孖展動態 孖展倍數1071.89x 孖展資金1311.9億 捷利預測倍數1382.74x
排名 券商 孖展資金
1 富途证券富途 876.2億
2 辉立证券辉立 187.0億
3 老虎国际老虎 120.4億
4 华泰国际华泰 39.8億
5 招银国际招银 21.0億
6 华盛证券华盛 16.5億
7 盈立证券盈立 13.8億
8 信诚证券信诚 10.0億
9 长桥证券长桥 7.0億
孖展倍數
時間倍數
2026-04-09T06:00:00+08:000
2026-04-09T10:12:18+08:000.16341204346760357
2026-04-09T10:12:31+08:000.21635754555110712
2026-04-09T10:12:41+08:000.7610098864286298
2026-04-09T10:13:08+08:002.460495138491707
2026-04-09T11:01:25+08:002.5557643598333195
2026-04-09T11:07:35+08:004.092572922624397
2026-04-09T11:08:27+08:0011.16014380259825
2026-04-09T12:14:06+08:0011.177465479205818
2026-04-09T12:15:04+08:0012.064466051147969
2026-04-09T12:15:22+08:0017.048533376909877
2026-04-09T13:44:43+08:0017.059727101887407
2026-04-09T13:44:57+08:0018.055314976713785
2026-04-09T13:45:57+08:0022.54914617207288
2026-04-09T14:06:33+08:0022.569654383528064
2026-04-09T14:07:08+08:0022.800473894926057
2026-04-09T14:08:15+08:0027.449546531579376
2026-04-09T14:09:31+08:0027.93978266198219
2026-04-09T14:10:46+08:0028.966173707002206
2026-04-09T14:12:02+08:0030.22460985374622
2026-04-09T15:17:08+08:0030.246670479614348
2026-04-09T15:17:28+08:0035.40232045101724
2026-04-09T15:18:02+08:0035.7730206716235
2026-04-09T15:18:43+08:0035.873355666312605
2026-04-09T16:10:39+08:0036.99477081460903
2026-04-09T16:10:51+08:0037.62627665658959
2026-04-09T16:11:13+08:0041.67889533458616
2026-04-09T16:12:25+08:0041.99330010621783
2026-04-09T16:13:29+08:0042.81036032355585
2026-04-09T17:07:28+08:0042.956287278372415
2026-04-09T17:08:25+08:0043.895416292180734
2026-04-09T17:08:56+08:0043.99019527739194
2026-04-09T17:10:08+08:0047.3483127706512
2026-04-09T18:05:03+08:0047.48002287768608
2026-04-09T18:06:06+08:0047.42626031538524
2026-04-09T18:06:19+08:0048.16096086281559
2026-04-09T18:06:42+08:0053.259416619004824
2026-04-09T18:07:05+08:0063.71778740093145
2026-04-09T18:08:49+08:0064.83846719503228
2026-04-09T18:16:58+08:0065.14895007762073
2026-04-09T22:29:51+08:0068.7848680447749
2026-04-09T22:29:55+08:0072.290056377155
2026-04-09T22:29:59+08:0074.47977775962089
2026-04-09T22:30:03+08:0076.35084565732494
2026-04-09T22:33:16+08:0077.36375520875889
2026-04-09T22:33:20+08:0078.0991094043631
2026-04-09T22:33:25+08:0078.60037584769998
2026-04-09T22:33:29+08:0079.6690906119781
2026-04-09T22:35:47+08:0079.89754064874582
2026-04-09T22:35:51+08:0080.13538687801291
2026-04-09T22:35:55+08:0080.19266279924831
2026-04-09T22:35:59+08:0080.31628401013154
2026-04-09T22:41:13+08:0080.40411798349538
2026-04-10T08:40:27+08:0080.79312035297
2026-04-10T08:40:36+08:0080.85489010540077
2026-04-10T08:41:17+08:0080.85489010540077
2026-04-10T08:41:26+08:0082.19830051474794
2026-04-10T08:41:35+08:0082.43541138981944
2026-04-10T08:42:08+08:0095.0998447585587
2026-04-10T09:07:10+08:0095.12174197238336
2026-04-10T09:07:32+08:0095.24299370863632
2026-04-10T09:07:46+08:0095.5682653811586
2026-04-10T09:08:58+08:0097.85603398970504
2026-04-10T09:10:37+08:00100.15581338344636
2026-04-10T10:05:31+08:00100.23670234496282
2026-04-10T10:05:48+08:00100.4377808644497
