孖展動態 孖展倍數17.82x 孖展資金70.2億 捷利預測倍數21.74x
排名 券商 孖展資金
1 富途证券富途 37.3億
2 辉立证券辉立 10.0億
3 老虎国际老虎 9.4億
4 华泰国际华泰 3.3億
5 信诚证券信诚 2.2億
6 盈立证券盈立 2.1億
7 长桥证券长桥 2.1億
8 招银国际招银 1.8億
10 华盛证券华盛 9500萬
11 卓锐证券 7684萬
12 艾德证券艾德 1865萬
13 盈宝证券盈宝 705萬
14 FunderstoneFunderstone 344萬
15 TradeGo MarketsTradeGo 60萬
孖展倍數
時間倍數
2025-11-07T06:00:00+08:000
2025-11-07T10:00:44+08:000.010254587912785237
2025-11-07T10:15:59+08:000.14432571007944767
2025-11-07T10:16:04+08:000.15955529608853466
2025-11-07T10:47:38+08:000.17173896489580426
2025-11-07T11:30:47+08:000.18036906363428687
2025-11-07T11:30:59+08:000.19831459248166103
2025-11-07T11:31:20+08:000.3659669517983603
2025-11-07T11:31:33+08:000.4694012234434094
2025-11-07T11:31:52+08:000.6572327842221489
2025-11-07T12:04:25+08:000.6674619894915856
2025-11-07T12:04:30+08:000.7061451379546666
2025-11-07T12:04:37+08:000.8300885854252862
2025-11-07T12:07:51+08:001.058532375561591
2025-11-07T13:36:32+08:001.0647003578952712
2025-11-07T13:36:50+08:001.1090946011117597
2025-11-07T13:37:23+08:001.160900576186004
2025-11-07T13:37:34+08:001.2598928852450695
2025-11-07T13:41:37+08:001.2903520572632434
2025-11-07T14:08:58+08:001.294362514912303
2025-11-07T14:09:17+08:001.4388405208518416
2025-11-07T14:09:36+08:001.6671827804147523
2025-11-07T14:09:50+08:001.8194786405056222
2025-11-07T14:10:27+08:001.9403761707744245
2025-11-07T15:07:03+08:001.964921186892403
2025-11-07T15:07:34+08:001.989060080716806
2025-11-07T15:07:53+08:001.8364088636190572
2025-11-07T15:08:12+08:001.976013402035688
2025-11-07T16:03:11+08:001.9849988577810493
2025-11-07T16:03:36+08:002.01401121912836
2025-11-07T16:03:52+08:001.9711399345127802
2025-11-07T16:17:06+08:001.9508338198339976
2025-11-07T17:02:50+08:001.9680686346676144
2025-11-07T17:03:12+08:002.7295479351219636
2025-11-07T17:03:42+08:002.7658958803969846
2025-11-07T17:04:15+08:002.7954920425413103
2025-11-07T17:10:33+08:002.9909383963245935
2025-11-07T17:24:55+08:003.0290123613473106
2025-11-07T18:02:52+08:003.033073584283067
2025-11-07T18:03:12+08:003.053125872528365
2025-11-07T18:03:24+08:003.0738381095007234
2025-11-07T18:05:15+08:003.100870624666853
2025-11-07T18:05:31+08:003.1516359113638095
2025-11-07T20:11:20+08:003.153641140188339
2025-11-07T20:11:31+08:003.1634642231642003
2025-11-07T20:11:42+08:003.1824250577455135
2025-11-07T20:11:52+08:003.2408051374470137
2025-11-07T20:12:03+08:003.244104881082316
2025-11-07T20:12:14+08:003.245932431403406
2025-11-07T20:12:24+08:003.263700281747341
2025-11-07T21:41:28+08:003.3248470695738255
2025-11-07T21:41:39+08:003.3271315074751886
2025-11-07T21:41:49+08:003.3575906794933625
2025-11-07T22:05:25+08:003.368606746706602
2025-11-07T22:05:36+08:003.370078940020814
2025-11-07T22:05:47+08:003.4233824910526183
2025-11-08T09:37:57+08:003.4272152701982384
2025-11-08T09:38:12+08:003.4272152701982384
2025-11-08T09:38:21+08:003.366525369952027
2025-11-08T09:38:25+08:003.366956874888951
2025-11-08T09:38:33+08:003.395030078432368
2025-11-08T09:38:40+08:003.394141685915171
2025-11-08T09:38:44+08:003.5388227530014977
