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

18.52
International oversubscription
177
Placee count
19
Cornerstone investors
158
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
3W Fund 480,300 1.66% 0.07% 6 months
奇点资产 960,600 3.32% 0.14% 6 months
DAMSIMF 1,200,700 4.15% 0.17% 6 months
New Golden Future Limited 1,200,700 4.15% 0.17% 6 months
New Alternative Limited 1,200,700 4.15% 0.17% 6 months
Yunfeng Capital(就景林场外掉期而言) 1,426,500 4.93% 0.20% 6 months
上海景林及华泰资本投资 1,426,500 4.93% 0.20% 6 months
CPE 1,035,000 3.58% 0.15% 6 months
源峰基金及华泰资本投资(就源峰基金场外掉期而言) 886,100 3.06% 0.13% 6 months
Wind Sabre 240,100 0.83% 0.03% 6 months
GBAD基金管理 480,300 1.66% 0.07% 6 months
工银理财 480,300 1.66% 0.07% 6 months
Summit Ridge 480,300 1.66% 0.07% 6 months
泰康人寿 480,300 1.66% 0.07% 6 months
新华资产管理 480,300 1.66% 0.07% 6 months
Green Better 480,300 1.66% 0.07% 6 months
天进贸易有限公司 480,300 1.66% 0.07% 6 months
Metazone 960,600 3.32% 0.14% 6 months
华勤通讯香港有限公司 1,440,900 4.98% 0.21% 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 overwhelming enthusiasm with an oversubscription ratio of 542.22x, signaling extremely strong demand for this semiconductor listing. An overall hit rate of 17.43%—with 25,871 accepted out of 148,419 valid applications—is relatively high for such a steep oversubscription, suggesting the allocation was spread more broadly than typical 500x+ offerings. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

Specific tier-level allocation data is not provided, so detailed tier anomaly analysis cannot be performed. However, under Mechanism B with no clawback and a 'yes' reallocation, it is common for smaller applicant tiers to experience proportionally lower win rates relative to larger ones. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland China applicants dominated at 73.9%, reflecting strong cross-border demand aligned with the semiconductor industry theme, while Hong Kong residents made up 25.2%. The investor base leaned male (60.2%) with a mature average age of 43.4, indicating participation from experienced, middle-aged investors. (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 Gigadevice (03986): 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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