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

5.79
International oversubscription
211
Placee count
4
Cornerstone investors
207
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
(%) (%) (%) (%)Health Vision 700,850 14.75% 1.09% 6 months
金域医学检验 372,650 7.85% 0.58% 6 months
明略科技 248,400 5.23% 0.39% 6 months
Galaxy Dynasty 124,200 2.61% 0.19% 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 was massively oversubscribed by 2,730 times, signaling extreme market enthusiasm and scarce allocation. With a near-zero hit rate, most applicants received no shares, reflecting intense demand for this healthcare listing. The final offer price was set at HK$59.9, within the expected range, but the overwhelming subscription left many investors empty-handed. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The A-tail (80,000 lots) expected 0.6403 lots, nearly identical to the 0.6437 lots for B-head (90,000 lots), making the larger B-head subscription highly inefficient. Investors in B-head locked up significantly more capital but gained merely 0.0034 extra lots, eroding returns after broker fees. This anomaly highlights minimal incremental benefit from crossing into the B-tier for this IPO. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland Chinese applicants comprised 55.8% of successful holders, suggesting strong cross-border interest and potential familiarity with the healthcare sector. The male-dominated profile (65.6%) and average age of 42.8 years point to a risk-tolerant, middle-aged investor base. Although regional data is not available, such mainland concentration often implies Guangdong province dominance. (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 Distinct Health (02677): 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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