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

7.91
International oversubscription
181
Placee count
2
Cornerstone investors
179
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
China Orient Enhanced Income Fund 0 3.70% — 6 months
XINWUTANG CO., LIMITED 0 23.33% — 6 months
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 Sunmi Technology-W IPO attracted massive demand with an oversubscription ratio of 2003.16 times, underscoring strong investor enthusiasm for the commercial IoT sector. However, the reported hit rate of 0.0% despite over 204,000 valid applications points to either negligible retail allocations or a potential data anomaly. (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 appears at the boundary: 甲尾 applicants with 200,000 lots expected just 0.0547 lots, while 乙头 applicants with 250,000 lots expected 0.3486 lots—a disproportionate jump. This makes the top of Tier A exceptionally cost-inefficient relative to the marginal increase in application size, especially after factoring in broker fees. (This is AI-generated commentary. Data may contain errors; verify against HKEX filings. Not financial advice.)

Demographics

Demographic breakdowns such as mainland China participation and regional distribution are unavailable for this IPO, as the dataset reports zero values across total holders and geographic percentages. This limits insights into the investor profile, particularly the typically influential mainland retail interest for tech listings. (This is AI-generated commentary. Data gaps exist; always refer to official filings. Not financial advice.)

About this page

This page shows allotment analysis for Sunmi Tech-W (06810): 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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