2025-11-08T09:38:52+08:003.5563875421986446
2025-11-08T09:39:08+08:003.623499251212021
2025-11-08T09:39:17+08:003.6243114957991724
2025-11-08T10:01:02+08:003.6283981013782776
2025-11-08T10:07:40+08:003.63786582734726
2025-11-08T10:07:58+08:003.6784780567048254
2025-11-08T13:05:48+08:003.6792903012919767
2025-11-08T13:05:56+08:003.6614716856613447
2025-11-08T13:06:02+08:003.6589080386831485
2025-11-08T13:06:22+08:003.666522831687692
2025-11-08T13:06:32+08:003.667258928344798
2025-11-08T13:06:44+08:003.71142472777115
2025-11-08T13:06:56+08:003.720054826509633
2025-11-08T13:07:12+08:003.720232505013072
2025-11-08T13:07:23+08:003.706906617255121
2025-11-08T13:07:34+08:003.7071858263319544
2025-11-08T13:07:45+08:003.722415412341041
2025-11-08T17:09:18+08:003.7228215346346167
2025-11-08T17:09:29+08:003.733558392771023
2025-11-08T17:09:39+08:003.7352844125187197
2025-11-08T17:09:43+08:003.773358377541437
2025-11-08T17:09:52+08:003.773612203974922
2025-11-08T17:10:00+08:003.7798563342386475
2025-11-08T17:10:05+08:003.7795263598751174
2025-11-08T17:10:13+08:003.8328299109069217
2025-11-08T17:10:20+08:003.8329822067670127
2025-11-08T17:10:28+08:003.8332867984871943
2025-11-08T17:10:37+08:003.841053887351829
2025-11-08T17:10:45+08:003.853745209026068
2025-11-08T17:10:52+08:003.8541005660329466
2025-11-08T17:11:08+08:003.86171535903749
2025-11-08T18:06:14+08:003.861918420184278
2025-11-08T18:06:26+08:003.8624768383379444
2025-11-08T18:06:38+08:003.865954260476686
2025-11-08T18:06:49+08:003.8710307891463818
2025-11-08T20:04:01+08:003.8711577023631243
2025-11-08T20:04:06+08:003.871360763509912
2025-11-08T20:04:15+08:003.8722999213138056
2025-11-08T20:08:07+08:003.8799147143183492
2025-11-08T20:08:28+08:003.8928090971393763
2025-11-08T20:08:45+08:003.9918014061984417
2025-11-08T21:37:24+08:003.9920552326319263
2025-11-08T21:37:40+08:003.9971317613016217
2025-11-08T22:10:37+08:003.9904053608142753
2025-11-09T10:08:10+08:003.99266441607229
2025-11-09T10:08:19+08:003.9926897987156384
2025-11-09T10:10:17+08:004.0124121125974055
2025-11-09T10:10:27+08:004.0237835368175245
2025-11-09T10:11:05+08:004.024570398761327
2025-11-09T10:11:48+08:004.024240424397797
2025-11-09T10:13:18+08:004.024392720257888
2025-11-09T10:13:23+08:004.026144122648932
2025-11-09T10:13:31+08:004.03137294717872
2025-11-09T10:13:36+08:004.0270071325227805
2025-11-09T10:13:42+08:004.029113891920705
2025-11-09T10:14:16+08:004.049420006599488
2025-11-09T10:14:25+08:004.054496535269183
2025-11-09T10:14:35+08:004.082417442952509
2025-11-09T13:59:22+08:004.085641038657766
2025-11-09T13:59:30+08:004.085996395664645
2025-11-09T13:59:35+08:004.084295758560296
2025-11-09T14:00:05+08:004.0849303246440085
2025-11-09T14:00:18+08:004.085158768434145
2025-11-09T14:01:33+08:004.085514125441024
2025-11-09T14:01:45+08:004.086250222098129
2025-11-09T14:04:00+08:004.083610427189887
2025-11-09T14:04:10+08:004.085818717161205
2025-11-09T14:04:19+08:004.076477904408965
2025-11-09T14:05:04+08:004.082722034672691
