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Allotment Overview Calculated
Total Subscription Fees vs Public Offering Raise Amount
Total Subscription Fees vs Public Offering Raise Amount
(assuming HKD 100 handling fee per application)
Assuming a handling fee of HKD 100 per valid application, the total handling fees across all valid applications represent the corresponding ratio of the public offering raise amount. These fees are collected by brokers/banks and are payable regardless of whether the application is successful, representing a hidden cost often overlooked by investors in IPO subscriptions.
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.
Underlying data failed quality checks; AI interpretation downgraded and shown for reference only.
Market Sentiment
连连数字以10.22港元定价，公开发售超额认购16.94倍，但中签率高达100%，显示实际散户需求有限或分配规则异常宽松，与典型IPO中签率分布不同。这可能是由于国际配售部分认购不足导致大量股份回拨，或公司刻意实行普惠分配策略。（This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.）
Tier Analysis
甲尾申请450,000股（900手）与乙头申请500,000股（1,000手）均预期仅获配1手，乙头多投入约50万港元未获额外股份，资金效率极低。该异常平坦的分配曲线表明，在边际处大小户几乎无差别待遇，可能打击乙组打新热情。（This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.）
Demographics
招股结果未披露持有人总数及地域分布，内地与香港投资者占比均显示为0%，或为数据缺失。通常内地参与者比例是重要情绪指标，此次缺失可能限制了对市场热度的深层判断。（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 Lianlian (02598): 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.
IPOIPO Allotment Results Analysis
