T22:11:59+08:0052.24537525693017
2025-12-21T22:12:36+08:0052.60646630742737
2025-12-22T08:59:11+08:0052.78256763513138
2025-12-22T08:59:14+08:0052.95461363257597
2025-12-22T09:00:43+08:0055.52113771457141
2025-12-22T09:01:32+08:0055.542358757846785
2025-12-22T09:02:04+08:0055.542358757846785
2025-12-22T09:05:11+08:0055.84895283595356
2025-12-22T09:06:22+08:0056.05466362979834
2025-12-22T09:07:53+08:0057.97677906782957
2025-12-22T10:04:57+08:0059.08782845397478
2025-12-22T10:05:41+08:0059.09743903116494
2025-12-22T10:06:26+08:0059.08905060829954
2025-12-22T10:06:52+08:0059.2548191767124
2025-12-22T10:07:30+08:0062.72129326148547
2025-12-22T11:10:13+08:0062.738292317093496
2025-12-22T11:10:56+08:0062.98961168823954
2025-12-22T11:11:36+08:0063.95755791344925
2025-12-22T11:12:33+08:0066.77406810732737
2025-12-22T12:21:21+08:0066.77267929559468
2025-12-22T12:22:12+08:0067.14076995722459
2025-12-22T12:23:11+08:0070.15726904060885
2025-12-22T12:24:18+08:0070.15032498194545
2025-12-22T13:51:51+08:0072.15021387700683
2025-12-22T13:52:23+08:0072.23248708405089
2025-12-22T13:52:44+08:0072.25837453474807
2025-12-22T13:53:37+08:0072.33075940225542
2025-12-22T14:03:05+08:0072.35842453197044
2025-12-22T14:04:08+08:0072.36742403199823
2025-12-22T14:05:30+08:0072.86056330203877
2025-12-22T14:06:15+08:0077.04921948780623
2025-12-22T14:08:56+08:0079.93867007388478
2025-12-22T15:20:16+08:0079.93028165101938
2025-12-22T15:21:06+08:0080.01499916671295
2025-12-22T15:24:26+08:0080.50597189045052
2025-12-22T15:25:14+08:0082.85028609521693
2025-12-22T16:05:05+08:0083.3174268096217
2025-12-22T16:07:24+08:0087.28942836509083
2025-12-22T16:08:31+08:0088.40047775123604
2025-12-22T17:11:54+08:0088.4085328592856
2025-12-22T17:12:49+08:0089.61979890006111
2025-12-22T17:13:48+08:0095.17504583078718
2025-12-22T17:17:10+08:00111.94078106771846
2025-12-22T17:59:21+08:00112.32964835286928
2025-12-22T18:00:42+08:00113.94244764179768
2025-12-22T18:08:31+08:00114.4659741125493
2025-12-22T18:09:13+08:00118.09355035831342
2025-12-22T18:13:52+08:00119.09277262374313
2025-12-22T19:58:28+08:00119.09632798177878
2025-12-22T19:58:48+08:00119.6098550080551
2025-12-22T19:59:24+08:00123.58741181045498
2025-12-22T20:04:39+08:00123.5944114215877
2025-12-22T20:04:57+08:00123.63979778901172
2025-12-22T20:05:32+08:00128.53397033498138
2025-12-22T21:31:10+08:00128.53747014054775
2025-12-22T21:31:28+08:00128.31420476640187
2025-12-22T21:32:05+08:00132.57507916226876
2025-12-22T22:09:56+08:00132.57935670240542
2025-12-22T22:10:14+08:00133.2341536581301
2025-12-22T22:10:45+08:00139.1393811454919
2025-12-23T08:48:21+08:00139.15288039553357
2025-12-23T08:48:28+08:00140.26420754402534
2025-12-23T08:48:42+08:00140.2707627354036
2025-12-23T08:48:57+08:00140.2707627354036
2025-12-23T08:49:03+08:00140.27648463974225
2025-12-23T08:49:17+08:00140.27587356257985
2025-12-23T08:49:24+08:00140.276262429865
2025-12-23T08:49:38+08:00140.27831787122938
2025-12-23T08:49:45+08:00144.9792233764791
2025-12-23T08:49:52+08:00179.15510249430588
2025-12-23T09:08:17+08:00179.87961779901116
2025-12-23T09:08:25+08:00187.11254930281652
2025-12-23T10:08:25+08:00188.16804621965446
2025-12-23T10:08:37+08:00188.16804621965446
2025-12-23T10:08:45+08:00188.35398033442587
2025-12-23T10:08:52+08:00197.77012388200654
2025-12-23T11:00:18+08:00201.40997722348757
2025-12-23T11:07:30+08:00213.63152047108494
2025-12-23T11:33:32+08:00213.21321037720128
2025-12-23T16:47:50+08:00214.6
TradeGo forecast multiple
TimeMultiple
Broker margin funds trend
TimeBrokerMargin funds
Prediction Model 1-Lot Expected Lots— Lots for expected 1-lot allotment—
Multiple derivation
Recent first-day return
0.0%
→
Participants
10,875
→
Avg lots
29.8
→
Oversubscription
15x
15x = 10,875 × 29.8 ÷ 22,223 Robot margin-weighted 100% → 248.9x
1x6097.0x
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
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
0.70
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 254.5x and current allocation strategy (Pool A α=0.601, Pool B α=0.701) as the baseline, comparing actual vs predicted expected allotment lots per tier

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

LogoOnerobotics Allotment Prediction Matrix

Rows are subscription tiers, columns are different oversubscription ratios, values are expected allotment lots; green indicates expected ≥1 lot. Non-preset multiples are interpolated from the nearest grid points.

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 Onerobotics (06600): 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 22087 allotment-tier records across 592 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). You can override the oversubscription multiple and the allocation-method α right on the page, replacing cibo's defaults to see expected lots under your own scenario. How allotment rates and clawback work is explained in How Hong Kong IPO Allotment Rates Work.
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.

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