Xizhi Tech-P 01879
IPOIPO Allotment Results Analysis
178.0001.60%( +2.800 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Allotment Results · 卓佳 · 20260428
IPOIPO Allotment Results Analysis| Name | Shares allotted | % of global offering | % of post-IPO shares | Lock-up |
|---|---|---|---|---|
| Alibaba Investment | 1,222,440 | 8.86% | 1.33% | 6 months |
| GIC | 940,335 | 6.82% | 1.02% | 6 months |
| Baillie Gifford | 705,255 | 5.11% | 0.77% | 6 months |
| BlackRock | 705,255 | 5.11% | 0.77% | 6 months |
| 富达国际 | 705,255 | 5.11% | 0.77% | 6 months |
| Schroders | 705,255 | 5.11% | 0.77% | 6 months |
| 淡马锡 | 705,255 | 5.11% | 0.77% | 6 months |
| 上海中移基金 | 686,445 | 4.98% | 0.75% | 6 months |
| HHLRA FUNDS | 470,160 | 3.41% | 0.51% | 6 months |
| UBS AM | 470,160 | 3.41% | 0.51% | 6 months |
| 3W Fund | 470,160 | 3.41% | 0.51% | 6 months |
| Aspex | 470,160 | 3.41% | 0.51% | 6 months |
| CPE Fir | 235,080 | 1.70% | 0.26% | 6 months |
| 景林 | 235,080 | 1.70% | 0.26% | 6 months |
| GF Fund | 235,065 | 1.70% | 0.26% | 6 months |
| 联想 | 235,080 | 1.70% | 0.26% | 6 months |
| 未来资产证券（香港） | 235,080 | 1.70% | 0.26% | 6 months |
| 中兴通讯（香港） | 202,170 | 1.47% | 0.22% | 6 months |
| 工银理财 | 117,540 | 0.85% | 0.13% | 6 months |
| 平安资产管理 | 117,540 | 0.85% | 0.13% | 6 months |
| Rank | % of international placing | % of global offering |
|---|---|---|
| 前1名 | — | — |
The IPO drew an extreme oversubscription ratio of 5784.7x, signaling fierce market demand for this 18C specialist semiconductor stock. The overall hit rate of 35.6% was comparatively generous, likely boosted by the B-tier clawback and reallocation. With an entry threshold of just HKD 2,748, retail investors piled in despite the precise pricing at HKD 183.2. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
A notable tier inefficiency emerged: 甲尾 applicants (15000 lots) received ~0.92 expected lots, while 乙头 applicants (30000 lots) received just 0.6 expected lots, meaning twice the capital commitment yielded fewer lots. This made the A-tail more allocation-efficient per lot applied, highlighting a rare breakdown in the typical scaling advantage. Brokers with fixed per-lot fees would have disproportionately penalized B-head subscribers. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Mainland China participation dominated at 69.1%, reinforcing the strong onshore appetite for Hong Kong-listed semiconductor names. Male investors made up 60.7% of applicants, with an average age of 41.6, suggesting mature, risk-tolerant retail participants. Regional concentration likely tilted toward Guangdong, the primary conduit for cross-border subscriptions. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
This page shows allotment analysis for Xizhi Tech-P (01879): one-lot hit rate, Pool A/B allotment distribution, oversubscription multiple, and grey-market and first-day performance. Data is parsed from the HKEX allotment results announcement. How allotment rates and clawback work is explained in How Hong Kong IPO Allotment Rates Work.
