孖展动态 孖展倍数1134.38x 孖展资金775.9亿 捷利预测倍数1463.35x
排名 券商 孖展资金
1 富途证券富途 448.5亿
2 辉立证券辉立 161.0亿
3 老虎国际老虎 74.6亿
4 华泰国际华泰 28.4亿
5 盈立证券盈立 15.7亿
6 华盛证券华盛 12.1亿
7 致富证券致富 11.8亿
8 复星国际复星 11.1亿
9 熊猫证券熊猫 5.0亿
孖展倍数
时间倍数
2026-05-26T06:00:00+08:000
2026-05-26T09:10:01+08:000.04736842105263158
2026-05-26T10:05:18+08:000.11345029239766082
2026-05-26T10:05:45+08:000.1280701754385965
2026-05-26T10:59:48+08:000.20116959064327486
2026-05-26T11:15:46+08:000.1554093567251462
2026-05-26T11:15:53+08:000.3912280701754386
2026-05-26T11:16:06+08:000.39956140350877195
2026-05-26T11:16:12+08:001.4814327485380117
2026-05-26T12:03:29+08:001.7141812865497077
2026-05-26T12:03:40+08:001.7662280701754387
2026-05-26T12:04:05+08:001.8447368421052632
2026-05-26T12:04:15+08:001.938157894736842
2026-05-26T12:04:28+08:001.9652046783625732
2026-05-26T12:08:28+08:002.2576023391812865
2026-05-26T13:39:10+08:002.3323099415204678
2026-05-26T13:39:13+08:002.389473684210526
2026-05-26T13:39:16+08:002.4046783625730996
2026-05-26T13:39:19+08:002.464619883040936
2026-05-26T13:39:22+08:002.4681286549707604
2026-05-26T13:39:25+08:002.965204678362573
2026-05-26T14:32:37+08:003.121637426900585
2026-05-26T14:32:42+08:003.2239766081871344
2026-05-26T14:32:48+08:003.300877192982456
2026-05-26T14:32:51+08:003.377485380116959
2026-05-26T14:32:53+08:003.4096491228070174
2026-05-26T14:32:56+08:003.482748538011696
2026-05-26T15:16:06+08:003.560672514619883
2026-05-26T15:16:13+08:003.5584795321637426
2026-05-26T15:16:21+08:003.5830409356725146
2026-05-26T15:16:23+08:003.672514619883041
2026-05-26T15:16:26+08:003.674122807017544
2026-05-26T15:16:29+08:003.8495614035087717
2026-05-26T16:07:51+08:003.8464912280701755
2026-05-26T16:08:03+08:003.8890350877192983
2026-05-26T16:08:06+08:003.982894736842105
2026-05-26T16:08:09+08:004.112573099415204
2026-05-26T16:08:12+08:004.129824561403509
2026-05-26T16:08:15+08:004.276023391812865
2026-05-26T17:16:48+08:004.304093567251462
2026-05-26T17:16:51+08:004.364766081871345
2026-05-26T17:16:54+08:004.715058479532164
2026-05-26T17:16:56+08:004.988157894736842
2026-05-26T17:17:02+08:004.98859649122807
2026-05-26T17:17:05+08:006.786842105263158
2026-05-26T18:01:01+08:006.802923976608187
2026-05-26T18:01:17+08:006.7292397660818715
2026-05-26T18:02:08+08:006.868567251461989
2026-05-26T18:07:07+08:007.397076023391813
2026-05-26T18:07:16+08:007.394883040935673
2026-05-26T18:07:26+08:007.39546783625731
2026-05-26T18:07:31+08:007.483187134502924
2026-05-26T20:00:03+08:0010.407163742690058
2026-05-26T20:00:08+08:0010.420029239766082
2026-05-26T20:00:13+08:0010.430847953216375
2026-05-26T20:00:18+08:0010.56374269005848
2026-05-26T20:00:23+08:0010.726754385964913
2026-05-26T20:00:28+08:0011.340789473684211
2026-05-26T20:00:33+08:0011.34356725146199
2026-05-26T20:23:20+08:0011.467397660818714
2026-05-26T20:23:25+08:0011.506432748538012
2026-05-26T20:23:32+08:0011.556432748538011
2026-05-26T20:23:37+08:0011.606871345029239
2026-05-26T20:23:44+08:0012.030847953216375
2026-05-26T21:38:11+08:0012.039912280701754
2026-05-26T21:38:16+08:0012.044298245614035
2026-05-26T21:38:20+08:0012.071783625730994
