孖展动态 孖展倍数20.2x 孖展资金93.6亿 捷利预测倍数29.29x
排名 券商 孖展资金
1 富途证券富途 51.5亿
2 辉立证券辉立 14.0亿
3 老虎国际老虎 9.2亿
4 华泰国际华泰 4.6亿
5 盈立证券盈立 4.3亿
6 复星国际复星 3.6亿
7 致富证券致富 2.7亿
8 华盛证券华盛 1.0亿
9 长桥证券长桥 9183万
孖展倍数
时间倍数
2026-06-23T06:00:00+08:000
2026-06-23T10:10:10+08:000.0010795405475429658
2026-06-23T10:13:16+08:000.0024181708264962433
2026-06-23T10:14:57+08:000.004577251921582174
2026-06-23T11:02:43+08:000.007427238967095604
2026-06-23T11:11:37+08:000.008420416270835132
2026-06-23T11:12:21+08:000.010881768719233095
2026-06-23T11:13:21+08:000.14474479661456086
2026-06-23T12:13:12+08:000.1469902409534502
2026-06-23T12:14:26+08:000.14703342257535193
2026-06-23T12:15:30+08:000.149019777182831
2026-06-23T12:15:44+08:000.15130840314362207
2026-06-23T12:16:34+08:000.15392089126867606
2026-06-23T12:17:07+08:000.24244321616719924
2026-06-23T13:40:22+08:000.2431557129285776
2026-06-23T13:40:44+08:000.24332843941618448
2026-06-23T13:41:47+08:000.24414889023231712
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2026-06-23T14:07:40+08:000.30194749114776753
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2026-06-23T16:34:56+08:000.32874168753778393
2026-06-23T16:35:45+08:000.3296916832196217
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2026-06-23T18:18:02+08:000.7115035840746179
2026-06-23T20:16:21+08:000.7123024440797996
2026-06-23T20:17:51+08:000.7127774419207186
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2026-06-23T20:20:53+08:000.719924000345453
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2026-06-23T21:06:30+08:000.715627428966232
2026-06-23T22:04:25+08:000.7172035581656447
2026-06-23T22:05:31+08:000.7192978668278781
2026-06-24T08:32:54+08:000.7452068399689092
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2026-06-24T09:27:51+08:000.7790828223508075
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2026-06-24T14:07:07+08:000.919876500561361
2026-06-24T14:07:40+08:000.9241730719405821
2026-06-24T15:11:53+08:000.9250151135676656
2026-06-24T15:12:14+08:000.9269151049313412
2026-06-24T15:12:46+08:000.9390059590638224
2026-06-24T15:13:35+08:000.9397184558252007
2026-06-24T15:14:22+08:000.9398048190690043
2026-06-24T15:15:00+08:000.9678728733051214
2026-06-24T16:17:41+08:000.9669012868123327
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2026-06-24T16:23:53+08:000.9900898177735555
2026-06-24T17:01:14+08:001.0365964245617065
2026-06-24T17:01:47+08:001.03743846618879
2026-06-24T17:04:05+08:001.1095517747646602
2026-06-24T17:04:31+08:001.1107392693669573
2026-06-24T17:04:38+08:001.1111926763969255
2026-06-24T17:05:42+08:001.348691596856378
2026-06-24T18:05:48+08:001.402690215044477
2026-06-24T18:10:34+08:001.6768935141203904
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2026-06-24T18:16:59+08:001.768568097417739
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2026-06-24T20:13:52+08:001.9176310562224717
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2026-06-24T20:17:59+08:002.066283789619138
2026-06-24T21:41:34+08:002.0720917177649194
2026-06-24T22:04:38+08:002.086557561101995
2026-06-24T22:06:14+08:002.1204119526729426
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2026-06-25T08:41:47+08:002.2568011054495205
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2026-06-25T08:44:50+08:002.764379480093272
2026-06-25T08:48:39+08:002.764379480093272
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2026-06-25T09:07:32+08:002.9482036445288884
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2026-06-25T09:09:42+08:003.1557777010104497
