孖展动态 孖展倍数2755.7168465019145x 孖展资金1583.4亿
排名 券商 孖展资金
1 富途证券富途 1140.3亿
2 老虎国际老虎 178.0亿
3 华泰国际华泰 80.5亿
4 辉立证券辉立 46.0亿
5 盈立证券盈立 37.1亿
6 华盛证券华盛 32.0亿
7 致富证券致富 31.4亿
8 复星国际复星 26.3亿
9 熊猫证券熊猫 11.7亿
孖展倍数
时间倍数
2026-06-22T06:00:00+08:000
2026-06-22T10:16:27+08:000.005395057431256526
2026-06-22T10:16:33+08:000.015315001740341106
2026-06-22T10:16:40+08:000.023146536721197354
2026-06-22T10:16:48+08:000.5104420466411417
2026-06-22T11:14:53+08:000.5226244343891403
2026-06-22T11:17:49+08:000.5377654020187956
2026-06-22T11:23:26+08:000.7292029237730595
2026-06-22T12:10:42+08:000.7316394013226593
2026-06-22T12:12:26+08:000.8304907761921336
2026-06-22T12:14:59+08:000.8402366863905325
2026-06-22T12:16:57+08:001.0838844413505047
2026-06-22T12:22:00+08:001.0852767142359903
2026-06-22T13:39:27+08:001.1061608075182736
2026-06-22T14:18:20+08:001.1689871214758092
2026-06-22T14:18:23+08:001.3219631047685347
2026-06-22T14:20:55+08:001.3221371388792202
2026-06-22T14:21:08+08:001.3270100939784197
2026-06-22T14:21:11+08:001.372955099199443
2026-06-22T14:24:52+08:001.407761921336582
2026-06-22T14:24:55+08:001.4425687434737209
2026-06-22T14:27:30+08:001.4457013574660633
2026-06-22T14:27:32+08:001.4467455621301775
2026-06-22T14:29:27+08:001.4495301079011487
2026-06-22T14:29:30+08:001.6028541594152454
2026-06-22T14:38:28+08:001.6129481378350157
2026-06-22T15:13:04+08:001.6209537069265576
2026-06-22T15:13:36+08:001.6244343891402715
2026-06-22T15:14:47+08:001.625826662025757
2026-06-22T15:15:48+08:001.6268708666898712
2026-06-22T15:15:53+08:001.68795683954055
2026-06-22T15:17:49+08:001.8619909502262444
2026-06-22T16:04:23+08:001.8776540201879568
2026-06-22T16:08:46+08:001.9049773755656108
2026-06-22T16:10:10+08:001.905499477897668
2026-06-22T16:12:56+08:001.9063696484510964
2026-06-22T16:16:10+08:002.0978071702053604
2026-06-22T17:04:04+08:002.215628263139575
2026-06-22T17:06:44+08:002.2173686042464325
2026-06-22T17:07:56+08:002.6334841628959276
2026-06-22T17:10:06+08:003.399234249912983
2026-06-22T17:11:55+08:003.408458057779325
2026-06-22T18:01:36+08:003.5624782457361643
2026-06-22T18:07:18+08:003.5920640445527323
2026-06-22T18:11:12+08:003.600765750087017
2026-06-22T18:12:48+08:003.6244343891402715
2026-06-22T18:13:57+08:004.459798120431604
2026-06-22T18:14:03+08:004.464671075530804
2026-06-22T18:14:35+08:006.727114514444831
2026-06-22T18:14:41+08:006.733727810650888
2026-06-22T20:25:31+08:006.7493908806126
2026-06-22T20:27:26+08:006.780891054646711
2026-06-22T20:28:37+08:006.794987817612252
2026-06-22T20:30:40+08:006.807344239470936
2026-06-22T20:31:41+08:007.3602506091193876
2026-06-22T20:35:22+08:007.725722241559346
2026-06-22T21:22:57+08:007.723807866341803
2026-06-22T22:05:42+08:007.724678036895232
2026-06-22T22:08:52+08:007.7506091193874
2026-06-22T22:09:58+08:007.939088061260007
2026-06-22T22:12:18+08:008.113122171945701
