孖展动态 孖展倍数2950.76x 孖展资金3472.2亿 捷利预测倍数3865.5x
排名 券商 孖展资金
1 富途证券富途 1829.2亿
2 辉立证券辉立 866.0亿
3 老虎国际老虎 333.3亿
4 华泰国际华泰 144.5亿
6 致富证券致富 59.3亿
7 华盛证券华盛 55.0亿
8 盈立证券盈立 47.2亿
9 复星国际复星 44.5亿
10 信诚证券信诚 30.0亿
11 熊猫证券熊猫 28.4亿
12 长桥证券长桥 9.7亿
13 TradeGo MarketsTradeGo 7.8亿
14 东证国际东证 6.8亿
15 艾德证券艾德 6.7亿
16 兴证国际兴证 2.8亿
17 FunderstoneFunderstone 4925万
18 盈宝证券盈宝 4677万
孖展倍数
时间倍数
2026-08-24T06:00:00+08:000
2026-08-24T10:06:41+08:000.6798674258519589
2026-08-24T10:06:48+08:000.8296082263958529
2026-08-24T10:06:55+08:001.2490864281465115
2026-08-24T10:07:18+08:001.413359394917991
2026-08-24T10:07:24+08:001.4346052519758647
2026-08-24T10:07:30+08:002.0634826208889265
2026-08-24T11:06:54+08:002.110733406985638
2026-08-24T11:07:06+08:002.213393388289284
2026-08-24T11:07:53+08:002.8936857312824
2026-08-24T11:07:56+08:003.0285544318857824
2026-08-24T11:07:58+08:003.190787796379706
2026-08-24T11:08:01+08:007.15
2026-08-24T12:22:48+08:007.19554686836067
2026-08-24T12:22:51+08:007.413104444633296
2026-08-24T12:22:55+08:008.484235574063058
2026-08-24T12:22:58+08:008.632786606611711
2026-08-24T12:23:02+08:008.888501742160278
2026-08-24T12:23:05+08:0011.26
2026-08-24T13:48:39+08:0012.63210673918586
2026-08-24T13:48:43+08:0012.802073595648848
2026-08-24T13:48:50+08:0012.910937367213393
2026-08-24T13:48:54+08:0013.11430271097136
2026-08-24T13:48:58+08:0013.23361944420838
2026-08-24T13:49:01+08:0013.40817540579587
2026-08-24T13:49:04+08:0014.674428486445143
2026-08-24T14:12:10+08:0015.135548568029234
2026-08-24T14:12:13+08:0015.241947820175065
2026-08-24T14:12:16+08:0016.015212033653437
2026-08-24T14:12:19+08:0016.20294042661681
2026-08-24T14:12:21+08:0016.49698308829778
2026-08-24T14:12:24+08:0018.766040622078695
2026-08-24T14:12:54+08:0019.287413954278914
2026-08-24T14:43:23+08:0019.29098325826464
2026-08-24T15:11:48+08:0019.44055409195207
2026-08-24T15:11:50+08:0019.594459080479307
2026-08-24T15:11:55+08:0021.06594714030764
2026-08-24T15:11:58+08:0021.133423982323446
2026-08-24T15:12:01+08:0021.291493158834026
2026-08-24T15:12:03+08:0023.671029149315885
2026-08-24T15:12:12+08:0023.68
2026-08-24T16:14:13+08:0023.706212288603723
2026-08-24T16:14:16+08:0023.82263958528087
2026-08-24T16:14:19+08:0024.20540494603552
2026-08-24T16:14:21+08:0024.45134698733747
2026-08-24T16:14:24+08:0024.877538879918415
2026-08-24T16:14:26+08:0027.571513554856804
2026-08-24T16:14:29+08:0027.911447267782783
2026-08-24T16:16:07+08:0029.61111583241268
2026-08-24T17:04:59+08:0031.006033823404437
2026-08-24T17:05:01+08:0031.077079969405965
2026-08-24T17:05:04+08:0032.012152630237104
2026-08-24T17:05:08+08:0032.10801393728223
2026-08-24T17:05:13+08:0035.379875924194785
2026-08-24T17:05:16+08:0035.617574572958276
2026-08-24T17:06:03+08:0039.1
2026-08-24T17:46:55+08:0040.14719129769695
2026-08-24T18:02:02+08:0040.232174725928445
2026-08-24T18:02:28+08:0040.458400611880684
2026-08-24T18:02:37+08:0041.96753633041557
2026-08-24T18:18:43+08:0044.14013767315374
2026-08-24T18:20:18+08:0045.329905668394666
2026-08-24T18:20:29+08:0045.47505736381406
