Biren Tech 06082
IPOIPO Allotment Results Analysis
20.9806.67%( -1.500 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Allotment Results · 卓佳 · 20260102
IPOIPO Allotment Results Analysis| Name | Shares allotted | % of global offering | % of post-IPO shares | Lock-up |
|---|---|---|---|---|
| 3W Fund 80.0 34,026,600 13.74% 1.44% 11.95% 1.42% 11.95% 1.42% 10.39% 1.40%啟明創投 | 14,886,600 | 6.01% | 0.63% | 6 months |
| QM125 20.0 8,506,600 3.43% 0.36% 2.99% 0.36% 2.99% 0.36% 2.60% 0.35%QM120 15.0 6,380,000 2.58% 0.27% 2.24% 0.27% 2.24% 0.27% 1.95% 0.26%AMF | 12,760,000 | 5.15% | 0.54% | 6 months |
| WT Asset Management | 12,760,000 | 5.15% | 0.54% | 6 months |
| Hao Great China Focus Fund | 8,506,600 | 3.43% | 0.36% | 6 months |
| 平安人壽保險 | 6,380,000 | 2.58% | 0.27% | 6 months |
| Huadeng Technology | 6,380,000 | 2.58% | 0.27% | 6 months |
| Lion Global | 6,380,000 | 2.58% | 0.27% | 6 months |
| CICC FT | 6,380,000 | 2.58% | 0.27% | 6 months |
| MY Asian | 5,104,000 | 2.06% | 0.22% | 6 months |
| Eastspring | 4,253,200 | 1.72% | 0.18% | 6 months |
| UBS AM Singapore | 4,253,200 | 1.72% | 0.18% | 6 months |
| 泰康人壽 | 4,253,200 | 1.72% | 0.18% | 6 months |
| Aspirational China Growth | 4,253,200 | 1.72% | 0.18% | 6 months |
| Charoen Pokphand | 4,253,200 | 1.72% | 0.18% | 6 months |
| 神州數碼 | 4,253,200 | 1.72% | 0.18% | 6 months |
| 國君香港 | 3,402,600 | 1.37% | 0.14% | 6 months |
| 南方基金 | 3,402,600 | 1.37% | 0.14% | 6 months |
| 富國基金 | 3,402,600 | 1.37% | 0.14% | 6 months |
| Fullgoal HK | 1,361,000 | 0.55% | 0.06% | 6 months |
| Yeebo | 2,764,600 | 1.12% | 0.12% | 6 months |
| EIP | 2,126,600 | 0.86% | 0.09% | 6 months |
| Tessy Holding Limited | 2,126,600 | 0.86% | 0.09% | 6 months |
| New Opportunities SPC | 2,126,600 | 0.86% | 0.09% | 6 months |
| Rank | % of international placing | % of global offering |
|---|---|---|
| 前1名 | — | — |
The IPO saw astronomical demand with a 2347.53x oversubscription ratio, signaling extreme market enthusiasm for this semiconductor firm listed via Chapter 18C. The overall hit rate of 0.0% reflects that virtually no retail applicants received allocations, underscoring the scramble for shares at the final offer price of HK$19.60. This level of frenzy is rare and highlights a speculative fervor reminiscent of landmark tech IPOs. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions; verify against official HKEX filings.)
A notable anomaly exists between the A-tail and B-head tiers: A-tail applicants (200,000 individuals) and B-head applicants (300,000 individuals) both expected only 1 lot, erasing the usual allocation advantage of moving into the B bracket. Despite B-head requiring a substantially larger capital commitment, the expected lot parity suggests an inefficient fee structure, where the marginal brokerage cost per lot becomes disproportionately high for B-head subscribers. This flattening of tier benefits often occurs under extreme oversubscription and warrants careful cost-benefit assessment. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Broker fee structures vary; actual costs may differ.)
Mainland Chinese investors dominated the applicant pool at 75.9%, reflecting strong cross-border appetite for high-growth tech listings under the 18C framework. The gender split skewed male at 62.5% with an average age of 41.5, consistent with the demographic profile of aggressive retail participants in semiconductor IPOs. The pronounced mainland tilt, absent other regional data, points to concentrated interest from key economic hubs. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions from source documents.)
This page shows allotment analysis for Biren Tech (06082): 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.
