孖展动态 孖展倍数3967.68x 孖展资金3890.6亿 捷利预测倍数5118.31x
排名 券商 孖展资金
1 富途证券富途 2280.4亿
2 辉立证券辉立 819.0亿
3 老虎国际老虎 361.8亿
4 华泰国际华泰 151.3亿
5 致富证券致富 65.0亿
6 华盛证券华盛 50.3亿
7 盈立证券盈立 48.6亿
8 复星国际复星 47.0亿
9 熊猫证券熊猫 29.5亿
孖展倍数
时间倍数
2026-06-09T06:00:00+08:000
2026-06-09T10:08:59+08:000.15878033856822354
2026-06-09T10:09:05+08:000.16214562512747296
2026-06-09T10:09:11+08:000.7253722210891291
2026-06-09T10:09:18+08:000.7704466653069549
2026-06-09T10:09:26+08:001.576075871915154
2026-06-09T11:03:27+08:003.1611258413216397
2026-06-09T11:04:12+08:003.9143381603100145
2026-06-09T11:05:56+08:009.176422598409138
2026-06-09T11:13:44+08:009.482357740159086
2026-06-09T12:17:50+08:009.998470324291251
2026-06-09T12:18:11+08:0011.550377320008158
2026-06-09T12:18:19+08:0012.033958800734244
2026-06-09T12:18:37+08:0012.201203344890883
2026-06-09T12:18:53+08:0014.196308382622885
2026-06-09T12:19:05+08:0015.10544564552315
2026-06-09T12:19:16+08:0019.92902304711401
2026-06-09T13:47:15+08:0020.718845604731797
2026-06-09T13:48:43+08:0021.44156638792576
2026-06-09T13:48:54+08:0022.110544564552313
2026-06-09T13:49:21+08:0026.250866816234957
2026-06-09T13:49:32+08:0026.4187232306751
2026-06-09T13:49:46+08:0026.72669794003671
2026-06-09T14:06:37+08:0026.93973077707526
2026-06-09T14:06:56+08:0027.096369569651234
2026-06-09T14:07:21+08:0029.154089333061393
2026-06-09T14:07:33+08:0029.49541097287375
2026-06-09T14:07:46+08:0030.014684886803998
2026-06-09T14:07:59+08:0034.7872730981032
2026-06-09T14:08:51+08:0035.296961044258616
2026-06-09T15:08:53+08:0035.532021211503164
2026-06-09T15:09:05+08:0035.87038547827861
2026-06-09T15:09:16+08:0040.52059963287783
2026-06-09T15:09:26+08:0040.75810728125637
2026-06-09T15:09:53+08:0040.9895982051805
2026-06-09T15:10:12+08:0041.030593514174996
2026-06-09T16:06:17+08:0041.77503569243321
2026-06-09T16:06:28+08:0042.00907607587192
2026-06-09T16:06:35+08:0042.633183765041814
2026-06-09T16:06:43+08:0043.52712624923516
2026-06-09T16:07:09+08:0043.63787477054864
2026-06-09T16:07:23+08:0043.84346318580461
2026-06-09T16:07:35+08:0044.283907811543955
2026-06-09T16:07:50+08:0051.932286355292675
2026-06-09T17:17:16+08:0053.2958392820722
2026-06-09T17:17:28+08:0053.79553334693045
2026-06-09T17:17:38+08:0054.21996736691821
2026-06-09T17:17:52+08:0054.26697940036712
2026-06-09T17:17:57+08:0054.42188456047318
2026-06-09T17:18:09+08:0055.355598613094024
2026-06-09T17:18:24+08:0055.426677544360594
2026-06-09T17:18:40+08:0055.762390373240876
2026-06-09T17:18:49+08:0061.626147256781564
2026-06-09T17:46:48+08:0064.88945543544769
2026-06-09T18:08:47+08:0068.52008974097491
2026-06-09T18:10:25+08:0068.51152355700592
2026-06-09T18:11:41+08:0068.61523557005914
2026-06-09T18:11:53+08:0068.6234958188864
2026-06-09T18:12:18+08:0068.6351213542729
2026-06-09T18:12:25+08:0068.81368549867427
2026-06-09T18:12:39+08:0068.85926983479503
2026-06-09T18:12:44+08:0071.38833367326127
2026-06-09T19:49:40+08:0071.42708545788292
2026-06-09T19:49:45+08:0071.46053436671426
2026-06-09T19:50:01+08:0071.46104425861718
2026-06-09T19:50:06+08:0071.91760146848868
2026-06-09T19:50:21+08:0071.95023455027534
2026-06-09T19:50:30+08:0072.02702427085458
2026-06-09T19:50:39+08:0075.7084438099123
2026-06-09T19:50:53+08:0075.70925963695697
2026-06-09T20:02:00+08:0075.77105853559046
2026-06-09T20:12:46+08:0076.16846828472364
2026-06-09T20:13:00+08:0076.21405262084438