2026-08-24T18:20:38+08:0045.57414804113198
2026-08-24T18:20:47+08:0047.57975694739526
2026-08-24T20:40:30+08:0047.74037562675278
2026-08-24T20:40:45+08:0047.99685561315543
2026-08-24T20:40:55+08:0048.94255120251551
2026-08-24T20:41:05+08:0049.034418288433756
2026-08-24T20:41:14+08:0051.80487804878049
2026-08-24T20:41:27+08:0051.87660406220787
2026-08-24T20:41:31+08:0052.494263618594374
2026-08-24T20:41:40+08:0052.505481431120934
2026-08-24T20:41:55+08:0053.8907113112943
2026-08-24T22:24:52+08:0053.97756437494689
2026-08-24T22:25:03+08:0054.181184668989545
2026-08-24T22:25:12+08:0054.944505821364835
2026-08-24T22:25:22+08:0056.75465284269568
2026-08-24T22:25:31+08:0057.49358375116852
2026-08-24T22:25:41+08:0057.55409195206935
2026-08-24T22:25:50+08:0062.31
2026-08-25T08:41:09+08:0062.245432140732554
2026-08-25T08:41:13+08:0065.06076315118551
2026-08-25T08:41:15+08:0078.24169286989037
2026-08-25T08:41:33+08:0080.51083538709952
2026-08-25T08:41:43+08:0080.51083538709952
2026-08-25T09:01:27+08:0081.79230050140222
2026-08-25T09:01:55+08:0082.66482535905499
2026-08-25T09:04:00+08:0085.96345712586046
2026-08-25T09:04:34+08:0085.9641369932863
2026-08-25T09:04:54+08:0087.03152885187389
2026-08-25T09:05:03+08:0087.92555451686921
2026-08-25T09:05:20+08:0090.49205404946035
2026-08-25T09:35:02+08:0090.55103254865301
2026-08-25T09:35:08+08:0091.40086683096796
2026-08-25T09:35:13+08:0091.25
2026-08-25T10:09:58+08:0093.01453216622758
2026-08-25T10:10:04+08:0093.31724313758816
2026-08-25T10:10:23+08:0094.26327866066117
2026-08-25T10:10:33+08:0095.30780997705448
2026-08-25T10:11:08+08:0095.56310019546189
2026-08-25T10:11:18+08:0095.6259879323532
2026-08-25T10:11:33+08:0096.32081244157389
2026-08-25T10:11:44+08:00105.2185773774114
2026-08-25T10:51:16+08:00105.81346137503186
2026-08-25T11:14:10+08:00109.52273306705193
2026-08-25T11:14:28+08:00109.73391688620718
2026-08-25T11:14:38+08:00111.4452281805048
2026-08-25T11:14:48+08:00111.82484915441489
2026-08-25T11:15:05+08:00112.29803688280785
2026-08-25T11:15:47+08:00112.73349196906604
2026-08-25T11:15:56+08:00118.65683691680123
2026-08-25T11:48:12+08:00119.51
2026-08-25T12:05:12+08:00119.80802243562505
2026-08-25T12:08:54+08:00120.22061697968896
2026-08-25T12:09:05+08:00121.70519248746494
2026-08-25T12:09:19+08:00122.11217812526557
2026-08-25T12:09:44+08:00122.70731707317073
2026-08-25T12:09:58+08:00122.9940511600238
2026-08-25T12:10:13+08:00131.60287243987423
2026-08-25T13:43:46+08:00131.9584431035948
2026-08-25T13:43:49+08:00132.288178805133
2026-08-25T13:43:52+08:00133.40724058808533
2026-08-25T13:43:54+08:00133.7439449307385
2026-08-25T13:43:58+08:00133.98070876179145
2026-08-25T13:44:00+08:00134.08702303050904
2026-08-25T13:44:02+08:00139.79790940766551
2026-08-25T13:44:08+08:00141.57
2026-08-25T14:08:27+08:00140.34282314948584
2026-08-25T14:08:30+08:00140.59063482620888
2026-08-25T14:08:33+08:00141.50361179569984
2026-08-25T14:08:35+08:00141.96073765615705
2026-08-25T14:08:38+08:00142.18228945355656
2026-08-25T14:08:41+08:00142.48007138607971
