孖展动态 孖展倍数214.6x 孖展资金386.3亿 捷利预测倍数248.93x
排名 券商 孖展资金
1 富途证券富途 257.2亿
2 辉立证券辉立 55.0亿
3 老虎国际老虎 35.6亿
4 华泰国际华泰 17.3亿
5 华盛证券华盛 6.0亿
6 长桥证券长桥 4.1亿
7 信诚证券信诚 3.0亿
8 卓锐证券 2.9亿
9 盈立证券盈立 2.6亿
11 TradeGo MarketsTradeGo 1.7亿
12 艾德证券艾德 6784万
13 盈宝证券盈宝 828万
14 FunderstoneFunderstone 405万
孖展倍数
时间倍数
2025-12-18T06:00:00+08:000
2025-12-18T10:25:57+08:000.002666518526748514
2025-12-18T11:09:57+08:000.24104216432420422
2025-12-18T11:11:31+08:000.9632242653185934
2025-12-18T11:35:16+08:001.018776734625854
2025-12-18T12:03:38+08:002.7816232431531582
2025-12-18T12:05:48+08:002.9345591911560467
2025-12-18T12:06:19+08:004.190044997500139
2025-12-18T13:48:48+08:004.495583578690073
2025-12-18T13:49:30+08:004.5517471251597135
2025-12-18T13:50:18+08:004.564468640631076
2025-12-18T14:03:56+08:004.669351702683184
2025-12-18T14:04:31+08:004.670962724293095
2025-12-18T14:06:10+08:005.126492972612633
2025-12-18T14:09:06+08:005.3089272818176765
2025-12-18T14:48:36+08:005.364479751124938
2025-12-18T15:31:55+08:005.388256207988445
2025-12-18T15:32:27+08:005.388478417865674
2025-12-18T15:33:44+08:005.966224098661185
2025-12-18T16:57:18+08:005.966446308538415
2025-12-18T16:58:02+08:005.968835064718626
2025-12-18T16:58:46+08:006.1132714849175045
2025-12-18T17:01:07+08:006.1203266485195265
2025-12-18T17:05:34+08:006.1678240097772346
2025-12-18T17:06:55+08:006.8011221598800065
2025-12-18T17:34:46+08:007.38997833453697
2025-12-18T18:11:08+08:007.528859507805122
2025-12-18T18:11:37+08:007.52930392755958
2025-12-18T18:12:23+08:007.666518526748514
2025-12-18T18:13:46+08:008.449808343980889
2025-12-18T18:17:47+08:009.111771568246208
2025-12-18T20:25:22+08:009.11193822565413
2025-12-18T20:26:11+08:009.203322037664574
2025-12-18T20:27:11+08:0010.179156713515916
2025-12-18T20:27:37+08:0010.226598522304316
2025-12-18T20:28:27+08:0010.704349758346758
2025-12-18T20:28:44+08:0010.893228153991444
2025-12-18T21:38:09+08:0010.966835175823565
2025-12-18T21:38:41+08:0010.980278873395923
2025-12-18T21:39:14+08:0011.113604799733348
2025-12-18T22:06:14+08:0011.17621243264263
2025-12-18T22:06:48+08:0011.267540692183768
2025-12-18T22:07:17+08:0011.345314149213932
2025-12-19T08:38:56+08:0011.454752513749236
2025-12-19T08:40:31+08:0012.499138936725737
2025-12-19T08:42:44+08:0012.698794511416033
2025-12-19T08:46:43+08:0012.698794511416033
2025-12-19T09:03:26+08:0012.718626742958724
2025-12-19T09:04:02+08:0012.59096716849064
2025-12-19T09:06:53+08:0012.54291428253986
2025-12-19T09:07:27+08:0012.292928170657186
2025-12-19T09:10:25+08:0012.511027165157492
2025-12-19T09:39:38+08:0012.788789511693794
2025-12-19T10:14:28+08:0012.792455974668075
2025-12-19T10:15:36+08:0012.746847397366812
2025-12-19T10:15:58+08:0012.78745625243042
2025-12-19T10:16:20+08:0013.49297261263263
2025-12-19T11:08:05+08:0013.452085995222488
2025-12-19T11:08:53+08:0013.51369368368424
2025-12-19T11:11:01+08:0014.158102327648464
2025-12-19T12:04:36+08:0012.708127326259651
2025-12-19T12:04:39+08:0012.710238320093328
2025-12-19T12:05:40+08:0012.721904338647853
2025-12-19T12:06:47+08:0013.749625020832177
2025-12-19T13:42:15+08:0013.77390144991945
2025-12-19T13:43:29+08:0013.79556691294928