2026-06-25T10:07:51+08:003.269388548233872
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2026-06-25T10:08:33+08:003.3564426979877364
2026-06-25T10:08:50+08:003.3596381380084637
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2026-06-25T10:09:35+08:003.51960445634338
2026-06-25T11:05:56+08:003.5592020036272562
2026-06-25T11:06:21+08:003.5754382934623026
2026-06-25T11:06:30+08:003.57211330857587
2026-06-25T11:06:58+08:003.59096208653597
2026-06-25T11:07:03+08:003.6282062354262026
2026-06-25T11:07:09+08:003.8441143449347956
2026-06-25T12:07:08+08:003.8630494861386993
2026-06-25T12:07:18+08:003.88492097763192
2026-06-25T12:07:33+08:003.9264401070904222
2026-06-25T12:07:37+08:003.9574013299939548
2026-06-25T12:07:41+08:003.958739960272908
2026-06-25T12:07:50+08:004.308511097676829
2026-06-25T13:38:26+08:004.322501943172986
2026-06-25T13:38:29+08:004.336859832455307
2026-06-25T13:38:32+08:004.35177908282235
2026-06-25T13:38:35+08:004.364927886691424
2026-06-25T13:38:38+08:004.379307366784697
2026-06-25T13:38:43+08:004.426807150876587
2026-06-25T14:00:40+08:004.510752223853528
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2026-06-25T14:08:50+08:004.792620260816996
2026-06-25T14:08:56+08:004.969664910614043
2026-06-25T15:12:01+08:004.978625097158649
2026-06-25T15:12:07+08:005.007427238967096
2026-06-25T15:12:10+08:005.0790007772691945
2026-06-25T15:12:13+08:005.11732446670697
2026-06-25T15:12:16+08:005.108580188271872
2026-06-25T15:12:21+08:005.311533811209949
2026-06-25T16:00:49+08:005.322976941013905
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2026-06-25T17:35:38+08:007.995703428620779
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2026-06-25T20:18:43+08:0012.004685205976337
2026-06-25T20:18:48+08:0012.049097504102255
2026-06-25T20:18:52+08:0012.215864927886692
2026-06-25T20:18:56+08:0012.254728387598238
2026-06-25T20:19:05+08:0012.781544174799205
2026-06-25T20:19:27+08:0012.802897486829606
2026-06-25T20:19:36+08:0012.903661801537266
2026-06-25T20:19:40+08:0013.004620433543485
2026-06-25T20:19:50+08:0013.22916486743242
2026-06-25T21:25:20+08:0013.2650703860437
2026-06-25T21:25:25+08:0013.318291735037567
2026-06-25T21:25:37+08:0013.34722342171172
2026-06-25T21:25:50+08:0013.576086017790828
2026-06-25T22:05:52+08:0013.64398911823128
2026-06-25T22:05:57+08:0013.701874082390535
2026-06-25T22:06:08+08:0013.991190949132049
2026-06-26T08:57:49+08:0013.991190949132049
2026-06-26T08:59:03+08:0014.02865100613179
2026-06-26T08:59:06+08:0014.154914068572415
2026-06-26T08:59:26+08:0016.91206062699715
2026-06-26T08:59:44+08:0017.048082735987563
2026-06-26T09:02:24+08:0017.13591415493566
2026-06-26T09:04:20+08:0016.944554797478194
2026-06-26T09:04:23+08:0017.02208739960273
2026-06-26T09:11:49+08:0018.03037827100786
2026-06-26T09:12:13+08:0018.331764401070906
2026-06-26T10:06:15+08:0018.349641592538216
2026-06-26T10:06:30+08:0018.55799291821401
2026-06-26T10:06:32+08:0019.7562829259867
2026-06-26T11:07:10+08:0019.818529233958028
2026-06-26T17:03:34+08:0020.2
捷利预测倍数
时间倍数
券商孖展资金走势
时间券商孖展资金
预测模型 一手期望中签手数— 期望中签1手所需手数—
倍数推导
近期首日表现
+4.6%
→
参与人数
10,561
→
人均手数
30.2
→
认购倍数
7x
7x = 10,561 × 30.2 ÷ 46,633 A+H二次上市 · 参与×0.44 H股折价 9.0% 孖展加权 100% → 29.3x
1x2159.0x
分配手法系数 α
分配手法系数
反映发行人对不同申购规模的分配偏好。
α → 0  人均分配 — 每人获配相同股数,与申购手数无关。
α → 1  按申购量比例分配 — 申购手数越多,获配越多。
历史 α 区间(P10–P90):甲组 0.3 – 0.9,乙组 0.4 – 1.0
0.59
分配手法系数 α
分配手法系数
反映发行人对不同申购规模的分配偏好。
α → 0  人均分配 — 每人获配相同股数,与申购手数无关。
α → 1  按申购量比例分配 — 申购手数越多,获配越多。
历史 α 区间(P10–P90):甲组 0.3 – 0.9,乙组 0.4 – 1.0
0.69
此模型不适用分配手法调节