2026-08-25T14:08:44+08:00149.40622078694653
2026-08-25T14:09:40+08:00154.99014192232514
2026-08-25T14:50:18+08:00156.0099430611031
2026-08-25T15:16:39+08:00156.04623098495793
2026-08-25T15:16:43+08:00156.4039262343843
2026-08-25T15:16:45+08:00158.57746239483302
2026-08-25T15:16:51+08:00158.94714030764
2026-08-25T15:16:52+08:00159.20633976374606
2026-08-25T15:16:55+08:00159.49468853573552
2026-08-25T15:16:58+08:00170.33857397807427
2026-08-25T15:17:51+08:00171.93
2026-08-25T16:06:38+08:00170.39500297441998
2026-08-25T16:06:41+08:00170.7917056174046
2026-08-25T16:06:44+08:00172.06926149400866
2026-08-25T16:06:47+08:00172.98912212118637
2026-08-25T16:06:49+08:00173.3437579671964
2026-08-25T16:06:53+08:00173.97535480581286
2026-08-25T16:06:55+08:00181.6918500892326
2026-08-25T17:02:00+08:00181.7455596158749
2026-08-25T17:02:53+08:00182.2936177445398
2026-08-25T17:03:34+08:00184.61986912552052
2026-08-25T17:04:03+08:00185.17158154159938
2026-08-25T17:04:08+08:00185.42245262173876
2026-08-25T17:04:13+08:00185.92037052774708
2026-08-25T17:05:24+08:00192.77
2026-08-25T17:16:17+08:00217.14
2026-08-25T17:25:34+08:00215.88552732217218
2026-08-25T17:34:13+08:00220.87
2026-08-25T18:05:00+08:00218.45942041301947
2026-08-25T18:05:03+08:00218.80555791620634
2026-08-25T18:05:07+08:00221.40460610181015
2026-08-25T18:05:09+08:00221.79060083283758
2026-08-25T18:05:12+08:00222.01682671878984
2026-08-25T18:05:15+08:00222.8046230984958
2026-08-25T18:05:20+08:00231.85535820515
2026-08-25T18:06:06+08:00236.02
2026-08-25T18:33:28+08:00235.98376816520778
2026-08-25T20:39:11+08:00236.00671369083028
2026-08-25T20:39:29+08:00236.23820854933288
2026-08-25T20:39:46+08:00238.5690490354381
2026-08-25T20:39:58+08:00238.94544063907537
2026-08-25T20:40:08+08:00239.68658111668225
2026-08-25T20:40:23+08:00244.68360669669414
2026-08-25T20:40:37+08:00245.3208124415739
2026-08-25T20:40:53+08:00246.52230814991077
2026-08-25T20:41:04+08:00247.02659981303646
2026-08-25T20:41:17+08:00247.80768250191213
2026-08-25T20:41:28+08:00252.4902693974675
2026-08-25T20:41:38+08:00256.77
2026-08-25T21:17:14+08:00253.19095776323616
2026-08-25T21:17:36+08:00256.34205829863174
2026-08-25T21:17:46+08:00256.6489334579757
2026-08-25T21:17:56+08:00257.23761366533523
2026-08-25T21:18:08+08:00265.76994985977734
2026-08-25T22:06:24+08:00272.1580691765106
2026-08-25T22:06:35+08:00272.4853403586301
2026-08-25T22:06:45+08:00273.58026684796465
2026-08-25T22:06:55+08:00288.16
2026-08-26T08:47:57+08:00291.26421347837174
2026-08-26T08:48:00+08:00291.842525707487
2026-08-26T08:48:03+08:00291.842525707487
2026-08-26T08:48:06+08:00299.43137588170305
2026-08-26T08:48:09+08:00301.70561740460613
2026-08-26T08:48:17+08:00348.1405625902949
2026-08-26T08:48:20+08:00352.53
2026-08-26T09:31:35+08:00348.3946630407071
2026-08-26T09:32:02+08:00351.08838276536073
2026-08-26T09:32:12+08:00354.23276960992604
2026-08-26T09:32:18+08:00355.082603892241
2026-08-26T09:32:33+08:00356.462564799864
2026-08-26T09:32:44+08:00358.64944335854506
2026-08-26T09:33:03+08:00362.0323786861562