2025-12-19T13:44:05+08:0014.201099938892284
2025-12-19T13:44:27+08:0014.256652408199544
2025-12-19T14:09:27+08:0014.27581801011055
2025-12-19T14:10:00+08:0014.30803844230876
2025-12-19T14:10:24+08:0014.469140603299817
2025-12-19T14:11:03+08:0014.428253985889674
2025-12-19T14:13:36+08:0014.535414699183379
2025-12-19T15:08:31+08:0014.56074662518749
2025-12-19T15:09:06+08:0014.587856230209432
2025-12-19T15:09:28+08:0014.898950058330092
2025-12-19T16:00:49+08:0014.931948225098605
2025-12-19T16:01:13+08:0015.431920448863952
2025-12-19T16:04:14+08:0015.425365257485696
2025-12-19T16:04:45+08:0015.473862563190934
2025-12-19T16:05:45+08:0015.73495916893506
2025-12-19T17:03:25+08:0015.710682739847787
2025-12-19T17:03:54+08:0015.735014721404367
2025-12-19T17:05:02+08:0016.529581689906117
2025-12-19T17:05:52+08:0020.423809788345093
2025-12-19T17:37:41+08:0020.701572134881395
2025-12-19T17:38:29+08:0021.679295594689183
2025-12-19T18:10:03+08:0021.67874006999611
2025-12-19T18:10:47+08:0021.915393589245042
2025-12-19T18:11:17+08:0022.33525915226932
2025-12-19T18:11:53+08:0025.112882617632355
2025-12-19T18:21:14+08:0026.043108716182434
2025-12-19T20:20:17+08:0026.043942003222043
2025-12-19T20:21:03+08:0026.100438864507527
2025-12-19T20:21:20+08:0026.36059107827343
2025-12-19T20:21:56+08:0027.338314538081217
2025-12-19T20:22:32+08:0027.462918726737403
2025-12-19T20:22:52+08:0027.663074273651464
2025-12-19T20:23:21+08:0028.41858785623021
2025-12-19T22:20:34+08:0028.427754013665908
2025-12-19T22:20:48+08:0028.430253874784736
2025-12-19T22:21:17+08:0028.55158046775179
2025-12-19T22:21:37+08:0028.61063274262541
2025-12-19T22:22:09+08:0029.39947780678851
2025-12-19T22:22:26+08:0030.110549413921447
2025-12-19T23:05:50+08:0030.677795678017887
2025-12-19T23:06:29+08:0030.729626131881563
2025-12-20T10:12:34+08:0030.91383812010444
2025-12-20T10:20:21+08:0031.425531914893618
2025-12-20T10:25:02+08:0034.38647852897061
2025-12-20T10:25:06+08:0034.792011554913614
2025-12-20T10:25:10+08:0037.00299983334259
2025-12-20T10:29:06+08:0037.345425254152545
2025-12-20T10:29:10+08:0037.347036275762456
2025-12-20T10:33:56+08:0037.347036275762456
2025-12-20T12:34:45+08:0037.34442530970502
2025-12-20T12:34:49+08:0037.41847675129159
2025-12-20T12:37:23+08:0038.407310704960835
2025-12-20T12:37:50+08:0038.69062829842787
2025-12-20T12:40:08+08:0038.6970168323982
2025-12-20T12:40:33+08:0038.722959835564694
2025-12-20T12:41:12+08:0038.72929281706572
2025-12-20T12:41:20+08:0038.740903283150935
2025-12-20T15:51:27+08:0038.75073607021832
2025-12-20T15:51:55+08:0038.751069385034164
2025-12-20T15:53:06+08:0038.79162268762847
2025-12-20T15:53:10+08:0038.755069162824284
2025-12-20T15:53:14+08:0038.765957446808514
2025-12-20T15:56:05+08:0039.01038831176046
2025-12-20T15:56:09+08:0039.50480528859508
2025-12-20T15:56:13+08:0039.79367812899283
2025-12-20T15:58:08+08:0039.79428920615521
2025-12-20T15:58:12+08:0039.799011166046334
2025-12-20T15:58:16+08:0039.798788956169105
2025-12-20T16:00:46+08:0039.822454308093995
2025-12-20T21:43:27+08:0039.8836731292706
2025-12-20T21:43:32+08:0039.8959502249875
2025-12-20T21:43:38+08:0039.89939447808455
