Quantgroup 02685 IPO Allotment Results Analysis

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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

International Offering Raw facts

15.07

International oversubscription

Placee count

Cornerstone investors

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

Market Sentiment

The IPO 量化派 (02685) attracted extraordinary demand with an oversubscription ratio of 9,366 times, signaling intense retail enthusiasm. The overall hit rate was just 1.68%, far below typical hot IPOs, reflecting extreme allocation scarcity. The offer price was fixed at HK$9.80, with no range to benchmark. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier inefficiency is observed: 甲尾 (last A-tier) applicants applying 500,000 shares received an expected allocation of only 0.0507 lots, while 乙头 (first B-tier) applicants with 600,000 shares secured 0.1077 lots—more than double the allocation. This suggests that marginal applications at the top of the A-pool were poorly rewarded compared to a minimum B-pool entry. Broker fee structures vary, so actual cost efficiency may differ. (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, with total holders, Mainland China participation, and regional distribution all reported as zero. This absence of data prevents any meaningful analysis of investor demographics or regional concentration patterns. It may indicate incomplete reporting or a lack of granular breakdown. (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 Quantgroup (02685): 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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Quantgroup 02685·IPOIPO Allotment Results Analysis