2026-06-09T20:13:10+08:0076.25922904344279
2026-06-09T20:13:19+08:0079.66530695492555
2026-06-09T21:53:13+08:0079.91474607383235
2026-06-09T21:53:22+08:0080.50193758923108
2026-06-09T21:53:41+08:0080.59259636956965
2026-06-09T21:53:49+08:0080.57893126657149
2026-06-09T21:53:58+08:0082.1290026514379
2026-06-09T21:54:05+08:0082.12981847848256
2026-06-09T22:04:41+08:0082.55873954721599
2026-06-09T22:04:57+08:0082.6809096471548
2026-06-09T22:05:06+08:0082.69661431776463
2026-06-09T22:05:16+08:0084.60361003467266
2026-06-10T08:31:10+08:0084.60361003467266
2026-06-10T08:31:26+08:0086.1356312461758
2026-06-10T08:31:32+08:0088.53946563328574
2026-06-10T08:31:47+08:00102.47991025902509
2026-06-10T08:32:05+08:00102.54915357944115
2026-06-10T08:32:23+08:00102.8997552518866
2026-06-10T08:59:06+08:00104.63338772180298
2026-06-10T09:04:30+08:00109.26504181113604
2026-06-10T09:05:03+08:00109.6815215174383
2026-06-10T09:05:18+08:00109.7677952274118
2026-06-10T09:05:28+08:00112.90872934937794
2026-06-10T09:05:45+08:00113.61727513767082
2026-06-10T09:05:58+08:00113.73903732408729
2026-06-10T09:06:13+08:00114.58831327758516
2026-06-10T09:07:22+08:00117.8080766877422
2026-06-10T09:49:09+08:00117.83530491535794
2026-06-10T09:49:16+08:00117.84876606159494
2026-06-10T10:02:16+08:00118.89159698143993
2026-06-10T10:02:32+08:00119.1155415052009
2026-06-10T10:03:29+08:00119.57485213134815
2026-06-10T10:03:39+08:00119.74413624311646
2026-06-10T10:03:46+08:00120.7127269018968
2026-06-10T10:03:57+08:00120.90719967366918
2026-06-10T10:06:03+08:00130.33
2026-06-10T11:02:01+08:00127.69753212318989
2026-06-10T11:02:18+08:00127.84295329390169
2026-06-10T11:07:40+08:00128.7775851519478
2026-06-10T11:07:50+08:00129.2456659188252
2026-06-10T11:08:12+08:00129.41474607383236
2026-06-10T11:08:15+08:00135.9719559453396
2026-06-10T12:16:26+08:00136.67713644707322
2026-06-10T12:16:31+08:00136.91342035488478
2026-06-10T12:16:53+08:00137.09800122374057
2026-06-10T12:17:07+08:00138.13471344075057
2026-06-10T12:17:15+08:00138.3324495207016
2026-06-10T12:17:24+08:00143.0030593514175
2026-06-10T13:43:32+08:00143.2182337344483
2026-06-10T13:43:35+08:00143.4358555986131
2026-06-10T13:43:38+08:00144.0751580664899
2026-06-10T13:43:41+08:00144.34907199673668
2026-06-10T13:43:47+08:00144.45370181521517
2026-06-10T13:43:50+08:00148.99173975117276
2026-06-10T14:07:36+08:00149.38486640832144
2026-06-10T14:07:45+08:00149.490210075464
2026-06-10T14:07:48+08:00149.95441566387925
2026-06-10T14:07:52+08:00150.24668570263105
2026-06-10T14:08:07+08:00150.27727921680605
2026-06-10T14:08:10+08:00155.04986742810524
2026-06-10T14:08:35+08:00157.42953293901692
2026-06-10T15:21:25+08:00157.92637160921885
2026-06-10T15:21:33+08:00158.042830919845
2026-06-10T15:22:07+08:00158.23393840505813
2026-06-10T15:22:10+08:00158.60483377523965
2026-06-10T15:22:13+08:00158.74107689169895
2026-06-10T15:22:15+08:00164.02355700591474
2026-06-10T16:02:25+08:00164.3099122985927
2026-06-10T16:02:29+08:00164.44207627982868
2026-06-10T16:08:46+08:00165.18947583112381
2026-06-10T16:08:49+08:00165.4126045278401
2026-06-10T16:08:55+08:00165.48205180501733
2026-06-10T16:08:57+08:00173.05904548235773
2026-06-10T17:03:59+08:00173.22659596165613
2026-06-10T17:04:02+08:00173.46899857230267
2026-06-10T17:04:06+08:00174.6051397103814
2026-06-10T17:04:08+08:00174.97634101570466