2026-08-26T09:33:21+08:00374.59292937877115
2026-08-26T09:34:28+08:00389.03
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2026-08-26T10:10:11+08:00398.7555876604062
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2026-08-26T10:10:22+08:00442.7
2026-08-26T11:11:42+08:00437.5141497408005
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2026-08-26T12:12:51+08:00519.33
2026-08-26T13:43:14+08:00511.4149740800544
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2026-08-26T13:44:04+08:00519.069006543724
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2026-08-26T14:09:14+08:00541.1422622588595
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2026-08-26T14:11:02+08:00604.8
2026-08-26T15:16:13+08:00593.0817540579587
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2026-08-26T15:38:55+08:00648.7226140902524
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2026-08-26T18:12:04+08:001064.53
2026-08-26T20:32:52+08:001043.7946800373927
2026-08-26T20:33:11+08:001044.8966601512705
2026-08-26T20:33:23+08:001051.331520353531
2026-08-26T20:33:32+08:001051.8302031103935
2026-08-26T20:33:50+08:001088.8404861052095
2026-08-26T20:33:55+08:001090.2810401971615
2026-08-26T20:34:04+08:001099.5990481856038
2026-08-26T20:34:16+08:001101.052094841506
2026-08-26T20:34:34+08:001165.72
2026-08-26T21:30:03+08:001144.110138522988
2026-08-26T21:30:30+08:001153.2371037647658
2026-08-26T21:30:41+08:001155.0960312739016
2026-08-26T21:30:50+08:001206.3495368403162
2026-08-26T22:08:49+08:001218.0755502676977
2026-08-26T22:08:59+08:001220.5075210333985
2026-08-26T22:09:13+08:001317.63
2026-08-27T08:43:41+08:001309.283079799439
2026-08-27T08:43:47+08:001360.132914081754
2026-08-27T08:43:53+08:001729.6833517464095
2026-08-27T08:44:03+08:001729.6833517464095
2026-08-27T08:44:16+08:001738.011727713096
2026-08-27T09:01:02+08:001740.942721169372
2026-08-27T09:01:30+08:001760.56462989717
2026-08-27T09:06:18+08:001786.0141072490865
2026-08-27T09:06:21+08:001792.6342313248917
2026-08-27T09:06:26+08:001937.1400526897255
2026-08-27T09:07:21+08:001995.4398742245262
2026-08-27T09:08:08+08:002007.3375541769356
2026-08-27T09:28:52+08:002009.8870570238803
2026-08-27T09:29:01+08:002041.22
2026-08-27T10:29:27+08:002013.573043256565
2026-08-27T10:29:55+08:002051.753378091272
2026-08-27T10:30:06+08:002434.1023200475906
2026-08-27T10:30:17+08:002946.47
2026-08-27T11:10:34+08:002950.76
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
-0.2%
→
参与人数
58,505
→
人均手数
132.8
→
认购倍数
201x
201x = 58,505 × 132.8 ÷ 38,568 机器人 孖展加权 100% → 3865.5x
1x8498.0x
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
0.53
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
0.63
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 3835.36x 和当前分配手法 (甲组 α=0.527, 乙组 α=0.627) 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

标志梅卡曼德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

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 梅卡曼德机器人(09615)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