2026-06-23T08:37:38+08:008.77445179255134
2026-06-23T08:40:29+08:008.784893839192481
2026-06-23T08:40:35+08:008.780717020536025
2026-06-23T08:43:37+08:008.85120083536373
2026-06-23T08:43:42+08:009.138357117995128
2026-06-23T09:17:18+08:009.297250261051166
2026-06-23T09:17:30+08:009.308040375913679
2026-06-23T09:17:36+08:009.383919248172642
2026-06-23T09:17:43+08:009.726940480334145
2026-06-23T09:17:50+08:009.72798468499826
2026-06-23T09:17:55+08:0010.006439262095371
2026-06-23T10:10:07+08:0010.017577445179255
2026-06-23T10:11:07+08:0010.02018795683954
2026-06-23T10:12:31+08:0010.067699269056735
2026-06-23T10:12:55+08:0010.06996171249565
2026-06-23T10:14:51+08:0010.67908109989558
2026-06-23T11:02:41+08:0010.703967977723634
2026-06-23T11:03:31+08:0010.743473720849286
2026-06-23T11:04:44+08:0010.752001392272886
2026-06-23T11:06:33+08:0011.391750783153498
2026-06-23T11:11:34+08:0011.592064044552732
2026-06-23T11:12:03+08:0011.58649495301079
2026-06-23T11:13:15+08:0012.300034806822136
2026-06-23T12:13:09+08:0012.241559345631744
2026-06-23T12:14:49+08:0012.242255482074487
2026-06-23T12:15:12+08:0012.588583362339019
2026-06-23T12:16:01+08:0012.579881656804734
2026-06-23T12:16:31+08:0012.552384267316395
2026-06-23T12:17:00+08:0012.65680473372781
2026-06-23T13:40:18+08:0012.664810302819353
2026-06-23T13:40:50+08:0012.667594848590324
2026-06-23T13:41:27+08:0012.708666898712147
2026-06-23T13:42:10+08:0012.710407239819004
2026-06-23T13:43:26+08:0012.711451444483119
2026-06-23T13:43:56+08:0013.024712843717369
2026-06-23T14:02:01+08:0013.033762617473025
2026-06-23T14:02:52+08:0013.035851026801254
2026-06-23T14:04:34+08:0013.206752523494606
2026-06-23T14:05:52+08:0013.221719457013574
2026-06-23T14:07:35+08:0013.378350156630699
2026-06-23T14:09:02+08:0013.669161155586496
2026-06-23T15:14:01+08:0013.67664462234598
2026-06-23T15:15:18+08:0013.691437521754263
2026-06-23T15:15:54+08:0013.705012182387748
2026-06-23T15:16:38+08:0013.712495649147233
2026-06-23T15:18:06+08:0014.164984336930038
2026-06-23T15:18:49+08:0014.192481726418379
2026-06-23T16:35:06+08:0014.200835363731292
2026-06-23T16:36:25+08:0014.237208492864601
2026-06-23T16:38:50+08:0014.238252697528715
2026-06-23T16:39:38+08:0014.26923076923077
2026-06-23T16:40:29+08:0014.360772711451444
2026-06-23T16:41:21+08:0014.882875043508527
2026-06-23T17:01:48+08:0015.146362687086668
2026-06-23T17:02:26+08:0015.163418029933867
2026-06-23T17:07:22+08:0015.237730595196659
2026-06-23T17:08:01+08:0015.246258266620258
2026-06-23T17:08:34+08:0015.282805429864254
2026-06-23T17:09:30+08:0015.630873651235643
2026-06-23T18:07:23+08:0016.174556213017752
2026-06-23T18:10:51+08:0016.206056387051863
2026-06-23T18:12:01+08:0016.20866689871215
2026-06-23T18:12:59+08:0017.426905673512007
2026-06-23T18:14:43+08:0017.388966237382526
2026-06-23T18:16:40+08:0017.458579881656803
