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

9.77
International oversubscription
133
Placee count
0
Cornerstone investors
133
Anchor investors

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 recorded an extraordinary oversubscription ratio of 14,855.4x, indicating a frenzied market appetite unseen in typical offerings. The overall hit rate of just 14.72% meant fierce competition for allocations, with most applicants receiving no shares. Such extreme demand suggests strong bullish conviction around 翼菲科技, though the absence of price range data limits further pricing dynamics analysis. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

At the top of the public allocation tiers, A-tail applicants (100,000 lots) received an expected 0.21 lots versus 0.40 lots for B-head (200,000 lots)—a marginal increase that does not scale with the doubled capital commitment. This narrow gap makes A-tail more capital-efficient on paper, especially after accounting for broker margin costs. The lottery-like fractions underscore the extreme over-subscription, with even the largest retail orders securing negligible allocations. (This is AI-generated commentary based on historical data. Data may contain errors from source documents. Broker fee structures vary; actual costs may differ. Not financial advice.)

Demographics

Mainland Chinese investors dominated with a 62.2% participation rate, highlighting strong cross-border interest in this 18C tech specialist. The male-skewed gender split (60.9% male) and average age of 42.3 point to an experienced, likely professional investor base. Regional concentration was not provided, but such high mainland involvement often correlates with outsized demand from Guangdong and nearby provinces. (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 Robotphoenix (06871): 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