孖展動態 孖展倍數663.28x 孖展資金808.7億 捷利預測倍數862.26x
排名 券商 孖展資金
1 富途证券富途 397.6億
2 辉立证券辉立 232.0億
3 老虎国际老虎 83.0億
4 华泰国际华泰 30.0億
5 致富证券致富 17.3億
6 华盛证券华盛 12.0億
7 复星国际复星 9.9億
8 熊猫证券熊猫 9.9億
9 盈立证券盈立 7.9億
孖展倍數
時間倍數
2026-06-15T06:00:00+08:000
2026-06-15T10:10:10+08:000.013779527559055118
2026-06-15T10:10:17+08:000.022883858267716536
2026-06-15T10:10:24+08:000.023211942257217847
2026-06-15T10:10:31+08:000.031414041994750654
2026-06-15T11:07:44+08:000.03674540682414698
2026-06-15T11:08:43+08:000.03937007874015748
2026-06-15T11:09:55+08:000.05561023622047244
2026-06-15T11:11:20+08:000.09662073490813648
2026-06-15T12:10:18+08:000.11433727034120734
2026-06-15T12:11:20+08:000.11794619422572178
2026-06-15T12:11:52+08:000.12262139107611549
2026-06-15T12:12:19+08:000.1390255905511811
2026-06-15T12:14:07+08:000.1533792650918635
2026-06-15T12:15:07+08:000.15592191601049868
2026-06-15T13:46:26+08:000.15805446194225722
2026-06-15T13:47:41+08:000.16404199475065617
2026-06-15T13:48:15+08:000.16847112860892388
2026-06-15T13:49:25+08:000.16953740157480315
2026-06-15T13:49:56+08:000.17068569553805774
2026-06-15T14:01:20+08:000.17273622047244094
2026-06-15T14:02:01+08:000.17372047244094488
2026-06-15T14:03:32+08:000.17765748031496062
2026-06-15T14:04:00+08:000.17954396325459318
2026-06-15T14:05:13+08:000.20505249343832022
2026-06-15T14:07:25+08:000.2053805774278215
2026-06-15T15:09:26+08:000.23113517060367453
2026-06-15T15:11:39+08:000.2339238845144357
2026-06-15T15:12:09+08:000.23613845144356954
2026-06-15T15:12:36+08:000.23671259842519685
2026-06-15T15:13:10+08:000.400754593175853
2026-06-15T16:12:43+08:000.4091207349081365
2026-06-15T16:14:26+08:000.5125492125984252
2026-06-15T16:15:09+08:000.5128772965879265
2026-06-15T16:15:47+08:000.5138615485564304
2026-06-15T16:16:19+08:000.5384678477690289
2026-06-15T16:34:53+08:000.5589730971128609
2026-06-15T17:04:41+08:000.5734087926509186
2026-06-15T17:05:48+08:000.567503280839895
2026-06-15T17:06:14+08:000.572752624671916
2026-06-15T17:06:42+08:000.6163877952755905
2026-06-15T17:07:37+08:000.9444717847769029
2026-06-15T18:08:12+08:000.9603838582677166
2026-06-15T18:09:03+08:003.7490977690288716
2026-06-15T18:10:11+08:003.7346620734908136
2026-06-15T18:11:18+08:003.7533628608923886
2026-06-15T18:11:32+08:003.7568897637795278
2026-06-15T18:12:39+08:003.757463910761155
2026-06-15T18:14:30+08:003.8722933070866143
2026-06-15T18:16:49+08:003.901082677165354
2026-06-15T20:19:52+08:003.9119094488188977
2026-06-15T20:20:59+08:003.923720472440945
2026-06-15T20:22:19+08:004.106135170603674
2026-06-15T20:22:55+08:004.124507874015748
2026-06-15T20:23:52+08:004.147391732283465
2026-06-15T20:24:39+08:004.623113517060368
2026-06-15T20:25:06+08:004.705134514435696
2026-06-15T21:47:39+08:004.70874343832021
2026-06-15T22:06:28+08:004.848179133858268
2026-06-15T22:06:38+08:004.85744750656168
