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

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International oversubscription
149
Placee count
7
Cornerstone investors
142
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
Duckling Fund, L.P. 0 7.17% — 6 months
Fidelity International 0 10.75% — 6 months
Mega Prime Development Limited 0 8.60% — 6 months
SynerSuccess Capital Ltd. 0 5.73% — 6 months
Yield Royal Investment Holding (Singapore) PTE. LTD. 0 1.43% — 6 months
大家人寿保险股份有限公司 0 3.58% — 6 months
正心谷资本 0 7.17% — 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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The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The IPO saw extreme retail enthusiasm with an oversubscription ratio of 1235.81x, indicating fierce demand for this consumer retail stock. Despite this, the hit rate of 14.16% is relatively high, suggesting a broad distribution of lots among smaller applicants. The offer price was fixed at HK$77.77, with no range disclosed, and the overall subscription magnitude signals a highly bullish retail sentiment. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier anomaly exists: applicants in the last A-tier (60,000 lots) had an expected allocation of 0.6594 lots, while those in the first B-tier (70,000 lots) received only 0.26 lots expected—less than half despite a larger application. This sharp drop creates an inefficiency where applying for 60,000 lots yields better odds than 70,000, likely due to balloting mechanics designed to favor smaller bids. Investors should note that broker fees may vary, making this tier structure potentially costly for marginal B-head applicants. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic data for this IPO is unavailable, as reported mainland and Hong Kong participation percentages are zero. Without holder breakdowns, no trends in regional or gender participation can be inferred. Investors should refer to official sources for any updates or corrections to these figures. (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 Forest Cabin (02657): 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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