2026-05-26T21:38:25+08:0012.217982456140351
2026-05-26T22:03:09+08:0012.237865497076024
2026-05-26T22:03:15+08:0012.235380116959064
2026-05-26T22:05:43+08:0012.254970760233919
2026-05-26T22:05:48+08:0013.336842105263157
2026-05-27T08:36:14+08:0013.533625730994151
2026-05-27T08:36:34+08:0013.533625730994151
2026-05-27T08:36:43+08:0013.697222222222223
2026-05-27T08:36:53+08:0013.698830409356725
2026-05-27T08:36:59+08:0013.700438596491228
2026-05-27T08:37:06+08:0018.13026315789474
2026-05-27T09:19:51+08:0018.230701754385965
2026-05-27T09:20:23+08:0018.406432748538013
2026-05-27T09:20:46+08:0018.409649122807018
2026-05-27T09:20:55+08:0018.75482456140351
2026-05-27T09:21:02+08:0018.756140350877192
2026-05-27T09:21:07+08:0019.03391812865497
2026-05-27T09:21:13+08:0019.297076023391813
2026-05-27T09:21:52+08:0019.965350877192982
2026-05-27T10:12:18+08:0020.033333333333335
2026-05-27T10:12:41+08:0020.05950292397661
2026-05-27T10:12:45+08:0020.19751461988304
2026-05-27T10:12:47+08:0020.19795321637427
2026-05-27T10:12:54+08:0021.572222222222223
2026-05-27T10:12:57+08:0021.59809941520468
2026-05-27T11:06:29+08:0021.603947368421053
2026-05-27T11:06:35+08:0021.653508771929825
2026-05-27T11:06:38+08:0021.8390350877193
2026-05-27T11:06:44+08:0022.54108187134503
2026-05-27T11:06:47+08:0024.222368421052632
2026-05-27T12:01:14+08:0024.27529239766082
2026-05-27T12:01:22+08:0024.393421052631577
2026-05-27T12:03:39+08:0024.47529239766082
2026-05-27T12:10:54+08:0025.001608187134504
2026-05-27T12:10:58+08:0025.105994152046783
2026-05-27T13:45:25+08:0025.123684210526317
2026-05-27T13:45:32+08:0025.136549707602338
2026-05-27T13:45:37+08:0025.148830409356727
2026-05-27T13:45:40+08:0025.276169590643274
2026-05-27T13:45:46+08:0026.6796783625731
2026-05-27T13:45:50+08:0026.751315789473683
2026-05-27T14:07:16+08:0026.773245614035087
2026-05-27T14:07:19+08:0026.811988304093568
2026-05-27T14:07:22+08:0026.905555555555555
2026-05-27T14:07:24+08:0026.905847953216373
2026-05-27T14:07:30+08:0026.907309941520467
2026-05-27T14:07:33+08:0027.141228070175437
2026-05-27T14:08:02+08:0028.249122807017542
2026-05-27T15:13:25+08:0029.42719298245614
2026-05-27T15:13:37+08:0029.48172514619883
2026-05-27T15:13:40+08:0029.85409356725146
2026-05-27T15:13:42+08:0029.92923976608187
2026-05-27T15:13:47+08:0029.93786549707602
2026-05-27T15:13:50+08:0032.291666666666664
2026-05-27T16:17:28+08:0032.577777777777776
2026-05-27T16:17:37+08:0032.60014619883041
2026-05-27T16:17:40+08:0032.953216374269005
2026-05-27T16:17:45+08:0032.95497076023392
2026-05-27T16:17:50+08:0033.00921052631579
2026-05-27T16:17:53+08:0034.25190058479532
2026-05-27T17:07:10+08:0037.57426900584795
2026-05-27T17:07:13+08:0039.7672514619883
2026-05-27T17:07:22+08:0040.79634502923977
2026-05-27T17:07:51+08:0048.09692982456141
2026-05-27T17:07:54+08:0048.11608187134503
2026-05-27T17:07:59+08:0073.40847953216374
2026-05-27T17:08:02+08:0073.49195906432749
2026-05-27T17:23:07+08:0075.24634502923976
2026-05-27T17:23:20+08:0087.67324561403508
2026-05-27T18:04:23+08:0091.1529239766082
2026-05-27T18:04:32+08:0092.64561403508772
2026-05-27T18:04:42+08:0094.02412280701755