2026-06-15T22:07:33+08:004.885990813648294
2026-06-15T22:08:01+08:005.197670603674541
2026-06-16T08:51:04+08:005.197670603674541
2026-06-16T08:52:01+08:005.213418635170604
2026-06-16T08:52:06+08:005.226952099737533
2026-06-16T08:52:29+08:005.2878116797900265
2026-06-16T08:52:32+08:005.307496719160105
2026-06-16T08:54:32+08:005.791420603674541
2026-06-16T09:00:40+08:005.869750656167979
2026-06-16T09:07:27+08:006.365731627296588
2026-06-16T09:09:40+08:006.436023622047244
2026-06-16T09:10:13+08:006.458087270341207
2026-06-16T09:10:52+08:006.480232939632546
2026-06-16T09:11:23+08:006.619668635170604
2026-06-16T09:11:58+08:006.642060367454068
2026-06-16T09:30:41+08:006.748687664041995
2026-06-16T10:20:49+08:006.755577427821522
2026-06-16T10:21:48+08:006.760334645669292
2026-06-16T10:22:23+08:006.763943569553806
2026-06-16T10:22:52+08:006.960793963254593
2026-06-16T10:23:41+08:006.96505905511811
2026-06-16T11:15:32+08:006.975721784776903
2026-06-16T11:15:57+08:006.978920603674541
2026-06-16T11:16:16+08:006.984251968503937
2026-06-16T11:17:00+08:007.003280839895013
2026-06-16T11:17:25+08:007.224737532808399
2026-06-16T11:17:46+08:007.446194225721785
2026-06-16T12:04:07+08:007.4496391076115485
2026-06-16T12:05:47+08:007.433973097112861
2026-06-16T12:06:15+08:007.4379101049868765
2026-06-16T12:07:18+08:007.439140419947506
2026-06-16T12:08:17+08:007.472522965879265
2026-06-16T12:08:38+08:007.5463418635170605
2026-06-16T13:44:38+08:007.552247375328084
2026-06-16T13:45:27+08:007.606135170603674
2026-06-16T13:45:52+08:007.606463254593176
2026-06-16T13:46:15+08:007.59005905511811
2026-06-16T13:46:47+08:007.591781496062992
2026-06-16T13:47:18+08:007.645669291338582
2026-06-16T14:01:08+08:007.866305774278215
2026-06-16T14:01:59+08:007.868028215223097
2026-06-16T14:03:44+08:007.910515091863517
2026-06-16T14:07:25+08:007.947752624671916
2026-06-16T14:07:54+08:007.948408792650919
2026-06-16T14:08:10+08:008.137057086614174
2026-06-16T15:08:34+08:008.13713910761155
2026-06-16T15:08:55+08:008.154363517060368
2026-06-16T15:09:18+08:008.17995406824147
2026-06-16T15:09:41+08:008.187992125984252
2026-06-16T15:10:43+08:008.614501312335959
2026-06-16T16:00:59+08:008.634350393700787
2026-06-16T16:01:42+08:008.64255249343832
2026-06-16T16:04:45+08:008.647801837270341
2026-06-16T16:05:01+08:008.64870406824147
2026-06-16T16:05:33+08:008.650918635170603
2026-06-16T16:06:11+08:008.749343832020998
2026-06-16T17:20:28+08:008.759186351706036
2026-06-16T17:21:31+08:008.770751312335959
2026-06-16T17:22:05+08:008.774606299212598
2026-06-16T17:22:32+08:008.79478346456693
2026-06-16T17:23:24+08:008.802001312335959
2026-06-16T17:23:53+08:009.269520997375327
2026-06-16T18:03:36+08:009.330872703412073
2026-06-16T18:04:05+08:0013.103838582677165
2026-06-16T18:04:30+08:0013.107857611548557
2026-06-16T18:04:53+08:0013.11482939632546
