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

Loading...

International Offering Raw facts

8.19
International oversubscription
116
Placee count
16
Cornerstone investors
100
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
HHLR Advisors, Ltd. 9,703,000 6.93% 0.69% 6 months
上海景林及华泰资本投资有限公司(有关景林场外掉期) 6,986,000 4.99% 0.50% 6 months
Jump Trading Pacific Pte. Ltd. 1,164,200 0.83% 0.08% 6 months
惠州市惠联投资合伙企业(有限合伙) 9,960,800 7.12% 0.71% 6 months
江西铜业及国泰君安证券投资(香港)有限公司(有关江西铜业场外掉期) 1,164,200 0.83% 0.08% 6 months
深圳市新世界投资(香港)有限公司 2,986,400 2.13% 0.21% 6 months
高时发展有限公司 1,692,200 1.21% 0.12% 6 months
雾凇资本有限公司 398,200 0.28% 0.03% 6 months
SCV Alpha LP 1,344,800 0.96% 0.10% 6 months
Yield Royal Investment Holding (Singapore) PTE. LTD. 1,164,200 0.83% 0.08% 6 months
国惠(香港)控股有限公司 1,940,600 1.39% 0.14% 6 months
璞信国泰君安证券投资(香港)有限公司(有关璞信场外掉期) 1,941,200 1.39% 0.14% 6 months
新宙邦(香港)有限公司 2,737,600 1.96% 0.20% 6 months
易亚投资管理有限公司 1,940,600 1.39% 0.14% 6 months
Factorial Master Fund 776,200 0.55% 0.06% 6 months
前海辰星投资 2,328,600 1.66% 0.17% 6 months

International concentration

Rank % of international placing % of global offering
前1名 — —
AI AI Analysis AI interpretation deepseek-v4-pro · AI-generated
!
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 of 沃尔核材 attracted extraordinary retail demand, with an oversubscription ratio of 569.58x, reflecting intense market enthusiasm for this industrial manufacturing stock. Despite the massive oversubscription, the overall hit rate is currently reported as 0%, likely due to data lag or incomplete allocation reporting. The final offer price was HK$20.09, but no price range data is available to assess pricing dynamics. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A clear tier inefficiency appears between the last A-tier (甲尾) and first B-tier (乙头). Applicants at 甲尾 (200,000 lots applied) are expected to receive only 0.2362 lots on average, while 乙头 applicants (300,000 lots) see a jump to 0.8053 expected lots, a more than threefold increase for a 50% larger subscription. This makes 甲尾 highly cost-inefficient given similar or higher broker fees per lot—though actual broker fees vary and must be verified. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic data for this IPO is currently unavailable or unreported, with holder count and regional breakdowns showing zero values. Typically, Mainland China participation is a key indicator of speculative interest, but no conclusions can be drawn here. The absence of data may be due to reporting delays or data source limitations. (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 Woer (09981): 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