2026-04-10T10:06:06+08:00105.96110793365472
2026-04-10T10:07:42+08:00106.96012746139391
2026-04-10T10:08:18+08:00108.10401176566712
2026-04-10T11:11:30+08:00108.11937249775309
2026-04-10T11:12:12+08:00108.22689762235477
2026-04-10T11:12:23+08:00109.141188005556
2026-04-10T11:12:51+08:00116.24144129422338
2026-04-10T11:36:45+08:00117.30361957676281
2026-04-10T12:09:50+08:00119.0017158264564
2026-04-10T12:10:16+08:00119.14421112836015
2026-04-10T12:10:27+08:00120.30402810687147
2026-04-10T12:11:02+08:00125.45967807827437
2026-04-10T13:40:39+08:00125.61369392924259
2026-04-10T13:41:02+08:00125.78405098455757
2026-04-10T13:41:14+08:00126.16643516627175
2026-04-10T13:41:37+08:00129.63077048778496
2026-04-10T14:13:24+08:00129.6987498978675
2026-04-10T14:14:02+08:00129.72914453795244
2026-04-10T14:14:17+08:00130.0981289321023
2026-04-10T14:15:35+08:00134.3795244709535
2026-04-10T14:18:32+08:00136.43598333197156
2026-04-10T15:15:55+08:00136.53288667374787
2026-04-10T15:16:32+08:00142.34218481902116
2026-04-10T15:16:42+08:00143.69589018710678
2026-04-10T15:17:52+08:00143.7115777432797
2026-04-10T16:25:31+08:00144.6920500040853
2026-04-10T16:25:53+08:00144.69213171010705
2026-04-10T16:26:15+08:00145.76779148623254
2026-04-10T16:26:35+08:00149.84492197074925
2026-04-10T16:27:34+08:00149.85922052455265
2026-04-10T16:59:27+08:00157.21276248059482
2026-04-10T17:19:06+08:00157.18016177792305
2026-04-10T17:19:24+08:00162.90775390146254
2026-04-10T17:20:30+08:00162.98978674728326
2026-04-10T17:20:42+08:00164.41171664351663
2026-04-10T17:46:31+08:00185.0016341204347
2026-04-10T18:02:16+08:00185.06021733801782
2026-04-10T18:03:46+08:00186.992319633957
2026-04-10T18:06:43+08:00187.26472751041752
2026-04-10T18:07:12+08:00187.70357055314977
2026-04-10T18:07:31+08:00190.75120516382057
2026-04-10T22:39:38+08:00191.61753411226408
2026-04-10T22:39:42+08:00191.85080480431407
2026-04-10T22:39:47+08:00192.47217909959963
2026-04-10T22:39:51+08:00193.05016749734455
2026-04-10T22:45:37+08:00195.20720647111693
2026-04-10T22:45:41+08:00197.99338181223956
2026-04-10T22:45:45+08:00201.53125255331318
2026-04-10T22:45:49+08:00204.83217583135877
2026-04-10T22:46:09+08:00204.93610589100416
2026-04-10T22:46:13+08:00204.93651442111283
2026-04-10T22:46:17+08:00204.92809870087424
2026-04-10T22:46:21+08:00204.92156221913555
2026-04-10T22:48:02+08:00204.9412533703734
2026-04-11T10:22:20+08:00219.21529536726857
2026-04-11T10:22:24+08:00222.9574311626767
2026-04-11T10:22:28+08:00225.9642127624806
2026-04-11T10:24:20+08:00226.5314976713784
2026-04-11T10:26:55+08:00227.6067489173952
2026-04-11T10:26:59+08:00229.5301086690089
2026-04-11T10:27:02+08:00229.59906855135225
2026-04-11T10:27:06+08:00229.85873028842227
2026-04-11T10:27:23+08:00229.93177547185226
2026-04-11T10:27:26+08:00229.94076313424299
2026-04-11T10:29:33+08:00229.94076313424299
2026-04-11T11:27:37+08:00234.883977449138
2026-04-11T11:28:33+08:00234.95898357708964
2026-04-11T11:28:56+08:00235.4793692295122
2026-04-11T11:29:16+08:00235.4877849497508
2026-04-11T12:34:11+08:00235.49791649644578