2025-12-20T21:43:43+08:0039.90706071884895
2025-12-20T21:43:48+08:0039.908560635520246
2025-12-20T21:49:37+08:0039.989556135770236
2025-12-20T21:49:42+08:0040.00144436420199
2025-12-20T21:49:52+08:0040.056107994000335
2025-12-20T21:49:57+08:0040.15171379367813
2025-12-20T21:50:02+08:0040.157657907894006
2025-12-20T21:50:08+08:0040.154102549858344
2025-12-20T21:53:08+08:0040.51519360035554
2025-12-20T21:53:13+08:0040.95961335481362
2025-12-20T21:53:17+08:0041.448475084717515
2025-12-20T21:53:22+08:0042.12065996333537
2025-12-20T21:53:26+08:0042.181767679573355
2025-12-20T21:53:32+08:0042.6595189156158
2025-12-20T21:57:25+08:0042.660407755124716
2025-12-20T21:57:33+08:0042.66362979834454
2025-12-20T21:57:37+08:0042.68035109160602
2025-12-20T22:05:48+08:0042.67751791567135
2025-12-20T22:08:11+08:0043.10282762068774
2025-12-20T22:08:54+08:0043.375034720293314
2025-12-21T10:05:30+08:0043.40564413088162
2025-12-21T10:06:36+08:0044.421032164879726
2025-12-21T10:08:46+08:0044.46358535636909
2025-12-21T10:09:34+08:0046.046830731626024
2025-12-21T10:10:02+08:0046.346814065885226
2025-12-21T10:10:19+08:0047.15232487084051
2025-12-21T12:23:20+08:0047.15621354369202
2025-12-21T12:23:45+08:0047.206488528415086
2025-12-21T12:24:42+08:0047.45936336870174
2025-12-21T12:25:12+08:0047.67046275206933
2025-12-21T12:25:33+08:0048.06488528415088
2025-12-21T16:30:51+08:0048.09088383978668
2025-12-21T16:32:19+08:0048.122437642353205
2025-12-21T16:33:26+08:0048.38131214932504
2025-12-21T16:35:00+08:0049.686795178045664
2025-12-21T16:35:23+08:0050.114549191711575
2025-12-21T18:12:37+08:0050.1178267874007
2025-12-21T18:12:57+08:0050.11904894172546
2025-12-21T18:13:05+08:0050.11943780901061
2025-12-21T18:13:58+08:0050.30314982500972
2025-12-21T18:14:35+08:0050.49758346758514
2025-12-21T18:14:55+08:0050.464251986000775
2025-12-21T20:08:36+08:0050.46452974834732
2025-12-21T20:08:59+08:0050.48058441197711
2025-12-21T20:09:12+08:0050.49602799844453
2025-12-21T20:09:39+08:0050.78490083884228
2025-12-21T20:10:12+08:0050.785289706127436
2025-12-21T20:10:22+08:0050.87156269096161
2025-12-21T20:10:51+08:0051.060441086606296
2025-12-21T21:09:20+08:0051.12999277817899
2025-12-21T21:09:36+08:0051.225820787734015
2025-12-21T21:10:18+08:0052.103549802788734
2025-12-21T22:11:36+08:0052.118993389256154
2025-12-21T22:11:59+08:0052.24537525693017
2025-12-21T22:12:36+08:0052.60646630742737
2025-12-22T08:59:11+08:0052.78256763513138
2025-12-22T08:59:14+08:0052.95461363257597
2025-12-22T09:00:43+08:0055.52113771457141
2025-12-22T09:01:32+08:0055.542358757846785
2025-12-22T09:02:04+08:0055.542358757846785
2025-12-22T09:05:11+08:0055.84895283595356
2025-12-22T09:06:22+08:0056.05466362979834
2025-12-22T09:07:53+08:0057.97677906782957
2025-12-22T10:04:57+08:0059.08782845397478
2025-12-22T10:05:41+08:0059.09743903116494
2025-12-22T10:06:26+08:0059.08905060829954
2025-12-22T10:06:52+08:0059.2548191767124
2025-12-22T10:07:30+08:0062.72129326148547
2025-12-22T11:10:13+08:0062.738292317093496
2025-12-22T11:10:56+08:0062.98961168823954
2025-12-22T11:11:36+08:0063.95755791344925
2025-12-22T11:12:33+08:0066.77406810732737
2025-12-22T12:21:21+08:0066.77267929559468