实际 vs 预测 对比

以实际认购倍数 27.57x 和当前分配手法 (甲组 α=0.593, 乙组 α=0.693) 为基准,对比各档位的实际与预测期望中签手数

申购手数 认购金额(HKD) 实际期望中签 预测期望中签 偏差

标志安克创新中签预测矩阵

行为申购档位,列为不同认购倍数,数值为期望中签手数,绿色背景表示期望中签≥1手;非预设倍数由相邻网格插值估计。

发售机制说明

机制B

《第18项应用指引》下的灵活发售机制。最低初订分配份额为发售股份的10%,不设回补机制。最高初订分配份额为发售股份的60%(因《第18项应用指引》规定发售股份总数至少40%须分配予配售部分投资者,基石投资者除外)。发行人可根据发售结构、市场状况及散户投资者利益,自行厘定公开认购部分的初订分配份额。

分配手法系数 α

α 为发行人分配偏好系数,描述发行人对不同申购规模的分配倾向。α 取值范围 [0, 1]。

  • α → 0:人均分配——无论申购多少手,每位中签者获配股数相同。对散户(小单申购)更有利。
  • α → 1:比例分配——获配股数与申购手数成正比。对大额申购更有利。
  • 历史实际 α 区间(P10–P90):甲组 0.3–0.9,乙组 0.4–1.0。不同IPO的α值差异较大,反映发行人各自的分配策略。
中签率定义

本页面的「中签率」定义与港交所配发结果公告完全一致:中签率 = 该档位获配股份总数 ÷ 该档位有效申请股份总数 × 100%。此为港交所官方口径,与其他网站可能使用的不同定义(如「申购人数中签比例」)有本质区别。

期望中签手数

期望中签手数 = 该档位获配总股数 ÷ 每手股数 ÷ 该档位申购人数

例:某档位获配总股数 50,000 股,每手 100 股,申购人数 500 人 → 期望中签手数 = 50,000 ÷ 100 ÷ 500 = 1.0 手。

关于本页

本页展示 安克创新(00668)的中签预测:基于相似 IPO 匹配的期望中签率、甲乙组资金效率对比。
默认认购倍数按「近期首日表现 → 参与人数 → 人均手数 → 认购倍数」链条推导,公式为 认购倍数 = 参与人数 × 人均手数 ÷ 公开发售手数;其中参与人数与人均手数以近期 IPO 的中位数为基准,再按发行规模、A+H 身份、H 股折溢价、行业、并发 IPO、保荐人历史表现与恒指近期走势等特征调节。
认购窗口前期默认倍数以模型推导为准;随认购进度推进逐步结合孖展倍数加权;临近截止(进度约九成后)默认倍数以孖展倍数预测为准。
中签率预测基于历史 592 只 IPO 的 22087 条配发档位数据做回归拟合与 KNN 相似匹配,估计各申购档位的期望中签手数,并结合分配手法系数 α(人均分配至比例分配)给出区间。你可以自定义认购倍数与分配手法系数 α,覆盖 cibo 的默认预测,查看不同场景下的期望中签手数。中签率的计算方式与回拨规则见港股中签率怎么算。
数据来源:港交所披露易平台公开发售配发结果公告、招股说明书、FINI 平台公告;孖展数据(孖展倍数、捷利预测倍数及券商明细)来自捷利交易宝(TradeGo),倍数仅覆盖已上报券商,捷利预测倍数为全市场外推值。
孖展倍数盘中实时更新;中签率预测模型随新股配发数据入库不定期迭代。

Cibo — 港股IPO中签率预测、中签画像与入通分析