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 500-100,000股, Pool B applications 500,000-5,030,500股. 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

33.86
International oversubscription
208
Placee count
17
Cornerstone investors
191
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
贝莱德 37,304,500 3.24% — 6 months
UBS AM Singapore 11,191,000 0.97% — 6 months
国风投创新投资基金股份有限公司 7,460,500 3.71% 0.71% 6 months
未来资产 5,968,500 2.97% 2.58% 6 months
HHLRA 5,968,500 2.97% 2.58% 6 months
Deerfield 3,730,000 1.85% 1.61% 6 months
RTW基金 3,730,000 1.85% 1.61% 6 months
Huadeng Technology 3,730,000 1.85% 1.61% 6 months
Isometry Global 3,730,000 1.85% 1.61% 6 months
广发基金 3,730,000 1.85% 1.61% 6 months
工银瑞信实体 3,730,000 1.85% 1.61% 6 months
华夏基金(香港) 3,730,000 1.85% 1.61% 6 months
富国基金 3,730,000 1.85% 1.61% 6 months
Lake Bleu 2,984,000 1.48% 1.29% 6 months
Sage Partners 2,984,000 1.48% 1.29% 6 months
工银理财 1,492,000 0.74% 0.64% 6 months
ORIX Asia AM 1,492,000 0.74% 0.64% 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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Underlying data failed quality checks; AI interpretation downgraded and shown for reference only.

Market Sentiment

The IPO drew extreme enthusiasm with an oversubscription ratio of 6,910.96x, compressing the overall hit rate to just 17.15%. The Chapter 18C specialist tech status and biopharma sector appeal fueled overwhelming retail demand. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

At the A-tail (甲尾), applicants received a mere 0.1321 expected lots, while B-head (乙头) allocations reached 0.3638 lots—a 2.8x advantage. This wide gap shows that the top A-tier was heavily crowded, making B-head a notably more allocation-efficient tier in this distribution. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland China participation dominated at 58.9% of successful applicants, signaling strong cross-border appetite for a Chapter 18C biopharma listing. The investor base was 59.5% male, and the expanded holder count of 65,727 indicates broad retail distribution. (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 Metis Techbio-P (07666): 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