2025-12-22T12:22:12+08:0067.14076995722459
2025-12-22T12:23:11+08:0070.15726904060885
2025-12-22T12:24:18+08:0070.15032498194545
2025-12-22T13:51:51+08:0072.15021387700683
2025-12-22T13:52:23+08:0072.23248708405089
2025-12-22T13:52:44+08:0072.25837453474807
2025-12-22T13:53:37+08:0072.33075940225542
2025-12-22T14:03:05+08:0072.35842453197044
2025-12-22T14:04:08+08:0072.36742403199823
2025-12-22T14:05:30+08:0072.86056330203877
2025-12-22T14:06:15+08:0077.04921948780623
2025-12-22T14:08:56+08:0079.93867007388478
2025-12-22T15:20:16+08:0079.93028165101938
2025-12-22T15:21:06+08:0080.01499916671295
2025-12-22T15:24:26+08:0080.50597189045052
2025-12-22T15:25:14+08:0082.85028609521693
2025-12-22T16:05:05+08:0083.3174268096217
2025-12-22T16:07:24+08:0087.28942836509083
2025-12-22T16:08:31+08:0088.40047775123604
2025-12-22T17:11:54+08:0088.4085328592856
2025-12-22T17:12:49+08:0089.61979890006111
2025-12-22T17:13:48+08:0095.17504583078718
2025-12-22T17:17:10+08:00111.94078106771846
2025-12-22T17:59:21+08:00112.32964835286928
2025-12-22T18:00:42+08:00113.94244764179768
2025-12-22T18:08:31+08:00114.4659741125493
2025-12-22T18:09:13+08:00118.09355035831342
2025-12-22T18:13:52+08:00119.09277262374313
2025-12-22T19:58:28+08:00119.09632798177878
2025-12-22T19:58:48+08:00119.6098550080551
2025-12-22T19:59:24+08:00123.58741181045498
2025-12-22T20:04:39+08:00123.5944114215877
2025-12-22T20:04:57+08:00123.63979778901172
2025-12-22T20:05:32+08:00128.53397033498138
2025-12-22T21:31:10+08:00128.53747014054775
2025-12-22T21:31:28+08:00128.31420476640187
2025-12-22T21:32:05+08:00132.57507916226876
2025-12-22T22:09:56+08:00132.57935670240542
2025-12-22T22:10:14+08:00133.2341536581301
2025-12-22T22:10:45+08:00139.1393811454919
2025-12-23T08:48:21+08:00139.15288039553357
2025-12-23T08:48:28+08:00140.26420754402534
2025-12-23T08:48:42+08:00140.2707627354036
2025-12-23T08:48:57+08:00140.2707627354036
2025-12-23T08:49:03+08:00140.27648463974225
2025-12-23T08:49:17+08:00140.27587356257985
2025-12-23T08:49:24+08:00140.276262429865
2025-12-23T08:49:38+08:00140.27831787122938
2025-12-23T08:49:45+08:00144.9792233764791
2025-12-23T08:49:52+08:00179.15510249430588
2025-12-23T09:08:17+08:00179.87961779901116
2025-12-23T09:08:25+08:00187.11254930281652
2025-12-23T10:08:25+08:00188.16804621965446
2025-12-23T10:08:37+08:00188.16804621965446
2025-12-23T10:08:45+08:00188.35398033442587
2025-12-23T10:08:52+08:00197.77012388200654
2025-12-23T11:00:18+08:00201.40997722348757
2025-12-23T11:07:30+08:00213.63152047108494
2025-12-23T11:33:32+08:00213.21321037720128
2025-12-23T16:47:50+08:00214.6
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
0.0%
→
参与人数
10,875
→
人均手数
29.8
→
认购倍数
15x
15x = 10,875 × 29.8 ÷ 22,223 机器人 孖展加权 100% → 248.9x
1x6097.0x
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
0.60
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
0.70
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 254.5x 和当前分配手法 (甲组 α=0.601, 乙组 α=0.701) 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

标志卧安机器人中签预测矩阵

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 卧安机器人(06600)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