2026-06-10T17:04:15+08:00175.0030593514175
2026-06-10T17:13:18+08:00179.6838670201917
2026-06-10T17:32:00+08:00196.81623495818886
2026-06-10T18:04:10+08:00198.30511931470528
2026-06-10T18:04:32+08:00201.38405058127677
2026-06-10T18:04:43+08:00201.4095451764226
2026-06-10T18:04:53+08:00201.5557821741791
2026-06-10T18:05:13+08:00202.03069549255557
2026-06-10T18:05:17+08:00202.27656536814195
2026-06-10T18:05:29+08:00202.34937793187845
2026-06-10T18:05:34+08:00206.27554558433613
2026-06-10T20:07:54+08:00206.2921680603712
2026-06-10T20:08:00+08:00206.42657556598002
2026-06-10T20:08:06+08:00206.91923312257802
2026-06-10T20:08:11+08:00206.95512951254335
2026-06-10T20:08:19+08:00207.28472363858862
2026-06-10T20:08:25+08:00209.5690393636549
2026-06-10T20:08:30+08:00209.66367530083622
2026-06-10T20:08:35+08:00209.87864572710586
2026-06-10T20:08:39+08:00209.9425861717316
2026-06-10T20:08:44+08:00210.1540893330614
2026-06-10T20:08:49+08:00213.9578829288191
2026-06-10T22:04:43+08:00214.0292677952274
2026-06-10T22:04:47+08:00214.2677952274118
2026-06-10T22:04:52+08:00214.43412196614318
2026-06-10T22:04:57+08:00214.68794615541506
2026-06-10T22:05:01+08:00218.73648786457272
2026-06-10T22:05:11+08:00219.76810116255353
2026-06-10T22:05:15+08:00219.87681011625534
2026-06-10T22:05:20+08:00220.23251070772997
2026-06-10T22:05:24+08:00226.60615949418724
2026-06-11T07:52:20+08:00226.60615949418724
2026-06-11T07:53:20+08:00228.08270446665307
2026-06-11T07:53:24+08:00228.31450132571894
2026-06-11T08:15:20+08:00230.62186416479707
2026-06-11T08:15:24+08:00231.10350805629207
2026-06-11T08:15:29+08:00254.72170099938813
2026-06-11T09:07:23+08:00254.9389149500306
2026-06-11T09:07:30+08:00256.3080766877422
2026-06-11T09:07:34+08:00258.26147256781564
2026-06-11T09:07:37+08:00259.4792983887416
2026-06-11T09:07:40+08:00259.9071996736692
2026-06-11T09:07:43+08:00267.8003263308179
2026-06-11T10:07:26+08:00270.4211707118091
2026-06-11T10:07:47+08:00270.47215990210077
2026-06-11T10:07:56+08:00271.0225372221089
2026-06-11T10:10:00+08:00275.2036508260249
2026-06-11T10:10:26+08:00279.35233530491536
2026-06-11T10:10:29+08:00279.9979604323883
2026-06-11T10:10:40+08:00280.0334489088313
2026-06-11T10:10:44+08:00302.7440342647359
2026-06-11T11:16:28+08:00302.7983887415868
2026-06-11T11:16:46+08:00305.67030389557414
2026-06-11T11:16:55+08:00306.0899449316745
2026-06-11T11:17:01+08:00307.34621660208035
2026-06-11T11:17:24+08:00307.552620844381
2026-06-11T11:17:30+08:00323.68560065266166
2026-06-11T11:51:28+08:00325.07250662859474
2026-06-11T12:18:30+08:00325.10034672649397
2026-06-11T12:18:54+08:00326.8905771976341
2026-06-11T12:19:01+08:00327.0453803793596
2026-06-11T12:19:20+08:00327.29390169284113
2026-06-11T12:19:47+08:00339.3885376300224
2026-06-11T12:20:08+08:00339.76249235162146
2026-06-11T13:40:19+08:00339.7887007954314
2026-06-11T13:40:31+08:00340.117479094432
2026-06-11T13:41:14+08:00341.5377320008158
2026-06-11T13:41:22+08:00353.4182133387722
2026-06-11T13:41:39+08:00354.2302671833571
2026-06-11T13:41:51+08:00354.3332653477463
2026-06-11T13:52:00+08:00355.862941056496
2026-06-11T14:05:10+08:00355.9063838466245
2026-06-11T14:05:35+08:00357.568529471752
2026-06-11T14:05:41+08:00357.65847440342645
2026-06-11T14:06:04+08:00358.1157454619621
2026-06-11T14:06:24+08:00369.65969814399347
2026-06-11T14:06:55+08:00376.7945135631246
2026-06-11T15:07:06+08:00383.9210687334285