2026-06-16T18:05:14+08:0013.117043963254593
2026-06-16T18:05:49+08:0013.118438320209973
2026-06-16T18:06:27+08:0013.151246719160104
2026-06-16T18:08:04+08:0013.838008530183727
2026-06-16T20:14:59+08:0013.840223097112862
2026-06-16T20:15:49+08:0013.849327427821523
2026-06-16T20:27:07+08:0013.855643044619423
2026-06-16T20:28:07+08:0013.866551837270341
2026-06-16T20:29:02+08:0013.909120734908136
2026-06-16T20:30:26+08:0013.966535433070867
2026-06-16T20:30:46+08:0014.171587926509186
2026-06-16T21:56:28+08:0014.172900262467191
2026-06-16T22:06:42+08:0014.361548556430446
2026-06-16T22:06:51+08:0014.509432414698162
2026-06-16T22:07:19+08:0014.511811023622048
2026-06-16T22:07:28+08:0014.542404855643044
2026-06-16T22:07:55+08:0014.698244750656167
2026-06-17T09:17:12+08:0014.764435695538058
2026-06-17T09:17:19+08:0014.765419947506562
2026-06-17T09:17:32+08:0014.765419947506562
2026-06-17T09:17:38+08:0014.964730971128608
2026-06-17T09:17:45+08:0014.99844160104987
2026-06-17T09:17:51+08:0015.523375984251969
2026-06-17T09:18:15+08:0015.64730971128609
2026-06-17T09:18:27+08:0015.719160104986877
2026-06-17T09:18:33+08:0015.723015091863518
2026-06-17T09:19:36+08:0015.777723097112862
2026-06-17T09:19:42+08:0015.805528215223097
2026-06-17T09:19:49+08:0016.273047900262466
2026-06-17T10:10:01+08:0016.307004593175854
2026-06-17T10:10:07+08:0016.310695538057743
2026-06-17T10:10:20+08:0016.288549868766403
2026-06-17T10:10:27+08:0016.298310367454068
2026-06-17T10:10:37+08:0022.835383858267715
2026-06-17T11:16:07+08:0022.910515091863516
2026-06-17T11:16:31+08:0022.92691929133858
2026-06-17T11:17:30+08:0023.029035433070867
2026-06-17T11:18:40+08:0023.0309219160105
2026-06-17T11:19:22+08:0023.046751968503937
2026-06-17T11:20:08+08:0023.481463254593177
2026-06-17T12:14:22+08:0023.538713910761153
2026-06-17T12:15:15+08:0023.56077755905512
2026-06-17T12:16:53+08:0023.69996719160105
2026-06-17T12:19:16+08:0023.716535433070867
2026-06-17T12:20:08+08:0023.788139763779526
2026-06-17T12:20:53+08:0024.17363845144357
2026-06-17T13:43:37+08:0024.208497375328083
2026-06-17T13:44:38+08:0024.21596128608924
2026-06-17T13:46:16+08:0024.286581364829395
2026-06-17T13:46:26+08:0024.42749343832021
2026-06-17T13:48:23+08:0024.42937992125984
2026-06-17T13:50:08+08:0024.5688156167979
2026-06-17T14:08:16+08:0024.63886154855643
2026-06-17T14:09:01+08:0024.642060367454068
2026-06-17T14:10:50+08:0024.686187664041995
2026-06-17T14:10:58+08:0024.694553805774277
2026-06-17T14:11:52+08:0024.69627624671916
2026-06-17T14:12:43+08:0025.557496719160106
2026-06-17T14:14:53+08:0026.43348097112861
2026-06-17T15:07:21+08:0026.44890091863517
2026-06-17T15:07:54+08:0026.4501312335958
2026-06-17T15:08:45+08:0026.47293307086614
2026-06-17T15:09:33+08:0026.508366141732285
2026-06-17T15:10:14+08:0026.52952755905512