2026-06-23T18:17:20+08:0017.460668290985033
2026-06-23T18:17:59+08:0017.475287156282633
2026-06-23T20:16:16+08:0017.510964148973198
2026-06-23T20:16:56+08:0017.514270797076225
2026-06-23T20:18:04+08:0017.70240167072746
2026-06-23T20:18:53+08:0017.713713887922033
2026-06-23T20:19:58+08:0017.866863905325445
2026-06-23T20:21:16+08:0017.875391576749042
2026-06-23T20:22:07+08:0018.29307344239471
2026-06-23T21:06:43+08:0018.306648103028195
2026-06-23T22:04:21+08:0018.301427079707622
2026-06-23T22:05:03+08:0018.343021232161504
2026-06-23T22:06:27+08:0018.35172293769579
2026-06-23T22:07:45+08:0018.769404803341455
2026-06-24T08:32:48+08:0019.448137835015665
2026-06-24T08:33:51+08:0019.449530107901147
2026-06-24T08:34:05+08:0019.46206056387052
2026-06-24T08:35:21+08:0019.48224852071006
2026-06-24T08:35:43+08:0019.503480682213713
2026-06-24T08:39:30+08:0019.503480682213713
2026-06-24T09:15:45+08:0019.58162199791159
2026-06-24T09:17:02+08:0019.79986077271145
2026-06-24T09:17:36+08:0019.811347024016708
2026-06-24T09:18:08+08:0019.891228680821442
2026-06-24T09:19:04+08:0019.967803689523148
2026-06-24T09:20:35+08:0020.14183780020884
2026-06-24T09:28:12+08:0020.293943612948137
2026-06-24T10:08:21+08:0020.34476157326836
2026-06-24T10:09:06+08:0020.361990950226243
2026-06-24T10:09:39+08:0020.392969021928298
2026-06-24T10:10:30+08:0020.397493908806126
2026-06-24T10:11:18+08:0020.57152801949182
2026-06-24T11:22:45+08:0020.838844413505047
2026-06-24T11:23:10+08:0020.95440306300035
2026-06-24T11:24:01+08:0021.43978419770275
2026-06-24T11:24:52+08:0021.46327880264532
2026-06-24T11:25:23+08:0021.68604246432301
2026-06-24T11:25:59+08:0022.782457361642884
2026-06-24T12:10:54+08:0022.824051514096762
2026-06-24T12:12:03+08:0022.815871910894536
2026-06-24T12:12:24+08:0022.819874695440305
2026-06-24T12:12:55+08:0022.93821789070658
2026-06-24T12:13:54+08:0023.05012182387748
2026-06-24T12:15:04+08:0025.068917507831536
2026-06-24T13:47:31+08:0025.160633484162897
2026-06-24T13:47:51+08:0025.160807518273582
2026-06-24T13:48:17+08:0025.20971110337626
2026-06-24T13:48:43+08:0027.298120431604595
2026-06-24T13:49:18+08:0027.452488687782804
2026-06-24T13:49:47+08:0027.474242951618518
2026-06-24T14:03:40+08:0027.653324051514097
2026-06-24T14:04:39+08:0028.145144448311868
2026-06-24T14:05:05+08:0028.145492516533242
2026-06-24T14:05:36+08:0028.347198050817962
2026-06-24T14:05:58+08:0028.3807866341803
2026-06-24T14:07:02+08:0029.964497041420117
2026-06-24T14:07:56+08:0030.29098503306648
2026-06-24T15:11:50+08:0030.33344935607379
2026-06-24T15:12:38+08:0030.475635224504003
2026-06-24T15:13:01+08:0030.490428123912288
2026-06-24T15:13:32+08:0030.55099199443091
2026-06-24T15:14:30+08:0030.618169161155585
2026-06-24T15:14:54+08:0033.08945353289245
2026-06-24T16:18:44+08:0033.30194918203968
2026-06-24T16:19:56+08:0033.31256526279151