2026-06-11T15:07:47+08:00385.6828472363859
2026-06-11T15:07:54+08:00386.0368141953906
2026-06-11T15:08:14+08:00386.8131756067714
2026-06-11T15:08:31+08:00387.4358555986131
2026-06-11T15:08:40+08:00402.9467672853355
2026-06-11T16:09:04+08:00410.4829696104426
2026-06-11T16:09:51+08:00448.4991841729553
2026-06-11T16:10:10+08:00450.7261880481338
2026-06-11T16:10:43+08:00451.5631246175811
2026-06-11T16:10:49+08:00453.2206812155823
2026-06-11T16:11:03+08:00632.1927391393025
2026-06-11T16:44:26+08:00638.3114419743015
2026-06-11T17:12:11+08:00638.3588619212727
2026-06-11T17:12:38+08:00650.3112380175403
2026-06-11T17:12:53+08:00678.5962675912707
2026-06-11T17:13:00+08:00685.93881297165
2026-06-11T17:13:32+08:00691.5774015908628
2026-06-11T17:13:42+08:00852.2749337140526
2026-06-11T17:41:26+08:00856.3540689373853
2026-06-11T17:45:59+08:001055.2119110748522
2026-06-11T18:08:54+08:001057.8633489700183
2026-06-11T18:08:59+08:001058.1024882724862
2026-06-11T18:09:22+08:001066.5666938609015
2026-06-11T18:09:37+08:001085.7338364266775
2026-06-11T18:09:42+08:001091.9214766469509
2026-06-11T18:10:03+08:001095.1171731592901
2026-06-11T18:10:52+08:001139.5834183153172
2026-06-11T18:11:38+08:001257.4296349173976
2026-06-11T19:56:15+08:001278.8080766877422
2026-06-11T19:56:34+08:001284.325718947583
2026-06-11T19:56:39+08:001302.0372221089128
2026-06-11T19:56:43+08:001305.7640220273302
2026-06-11T19:56:57+08:001308.3779318784418
2026-06-11T19:57:01+08:001405.216602080359
2026-06-11T20:12:15+08:001409.1169692025292
2026-06-11T20:12:29+08:001423.0255965735264
2026-06-11T20:12:34+08:001425.3689577809505
2026-06-11T20:12:50+08:001427.1968182745259
2026-06-11T20:12:55+08:001515.1531715276362
2026-06-11T22:02:50+08:001519.3538649806242
2026-06-11T22:03:04+08:001536.2102794207628
2026-06-11T22:03:09+08:001538.5413012441363
2026-06-11T22:03:22+08:001540.476748929227
2026-06-11T22:03:27+08:001642.3327554558434
2026-06-11T22:03:36+08:001670.1196206404243
2026-06-11T22:03:46+08:001673.8806852947175
2026-06-11T22:04:00+08:001676.1832551499083
2026-06-11T22:11:57+08:001796.1812155822965
2026-06-12T08:55:21+08:001821.3846624515602
2026-06-12T08:55:26+08:001900.518356108505
2026-06-12T08:55:54+08:001903.4782786049357
2026-06-12T08:56:00+08:001906.6445033652865
2026-06-12T08:56:13+08:001906.6445033652865
2026-06-12T08:56:20+08:002537.2686110544564
2026-06-12T08:56:34+08:002557.8682439322865
2026-06-12T09:17:59+08:002563.730879053641
2026-06-12T09:18:29+08:002585.067101774424
2026-06-12T09:18:41+08:002586.0478278604937
2026-06-12T09:18:50+08:002768.46675504793
2026-06-12T09:19:07+08:002792.31990617989
2026-06-12T09:19:44+08:002799.8915969814398
2026-06-12T09:20:25+08:002885.6251274729757
2026-06-12T10:08:40+08:002922.06292066082
2026-06-12T10:08:59+08:003316.076789720579
2026-06-12T11:08:30+08:003320.9340199877624
2026-06-12T11:22:27+08:003936.8834387109932
2026-06-12T17:07:43+08:003967.68
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
18,787
→
人均手数
80.6
→
认购倍数
57x
57x = 18,787 × 80.6 ÷ 26,704 孖展加权 100% → 5118.3x
1x10198.0x
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 5144.97x 和当前分配手法 (甲组 α=0.513, 乙组 α=0.613) 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

标志琻捷电子中签预测矩阵

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 琻捷电子(06675)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