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

2.08
International oversubscription
79
Placee count
0
Cornerstone investors
79
Anchor investors

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 was oversubscribed by 188.74 times, indicating extreme retail demand for this AI sector listing. The overall hit rate of 11.65% reflects significant competition, with only 3,852 out of 33,051 valid applications obtaining allocation. The offer price was fixed at HK$80.00, likely at the top of expectations given the high subscription ratio. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A sharp tier anomaly is evident: A-tail applicants (HK$40,000 invested) received an average of just 0.1799 lots, while B-head applicants (HK$50,000 invested) secured a full 1.0 lot. The additional HK$10,000 commitment yields over five times the allocation, highlighting severe inefficiency at the boundary. Brokerage fees vary, but B-head appears far more cost‐effective on a per‐share basis under these allotments. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions; investors should verify against official HKEX filings.)

Demographics

Mainland Chinese participation reached 67.0%, underscoring robust cross‐border interest in the AI sector. The investor pool leaned male (62.7%) with an average age of 43.2 years, consistent with typical Hong Kong IPO profiles. Regional specifics are unavailable, but such high mainland involvement often concentrates in Guangdong. (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 Nuobikan (02635): 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.

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