2026-06-24T16:20:32+08:0033.632439958231814
2026-06-24T16:21:40+08:0034.680473372781066
2026-06-24T16:23:22+08:0036.38600765750087
2026-06-24T16:23:43+08:0036.45979812043161
2026-06-24T17:00:41+08:0039.766446223459795
2026-06-24T17:01:12+08:0043.51531500174034
2026-06-24T17:01:50+08:0043.59937347720153
2026-06-24T17:03:56+08:0071.97598329272537
2026-06-24T17:04:28+08:0072.10146188652976
2026-06-24T17:05:06+08:0072.20849286460147
2026-06-24T17:05:37+08:00213.52419074138533
2026-06-24T18:06:22+08:00240.31691611555866
2026-06-24T18:16:08+08:00316.89192481726417
2026-06-24T18:16:42+08:00343.27427775844063
2026-06-24T18:17:56+08:00344.62756700313264
2026-06-24T18:18:20+08:00367.93717368604246
2026-06-24T18:18:58+08:00368.41054646710757
2026-06-24T18:19:31+08:00368.79933867037937
2026-06-24T18:20:07+08:00374.0203619909502
2026-06-24T18:20:47+08:00480.16376609815524
2026-06-24T20:13:48+08:00485.8712147580926
2026-06-24T20:14:42+08:00495.9707622694048
2026-06-24T20:15:56+08:00498.56804733727813
2026-06-24T20:16:31+08:00502.8609467455621
2026-06-24T20:17:04+08:00529.6735120083537
2026-06-24T20:17:51+08:00686.9655412460843
2026-06-24T21:41:25+08:00694.5221023320571
2026-06-24T22:04:33+08:00718.6754263835712
2026-06-24T22:05:12+08:00723.0605638705186
2026-06-24T22:06:00+08:00761.353289244692
2026-06-24T22:06:54+08:001003.9394361294814
2026-06-25T08:41:22+08:001033.110163592064
2026-06-25T08:41:53+08:001115.1066829098504
2026-06-25T08:43:39+08:001118.5440306300036
2026-06-25T08:43:57+08:001123.7513052558302
2026-06-25T08:44:45+08:001897.6287852419075
2026-06-25T08:49:16+08:001897.6287852419075
2026-06-25T09:04:01+08:001936.7864601461886
2026-06-25T09:05:24+08:001966.6270449008005
2026-06-25T09:06:05+08:001968.0706578489385
2026-06-25T09:06:39+08:001984.753567699269
2026-06-25T09:07:03+08:002171.579185520362
2026-06-25T09:07:35+08:002207.3336233901846
2026-06-25T09:08:05+08:002233.059867734076
2026-06-25T09:09:57+08:002344.3867037939435
2026-06-25T10:07:38+08:002352.2182387748
2026-06-25T10:08:09+08:002394.466759484859
2026-06-25T10:09:18+08:002750.4709363035154
2026-06-25T11:06:13+08:002755.7168465019145
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
32,430
→
人均手数
56.4
→
认购倍数
272x
272x = 32,430 × 56.4 ÷ 6,721 机器人 孖展加权 100% → 2755.7x
1x17402.0x
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
0.58
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
0.68
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 4571.99x 和当前分配手法 (甲组 α=0.580, 乙组 α=0.680) 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

标志来福谐波中签预测矩阵

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

18C特专科技

《主板规则》第18C章,为特专科技公司设立。机制A及机制B不适用。初订分配份额为5%,回补门槛:10倍至不足50倍→10%,50倍或以上→20%。根据第18C.08条,发售股份总数中至少50%须由配售部分的独立定价投资者认购。

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 来福谐波(03952)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