2026-05-27T18:04:46+08:0093.95570175438597
2026-05-27T18:05:55+08:0097.8296783625731
2026-05-27T18:06:03+08:00108.42909356725146
2026-05-27T19:58:16+08:00109.51593567251462
2026-05-27T19:58:28+08:00110.11535087719298
2026-05-27T19:58:32+08:00110.70336257309941
2026-05-27T19:58:44+08:00111.18640350877193
2026-05-27T19:58:48+08:00112.54502923976608
2026-05-27T19:58:53+08:00113.125
2026-05-27T19:58:58+08:00120.94663742690058
2026-05-27T20:14:10+08:00121.42631578947369
2026-05-27T20:14:16+08:00123.07675438596492
2026-05-27T20:14:21+08:00123.69766081871344
2026-05-27T20:14:30+08:00124.36885964912281
2026-05-27T20:14:45+08:00131.89809941520468
2026-05-27T21:35:37+08:00132.40804093567252
2026-05-27T21:35:42+08:00133.48859649122807
2026-05-27T21:35:46+08:00133.8858187134503
2026-05-27T21:35:51+08:00141.98523391812864
2026-05-27T21:35:56+08:00142.44283625730995
2026-05-27T22:05:37+08:00143.6576023391813
2026-05-27T22:05:43+08:00143.73347953216376
2026-05-27T22:05:47+08:00144.1187134502924
2026-05-27T22:05:52+08:00149.08947368421053
2026-05-28T08:06:03+08:00149.97704678362572
2026-05-28T08:06:07+08:00150.3843567251462
2026-05-28T08:06:24+08:00150.70497076023392
2026-05-28T08:06:30+08:00153.4299707602339
2026-05-28T08:06:37+08:00153.4299707602339
2026-05-28T08:06:48+08:00177.26038011695906
2026-05-28T09:26:37+08:00180.38377192982455
2026-05-28T09:26:52+08:00181.7095029239766
2026-05-28T09:26:59+08:00181.91681286549706
2026-05-28T09:27:06+08:00183.6266081871345
2026-05-28T09:27:13+08:00183.74415204678363
2026-05-28T09:27:20+08:00185.2061403508772
2026-05-28T09:27:27+08:00191.94590643274853
2026-05-28T10:06:17+08:00192.50497076023393
2026-05-28T10:06:30+08:00192.984649122807
2026-05-28T10:06:36+08:00195.20526315789473
2026-05-28T10:06:42+08:00195.20540935672514
2026-05-28T10:06:57+08:00196.06608187134503
2026-05-28T10:07:06+08:00208.9608187134503
2026-05-28T11:14:05+08:00209.55672514619883
2026-05-28T11:18:39+08:00212.81447368421053
2026-05-28T11:19:14+08:00212.86213450292396
2026-05-28T11:19:46+08:00224.61652046783627
2026-05-28T11:20:55+08:00225.56593567251463
2026-05-28T11:21:19+08:00225.71666666666667
2026-05-28T12:00:15+08:00226.26988304093567
2026-05-28T12:01:45+08:00226.55511695906432
2026-05-28T12:10:05+08:00226.58040935672514
2026-05-28T12:10:48+08:00227.643567251462
2026-05-28T12:11:37+08:00236.6201754385965
2026-05-28T12:13:01+08:00237.4796783625731
2026-05-28T13:42:35+08:00237.68815789473683
2026-05-28T13:43:36+08:00239.39342105263157
2026-05-28T13:43:57+08:00239.43976608187134
2026-05-28T13:44:21+08:00246.5011695906433
2026-05-28T13:45:22+08:00246.7437134502924
2026-05-28T13:45:41+08:00247.2672514619883
2026-05-28T13:49:32+08:00249.16783625730994
2026-05-28T14:09:45+08:00249.58786549707602
2026-05-28T14:10:51+08:00250.48815789473684
2026-05-28T14:11:12+08:00250.47733918128654
2026-05-28T14:11:39+08:00257.43640350877195
2026-05-28T14:12:06+08:00257.8156432748538
2026-05-28T14:12:55+08:00258.12295321637424
2026-05-28T14:14:48+08:00266.3877192982456
2026-05-28T15:14:54+08:00269.14152046783624
2026-05-28T15:15:19+08:00269.1919590643275