2026-04-11T12:35:04+08:00237.33630198545632
2026-04-11T12:35:47+08:00237.4295285562546
2026-04-11T12:36:02+08:00237.7899338181224
2026-04-11T13:05:52+08:00239.71819593104013
2026-04-11T13:06:09+08:00239.78331563036195
2026-04-11T13:06:26+08:00240.29920745158918
2026-04-11T13:07:13+08:00240.30206716234986
2026-04-11T15:08:32+08:00242.10777024266687
2026-04-11T15:08:57+08:00245.09821063812402
2026-04-11T15:09:34+08:00245.11152871966664
2026-04-11T15:09:45+08:00245.1143884304273
2026-04-11T15:10:17+08:00245.51188822616226
2026-04-11T15:10:32+08:00245.7167252226489
2026-04-11T15:12:55+08:00245.7285725958003
2026-04-11T15:13:04+08:00245.73102377645233
2026-04-11T18:06:29+08:00247.52855625459597
2026-04-11T18:06:41+08:00249.26072391535257
2026-04-11T18:06:54+08:00250.7722853174279
2026-04-11T18:07:22+08:00250.84590244301006
2026-04-11T18:07:30+08:00250.85946564261786
2026-04-11T18:07:39+08:00250.8665740665087
2026-04-11T18:11:22+08:00250.87057766157366
2026-04-11T18:11:31+08:00250.8762153770733
2026-04-11T18:11:38+08:00250.87433613857343
2026-04-11T18:12:59+08:00251.37797205654056
2026-04-11T18:13:11+08:00251.78347904240542
2026-04-11T18:13:22+08:00252.00065364817388
2026-04-11T22:52:02+08:00254.2884222567203
2026-04-11T22:52:06+08:00255.35060053925974
2026-04-11T22:52:11+08:00256.33924340223876
2026-04-11T22:52:16+08:00257.376909878258
2026-04-11T22:59:37+08:00257.62210964948116
2026-04-11T22:59:41+08:00257.9859465642618
2026-04-11T22:59:46+08:00258.61042568837325
2026-04-11T22:59:50+08:00258.76828172236293
2026-04-11T23:02:54+08:00258.7812729798186
2026-04-12T10:19:55+08:00260.99722199526104
2026-04-12T10:21:11+08:00261.0137266116513
2026-04-12T10:22:13+08:00261.1264809216439
2026-04-12T10:22:48+08:00272.9738540730452
2026-04-12T10:23:03+08:00276.5444072228123
2026-04-12T13:12:11+08:00278.05694909714845
2026-04-12T13:13:56+08:00278.07819266279927
2026-04-12T13:14:32+08:00283.43810768853666
2026-04-12T13:14:47+08:00287.0495138491707
2026-04-12T16:23:41+08:00287.06593675953917
2026-04-12T16:24:11+08:00287.8347087180325
2026-04-12T16:25:11+08:00293.18645314159653
2026-04-12T16:25:30+08:00295.95628727837243
2026-04-12T18:18:28+08:00295.9644578805458
2026-04-12T18:19:51+08:00298.17681183103196
2026-04-12T18:20:45+08:00301.77187678731923
2026-04-12T18:20:58+08:00306.1349783479042
2026-04-12T20:07:57+08:00306.13881853092573
2026-04-12T20:08:52+08:00308.16627175422826
2026-04-12T20:09:25+08:00311.9084075496364
2026-04-12T20:09:39+08:00315.80578478633873
2026-04-12T22:11:05+08:00317.75038810360326
2026-04-12T22:12:14+08:00322.85701446196583
2026-04-12T22:12:31+08:00329.05033090938804
2026-04-13T08:43:49+08:00331.00424871313015
2026-04-13T08:43:57+08:00335.42225672032026
2026-04-13T08:44:52+08:00335.42225672032026
2026-04-13T08:45:19+08:00369.64073862243646
2026-04-13T09:15:24+08:00371.6516872293488
2026-04-13T09:15:57+08:00387.4127788217992
2026-04-13T09:16:45+08:00387.33523980717376
2026-04-13T09:17:38+08:00390.19495056785684
2026-04-13T09:19:08+08:00396.9130647928752
