Z.ai 02513
IPOIPO Allotment Results Analysis
408.40010.04%( -45.600 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Allotment Results · 20260108
IPOIPO Allotment Results Analysis| Name | Shares allotted | % of global offering | % of post-IPO shares | Lock-up |
|---|---|---|---|---|
| JSC International Investment Fund SPC（为及代表Qizhi SP行事） | 11,985,900 | 5.56% | 2.72% | 6 months |
| JinYi Capital Multi-Strategy Fund SPC Ltd.（为及代表Structured Credit SP Fund行事） | 468,700 | 1.25% | 0.11% | 6 months |
| Perseverance Asset Management | 1,941,800 | 5.19% | 0.44% | 6 months |
| 上海高毅及CICC Financial Trading Limited（就高毅场外掉期而言） | 602,600 | 0.28% | 0.14% | 6 months |
| WT Asset Management | 3,006,500 | 8.03% | 0.68% | 6 months |
| 泰康人寿 | 2,008,800 | 0.93% | 0.46% | 6 months |
| 广发基金 | 2,812,300 | 7.52% | 1.30% | 6 months |
| 3W Fund | 1,205,200 | 3.22% | 0.27% | 6 months |
| 雾凇 | 645,400 | 0.30% | 0.15% | 6 months |
| Optimas Capital Limited | 669,600 | 1.79% | 0.15% | 6 months |
| 凌云光技术国际有限公司 | 334,800 | 0.16% | 0.08% | 6 months |
| Rank | % of international placing | % of global offering |
|---|---|---|
| 前1名 | — | — |
The 1159.46x oversubscription for 智谱's IPO signals extraordinary market fervor for AI specialist tech under Chapter 18C, with retail allocation capped at 20% after clawback. The reported 0.0% hit rate points to near-zero success for the 204,871 applicants, highlighting a highly speculative rush. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Given the HK$11,620 entry per lot (implied 100 shares), tier distributions likely saw extreme compression: without precise data, such oversubscription typically results in 甲尾 hit rates under 0.1% and 乙头 allocations of just a few lots, sharply eroding margin financing efficiency versus the minimal reward. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
With 61.7% of the 48,243 holders from Mainland China, cross-border appetite dominated, while the 65.2% male skew and average age of 42.3 reflect a mature, male-heavy investor profile. (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 Z.ai (02513): 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.
