Data layers Raw facts Calculated Model prediction AI interpretation

Allotment Overview Calculated

Total Subscription Fees vs Public Offering Raise Amount

Subscription Tier Analysis Model prediction

Expected Lots Allotted by Subscription Tier

Pool A applications , Pool B applications . Expected lots allotted = "Approximate percentage of total shares applied for" as stated in the allotment announcement × shares applied ÷ lot size, taken directly from the announcement.

Capital Efficiency by Subscription Tier

Capital efficiency = Expected shares allotted ÷ shares applied × 100, i.e. the original "Approximate percentage of total shares applied for" value from the allotment announcement. The fewer shares applied for, the higher the capital efficiency.

Applicant Distribution by Subscription Tier

The vertical axis uses a logarithmic scale to better observe distribution differences across tiers of varying magnitudes. All four charts share the same x-axis; hover tooltips are synchronized.

Subscription Fee ÷ Allotted Market Value by Tier

Allotted market value = valid applicants × shares applied × (percentage applied for ÷ 100) × offer price; total handling fees = valid applicants × HKD 100; ratio = total fees ÷ allotted market value × 100%. Lower tiers have disproportionately high ratios due to very small allotments; ratios stabilize at higher tiers.

Allotment Results Subscription Tier List

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International Offering Raw facts

18.50
International oversubscription
341
Placee count
39
Cornerstone investors
302
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
Black Dragon AP SPV1 0 0.39% — 6 months
Cloudview Capital Limited 0 0.78% — 6 months
CPE Rosewood Investment Limited 0 2.92% — 6 months
Deliante Holdings Co., Ltd. 0 2.06% — 6 months
Foresight Global Superior Choice SPC 0 1.17% — 6 months
Golden K2 Falcon 0 0.78% — 6 months
Greenwoods Asset Management Hong Kong Limited 0 0.97% — 6 months
HHLR Advisors, Ltd. 0 1.17% — 6 months
HQ TELECOM SINGAPORE PTE. LTD. 0 0.39% — 6 months
Janchor Partners Pan-Asian Master Fund 0 2.92% — 6 months
Jump Trading Pacific Pte. Ltd. 0 0.58% — 6 months
Mega Prime Development Limited 0 0.49% — 6 months
Metazone Link (HK) Limited 0 0.78% — 6 months
Mirae Asset Securities Co., Ltd. 0 0.58% — 6 months
Morgan Stanley & Co. International plc 0 1.36% — 6 months
MY Asian Opportunities Master Fund, L.P. 0 0.78% — 6 months
New Alternative Limited 0 1.56% — 6 months
New Golden Future Limited 0 0.78% — 6 months
Pinpoint Asset Management Limited 0 1.17% — 6 months
Poly Platinum Enterprises Limited 0 0.29% — 6 months
RUIHUA (INTERNATIONAL) INVESTMENT LIMITED 0 0.78% — 6 months
SR Wealth Securities Limited 0 0.78% — 6 months
Tanwan Inc. 0 1.17% — 6 months
Tropical Terrain Limited 0 1.17% — 6 months
Wind Sabre Fund SPC 0 0.58% — 6 months
博时基金(国际)有限公司 0 0.78% — 6 months
光大理财有限责任公司 0 0.58% — 6 months
惠州市惠联投资合伙企业(有限合伙) 0 1.12% — 6 months
鲁花道生(北京)企业管理发展有限公司 0 0.58% — 6 months
欧万达基金管理有限公司 0 0.78% — 6 months
盘京港景投资基金 0 0.58% — 6 months
奇点资产管理有限公司 0 0.58% — 6 months
天弘基金管理有限公司 0 0.78% — 6 months
香港麦逊电子有限公司 0 1.95% — 6 months
信银(香港)投资有限公司 0 0.78% — 6 months
阳光人寿保险股份有限公司 0 1.17% — 6 months
叶国富 0 0.78% — 6 months
盈峰资本管理(香港)有限公司 0 0.78% — 6 months
涌容(香港)资产管理有限公司 0 1.17% — 6 months

International concentration

Rank % of international placing % of global offering
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AI AI Analysis AI interpretation deepseek-v4-pro · AI-generated
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Underlying data failed quality checks; AI interpretation downgraded and shown for reference only.

Market Sentiment

The IPO saw an extraordinary oversubscription ratio of 431.15x, reflecting intense retail enthusiasm for this industrial manufacturing stock. With a hit rate of 0.0%, virtually all applicants were shut out, highlighting severe scarcity and probable pricing at the top of the range. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A-tier tail (甲尾) applicants at 20,000 lots and B-tier head (乙头) at 30,000 lots both expected only 1 lot, rendering the additional investment in A-tail completely inefficient. This anomaly means that margin financing costs for 20,000 lots yield no allocation advantage over the B-head tier, though actual broker fee structures vary and may further distort net returns. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic data is missing from the source, with total holders, mainland China participation, and Hong Kong percentage all listed as zero. Without this information, no conclusions can be drawn about applicant origins or distribution patterns. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

About this page

This page shows allotment analysis for VGT (02476): 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.

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