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

10.92
International oversubscription
140
Placee count
11
Cornerstone investors
129
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
Hao Fund 4,064,600 10.16% 1.02% 6 months
Great Holding 2,940,100 7.35% 0.74% 6 months
WT Asset Management 2,032,300 5.08% 0.51% 6 months
Caitong SEIII 1,953,100 4.88% 0.49% 6 months
聚鸣最终客户及CICC FT(与聚鸣场外掉期相关) 1,458,300 3.65% 0.36% 6 months
前瞻 1,302,000 3.26% 0.33% 6 months
SCGC资本 1,302,000 3.26% 0.33% 6 months
Aether 1,219,300 3.05% 0.30% 6 months
GF Fund HK 1,016,100 2.54% 0.25% 6 months
凯丰最终客户及CICC FT(与凯丰场外掉期相关) 781,200 1.95% 0.20% 6 months
Wider Huge 264,400 0.66% 0.07% 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 garnered extreme oversubscription of 1,579.71 times, indicating intense retail enthusiasm. With an overall hit rate of just 16.01%, competition for shares was fierce, and reallocation from the international tranche was triggered. This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.

Tier Analysis

The last A-tier applicant expected 0.7396 lots, almost double the 0.4 lots for the first B-tier, despite the B-tier applying double the amount. This inverted allocation efficiency suggests under extreme oversubscription, the A-tail offered a better lot-per-capital ratio than the entry B-tier. Broker fee efficiency comparisons should factor in these disparities. This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.

Demographics

Mainland China participants accounted for 64.8% of the applicant pool, reflecting strong cross-border demand for this enterprise software offering. The investor base skewed male (59.5%) with an average age of 43.6, typical of mid-career professionals. Regional concentration, likely led by Guangdong, aligns with common Hong Kong IPO trends. 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 Fs.com (03355): 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