2026-05-28T15:16:09+08:00269.937134502924
2026-05-28T15:16:38+08:00270.33464912280704
2026-05-28T15:17:19+08:00271.1043859649123
2026-05-28T15:17:47+08:00282.3470760233918
2026-05-28T16:15:08+08:00282.65745614035086
2026-05-28T16:17:27+08:00282.83187134502924
2026-05-28T16:17:51+08:00284.67748538011693
2026-05-28T16:18:20+08:00285.2141812865497
2026-05-28T16:19:16+08:00285.3421052631579
2026-05-28T16:19:43+08:00297.1842105263158
2026-05-28T16:44:46+08:00298.5
2026-05-28T17:05:04+08:00298.8377192982456
2026-05-28T17:05:42+08:00306.7498538011696
2026-05-28T17:06:14+08:00307.25380116959064
2026-05-28T17:06:46+08:00308.1352339181287
2026-05-28T17:07:27+08:00339.10014619883043
2026-05-28T17:07:51+08:00340.2359649122807
2026-05-28T17:26:46+08:00395.06052631578945
2026-05-28T18:00:56+08:00396.37631578947367
2026-05-28T18:01:08+08:00396.75847953216373
2026-05-28T18:02:31+08:00397.27412280701753
2026-05-28T18:05:24+08:00403.83391812865494
2026-05-28T18:05:58+08:00407.26461988304095
2026-05-28T18:06:34+08:00407.403216374269
2026-05-28T18:07:06+08:00425.70730994152046
2026-05-28T20:04:23+08:00429.46769005847955
2026-05-28T20:06:07+08:00430.1437134502924
2026-05-28T20:06:41+08:00431.4849415204678
2026-05-28T20:21:05+08:00432.3286549707602
2026-05-28T20:21:44+08:00435.8255847953216
2026-05-28T20:22:04+08:00439.1906432748538
2026-05-28T20:22:41+08:00454.9654970760234
2026-05-28T20:23:01+08:00473.72280701754386
2026-05-28T21:43:05+08:00473.8695906432749
2026-05-28T21:43:10+08:00477.0862573099415
2026-05-28T21:43:37+08:00478.0048245614035
2026-05-28T21:43:57+08:00499.700730994152
2026-05-28T22:05:27+08:00500.28187134502923
2026-05-28T22:05:42+08:00513.5919590643275
2026-05-28T22:06:12+08:00514.2817251461988
2026-05-28T22:06:59+08:00540.6706140350877
2026-05-29T08:43:52+08:00545.0353801169591
2026-05-29T08:44:05+08:00560.3228070175438
2026-05-29T08:45:02+08:00560.3540935672514
2026-05-29T08:45:16+08:00561.5840643274854
2026-05-29T08:45:36+08:00714.1425438596491
2026-05-29T08:46:17+08:00714.1425438596491
2026-05-29T09:04:42+08:00716.587134502924
2026-05-29T09:10:15+08:00716.3422514619883
2026-05-29T09:10:46+08:00718.9334795321637
2026-05-29T09:11:03+08:00753.889619883041
2026-05-29T09:11:36+08:00759.9172514619883
2026-05-29T09:12:12+08:00760.3865497076023
2026-05-29T09:12:50+08:00767.6964912280702
2026-05-29T09:18:36+08:00788.5510233918129
2026-05-29T10:07:25+08:00804.8445906432748
2026-05-29T10:08:09+08:00955.5317251461988
2026-05-29T11:13:03+08:00957.7919590643274
2026-05-29T14:40:14+08:001122.9966374269006
2026-05-29T16:05:10+08:001134.38
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
17,473
→
人均手数
83.1
→
认购倍数
73x
73x = 17,473 × 83.1 ÷ 20,000 孖展加权 100% → 1463.3x
1x17123.0x
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
0.51
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
0.61
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 1421.54x 和当前分配手法 (甲组 α=0.512, 乙组 α=0.612) 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

标志首钢朗泽中签预测矩阵

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 首钢朗泽(02553)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