2026-04-13T10:02:46+08:00397.0848925565814
2026-04-13T10:04:01+08:00398.6604297736743
2026-04-13T10:05:28+08:00427.1022959392107
2026-04-13T11:09:07+08:00427.43614674401505
2026-04-13T11:09:48+08:00431.78045591960125
2026-04-13T11:10:22+08:00450.6382057357627
2026-04-13T11:13:36+08:00455.31636571615326
2026-04-13T11:45:25+08:00456.5419560421603
2026-04-13T12:02:42+08:00456.64098374050167
2026-04-13T12:09:00+08:00457.12051638205736
2026-04-13T12:09:32+08:00458.85431816324865
2026-04-13T12:10:30+08:00471.33899828417356
2026-04-13T13:46:40+08:00471.3426750551516
2026-04-13T13:47:07+08:00473.14780619331646
2026-04-13T13:47:45+08:00489.13767464662146
2026-04-13T13:48:05+08:00490.7717950812975
2026-04-13T13:48:26+08:00491.04354930958414
2026-04-13T14:08:14+08:00491.3389165781518
2026-04-13T14:08:55+08:00492.2541874336139
2026-04-13T14:09:14+08:00503.52144783070514
2026-04-13T14:09:58+08:00503.51948688618353
2026-04-13T14:10:56+08:00508.0322738785849
2026-04-13T15:11:18+08:00508.42568837323313
2026-04-13T15:11:40+08:00522.756924585342
2026-04-13T15:12:23+08:00524.69368412452
2026-04-13T16:05:19+08:00538.08530108669
2026-04-13T16:05:41+08:00539.2586812648092
2026-04-13T16:06:36+08:00539.5017566794672
2026-04-13T17:11:32+08:00552.7626440068633
2026-04-13T17:11:57+08:00552.9331644742217
2026-04-13T17:12:18+08:00555.2235476754637
2026-04-13T17:28:58+08:00556.8086444970994
2026-04-13T17:30:46+08:00622.1734618841408
2026-04-13T17:32:16+08:00632.795244709535
2026-04-13T18:12:47+08:00632.8310319470545
2026-04-13T18:13:40+08:00634.5529046490726
2026-04-13T18:14:22+08:00644.4311626766893
2026-04-13T18:15:51+08:00647.1326905792957
2026-04-13T20:32:35+08:00647.1951139799003
2026-04-13T20:37:15+08:00650.760928180407
2026-04-13T20:37:35+08:00659.3155486559359
2026-04-13T20:37:49+08:00668.0989459923196
2026-04-13T22:09:26+08:00671.0933899828417
2026-04-13T22:10:05+08:00685.0079254841082
2026-04-13T22:10:21+08:00699.0858730288422
2026-04-14T08:35:16+08:00701.215131955225
2026-04-14T08:35:24+08:00713.176811831032
2026-04-14T08:36:22+08:00713.176811831032
2026-04-14T08:37:44+08:00837.0513113816488
2026-04-14T09:02:00+08:00838.2670969850478
2026-04-14T09:03:41+08:00842.3796061769752
2026-04-14T09:05:03+08:00852.2786175341123
2026-04-14T09:07:05+08:00896.3916986681918
2026-04-14T09:26:10+08:00898.4343492115369
2026-04-14T10:07:51+08:00986.1294223384264
2026-04-14T10:08:33+08:00991.5987417272653
2026-04-14T11:06:46+08:00992.5276574883569
2026-04-14T13:45:45+08:001048.9048124846802
2026-04-14T13:48:33+08:001055.4412942233844
2026-04-14T16:28:18+08:001071.89
捷利預測倍數
時間倍數
券商孖展資金走勢
時間券商孖展資金
預測模型 一手期望中籤手數— 期望中籤1手所需手數—
倍數推導
近期首日表現
+4.6%
→
參與人數
17,325
→
人均手數
79.4
→
認購倍數
43x
43x = 17,325 × 79.4 ÷ 32,124 孖展加權 100% → 1382.7x
1x8170.0x
分配手法係數 α
分配手法係數
反映發行人對不同申購規模的分配偏好。
α → 0  人均分配 — 每人獲配相同股數,與申購手數無關。
α → 1  按申購量比例分配 — 申購手數越多,獲配越多。
歷史 α 區間(P10–P90):甲組 0.3 – 0.9,乙組 0.4 – 1.0
0.54
分配手法係數 α
分配手法係數
反映發行人對不同申購規模的分配偏好。
α → 0  人均分配 — 每人獲配相同股數,與申購手數無關。
α → 1  按申購量比例分配 — 申購手數越多,獲配越多。
歷史 α 區間(P10–P90):甲組 0.3 – 0.9,乙組 0.4 – 1.0
0.64
此模型不適用分配手法調節