2026-06-17T15:11:21+08:0027.70242782152231
2026-06-17T16:27:24+08:0027.71522309711286
2026-06-17T16:28:22+08:0028.583825459317584
2026-06-17T16:31:36+08:0033.99040354330709
2026-06-17T16:32:11+08:0034.00295275590551
2026-06-17T16:32:56+08:0043.148293963254595
2026-06-17T16:34:39+08:0044.050524934383205
2026-06-17T16:35:37+08:0044.10687335958005
2026-06-17T16:50:47+08:0045.177247375328086
2026-06-17T17:01:39+08:0046.73728674540683
2026-06-17T17:02:39+08:0047.398129921259844
2026-06-17T17:04:36+08:0052.45718503937008
2026-06-17T17:05:11+08:0052.463582677165356
2026-06-17T17:06:25+08:0054.04125656167979
2026-06-17T17:07:01+08:0079.48416994750656
2026-06-17T18:04:01+08:0079.86802821522309
2026-06-17T18:04:50+08:0080.79232283464567
2026-06-17T18:07:15+08:0081.54429133858268
2026-06-17T18:08:03+08:0082.68692585301837
2026-06-17T18:08:26+08:0086.52944553805774
2026-06-17T18:09:16+08:00102.37590223097114
2026-06-17T18:13:34+08:00108.79158464566929
2026-06-17T20:22:19+08:00139.13935367454067
2026-06-17T20:23:07+08:00141.0873523622047
2026-06-17T20:24:19+08:00141.4767880577428
2026-06-17T20:25:23+08:00142.13918963254594
2026-06-17T20:26:32+08:00146.1326279527559
2026-06-17T20:32:17+08:00146.9949967191601
2026-06-17T20:33:06+08:00168.8946030183727
2026-06-17T22:23:36+08:00170.0209153543307
2026-06-17T22:25:09+08:00172.62089895013122
2026-06-17T22:25:58+08:00173.28978018372703
2026-06-17T22:26:17+08:00175.01845472440945
2026-06-17T22:26:58+08:00183.11327099737534
2026-06-17T22:28:30+08:00231.62048884514437
2026-06-18T09:05:09+08:00238.125656167979
2026-06-18T09:05:15+08:00239.00451115485563
2026-06-18T09:05:21+08:00242.04749015748033
2026-06-18T09:05:41+08:00242.04749015748033
2026-06-18T09:05:48+08:00260.7299868766404
2026-06-18T09:05:53+08:00262.8341535433071
2026-06-18T09:06:06+08:00367.9604658792651
2026-06-18T09:06:19+08:00370.24811351706035
2026-06-18T09:06:32+08:00377.87073490813646
2026-06-18T09:06:38+08:00381.8077427821522
2026-06-18T09:06:51+08:00385.6069553805774
2026-06-18T09:06:57+08:00387.41543635170603
2026-06-18T09:07:03+08:00387.6672408136483
2026-06-18T09:07:11+08:00410.87098097112863
2026-06-18T10:01:26+08:00411.63377624671915
2026-06-18T10:01:42+08:00413.16395997375326
2026-06-18T10:10:22+08:00423.71448490813646
2026-06-18T10:10:28+08:00485.52550853018374
2026-06-18T10:46:54+08:00638.9047736220473
2026-06-18T11:22:12+08:00639.8280839895014
2026-06-18T14:21:55+08:00663.28
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
17,871
→
人均手數
76.2
→
認購倍數
47x
47x = 17,871 × 76.2 ÷ 29,028 孖展加權 100% → 862.3x
1x9464.0x
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 1032.91x 和當前分配手法 (甲組 α=0.537, 乙組 α=0.637) 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

標誌麦科医药-B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 麦科医药-B(02335)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