Hanxbio-B 03378Hong Kong Stock ExchangeIPOIPO Allotment Results Analysis

24.8800.08%( -0.020 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Allotment Results · 20251223
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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

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International Offering Raw facts

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International oversubscription
65
Placee count
7
Cornerstone investors
58
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
富德资源 1,297,200 7.08% 0.95% 6 months
Sage Partners 389,100 2.12% 0.29% 6 months
国泰君安 366,600 2.00% 0.27% 6 months
TFI Investment Fund SPC 333,300 1.82% 0.24% 6 months
Main Source Capital 333,300 1.82% 0.24% 6 months
YStem Capital 259,400 1.42% 0.19% 6 months
春雷资本有限公司 133,300 0.73% 0.10% 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 massive 3,074x oversubscription signals extremely strong market enthusiasm for this 18A biotech IPO. The overall hit rate of 12.66% is modest but underscores the intense competition for allocations. With no clawback mechanism in place, the final pricing remained stable despite the overwhelming demand. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The 甲尾 tier, applying 100,000 lots, expects 0.417 lots, while the 乙头 tier, applying 200,000 lots, expects 0.6001 lots, giving 甲尾 a higher per-lot allocation efficiency. This unusual pattern makes the larger 乙头 investment relatively less cost-effective in terms of marginal allocation, though absolute allocation remains higher. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland Chinese participants accounted for 59.7% of accepted applicants, indicating robust cross-border interest in this Hong Kong IPO. The investor base skews male at 61.6% with an average age of 43.7, suggesting a mature, predominantly male retail constituency. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
About this page

This page shows allotment analysis for Hanxbio-B (03378): 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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