實際 vs 預測 對比

以實際認購倍數 1590.56x 和當前分配手法 (甲組 α=0.544, 乙組 α=0.644) 為基準,對比各檔位的實際與預測期望中籤手數

申購手數 認購金額(HKD) 實際期望中籤 預測期望中籤 偏差

標誌MANYCORE TECH中籤預測矩陣

行為申購檔位,列為不同認購倍數,數值為期望中籤手數,綠色背景表示期望中籤≥1手;非預設倍數由相鄰網格插值估計。

發售機制說明

機制B

《第18項應用指引》下的靈活發售機制。最低初訂分配份額爲發售股份的10%,不設回補機制。最高初訂分配份額爲發售股份的60%(因《第18項應用指引》規定發售股份總數至少40%須分配予配售部分投資者,基石投資者除外)。發行人可根據發售結構、市場狀況及散戶投資者利益,自行釐定公開認購部分的初訂分配份額。

分配手法係數 α

α 為發行人分配偏好係數,描述發行人對不同申購規模的分配傾向。α 取值範圍 [0, 1]。

  • α → 0:人均分配——無論申購多少手,每位中籤者獲配股數相同。對散戶(小單申購)更有利。
  • α → 1:比例分配——獲配股數與申購手數成正比。對大額申購更有利。
  • 歷史實際 α 區間(P10–P90):甲組 0.3–0.9,乙組 0.4–1.0。不同IPO的α值差異較大,反映發行人各自的分配策略。
中籤率定義

本頁面的「中籤率」定義與港交所配發結果公告完全一致:中籤率 = 該檔位獲配股份總數 ÷ 該檔位有效申請股份總數 × 100%。此為港交所官方口徑,與其他網站可能使用的不同定義(如「申購人數中籤比例」)有本質區別。

期望中籤手數

期望中籤手數 = 該檔位獲配總股數 ÷ 每手股數 ÷ 該檔位申購人數

例:某檔位獲配總股數 50,000 股,每手 100 股,申購人數 500 人 → 期望中籤手數 = 50,000 ÷ 100 ÷ 500 = 1.0 手。

關於本頁

本頁展示 MANYCORE TECH(00068)的中籤預測:基於相似 IPO 匹配的期望中籤率、甲乙組資金效率對比。
默認認購倍數按「近期首日表現 → 參與人數 → 人均手數 → 認購倍數」鏈條推導,公式為 認購倍數 = 參與人數 × 人均手數 ÷ 公開發售手數;其中參與人數與人均手數以近期 IPO 的中位數為基準,再按發行規模、A+H 身份、H 股折溢價、行業、併發 IPO、保薦人歷史表現與恒指近期走勢等特徵調節。
認購窗口前期默認倍數以模型推導為準;隨認購進度推進逐步結合孖展倍數加權;臨近截止(進度約九成後)默認倍數以孖展倍數預測為準。
中籤率預測基於歷史 592 隻 IPO 的 22087 條配發檔位數據做迴歸擬合與 KNN 相似匹配,估計各申購檔位的期望中籤手數,並結合分配手法係數 α(人均分配至比例分配)給出區間。你可以自訂認購倍數與分配手法係數 α,覆蓋 cibo 的默認預測,查看不同場景下的期望中籤手數。中籤率的計算方式與回撥規則見港股中籤率怎麼算。
數據來源:港交所披露易平台公開發售配發結果公告、招股說明書、FINI 平台公告;孖展數據(孖展倍數、捷利預測倍數及券商明細)來自捷利交易寶(TradeGo),倍數僅覆蓋已上報券商,捷利預測倍數為全市場外推值。
孖展倍數盤中實時更新;中籤率預測模型隨新股配發數據入庫不定期迭代。

Cibo — 港股IPO中籤率預測、中籤畫像與入通分析