2025-11-09T14:05:41+08:004.092875092012082
2025-11-09T14:05:55+08:004.105566413686321
2025-11-09T14:06:14+08:004.1030281493514735
2025-11-09T17:27:04+08:004.101378277533822
2025-11-09T17:27:12+08:004.101733634540701
2025-11-09T17:27:38+08:004.119171510521106
2025-11-09T17:27:46+08:004.116557098256212
2025-11-09T17:28:11+08:004.117547021346803
2025-11-09T17:28:16+08:004.118511561794045
2025-11-09T17:28:28+08:004.120389877401832
2025-11-09T17:28:51+08:004.112775084397289
2025-11-09T17:28:55+08:004.115313348732137
2025-11-09T22:17:36+08:004.122293575652969
2025-11-09T22:17:45+08:004.12277584587659
2025-11-09T22:17:55+08:004.113054293474122
2025-11-09T22:17:59+08:004.113358885194304
2025-11-09T22:18:10+08:004.114678782648425
2025-11-09T22:18:58+08:004.115287966088789
2025-11-09T22:19:07+08:004.115668705739016
2025-11-09T22:22:23+08:004.115491027235576
2025-11-09T22:22:28+08:004.117572403990152
2025-11-09T22:22:37+08:004.120186816255045
2025-11-09T22:25:26+08:004.224255653983806
2025-11-09T22:25:30+08:004.242023504327741
2025-11-09T22:25:34+08:004.287712262355002
2025-11-09T22:25:37+08:004.295327055359545
2025-11-09T22:25:42+08:004.318171434373175
2025-11-10T08:42:13+08:004.298576033708151
2025-11-10T08:42:37+08:004.302332664923725
2025-11-10T08:43:53+08:004.304337893748255
2025-11-10T08:43:56+08:004.304363276391603
2025-11-10T08:43:59+08:004.304439424321649
2025-11-10T08:44:02+08:004.3053024341954975
2025-11-10T08:44:18+08:004.526131431327259
2025-11-10T08:44:43+08:004.526131431327259
2025-11-10T09:01:00+08:004.549077340914283
2025-11-10T09:02:14+08:004.554179252227327
2025-11-10T09:02:42+08:004.604436886057314
2025-11-10T09:03:54+08:004.607355890042389
2025-11-10T09:04:09+08:004.615224509480417
2025-11-10T09:12:52+08:004.638068888494048
2025-11-10T10:00:36+08:004.643018503947001
2025-11-10T10:03:13+08:004.641470162702744
2025-11-10T10:03:30+08:004.64136863212935
2025-11-10T10:05:20+08:005.060182247379242
2025-11-10T11:10:08+08:005.0669340305099375
2025-11-10T11:10:31+08:005.536512932456786
2025-11-10T11:10:48+08:005.557199786785796
2025-11-10T11:10:59+08:005.874330532781684
2025-11-10T12:05:37+08:005.872376069243851
2025-11-10T12:06:04+08:005.973932025281113
2025-11-10T12:06:10+08:005.989212376576897
2025-11-10T12:06:17+08:006.235424017057136
2025-11-10T13:47:28+08:006.240272101936696
2025-11-10T13:47:47+08:006.248343782521512
2025-11-10T13:51:41+08:006.349874355915425
2025-11-10T13:52:00+08:006.372997944005888
2025-11-10T14:04:33+08:006.562758585679113
2025-11-10T14:05:05+08:006.569358072949717
2025-11-10T14:06:05+08:006.647079726882757
2025-11-10T14:09:22+08:007.158362311851156
2025-11-10T14:09:51+08:007.3233494936162655
2025-11-10T15:05:38+08:007.331852679138006
2025-11-10T15:05:50+08:007.363885575043785
2025-11-10T15:06:05+08:007.372667969642358
2025-11-10T15:06:13+08:007.598573495443816
2025-11-10T15:26:34+08:007.623956138792294
2025-11-10T16:04:00+08:007.63454070106861
2025-11-10T16:04:23+08:007.685686727415793
2025-11-10T16:04:31+08:007.690306368505216
2025-11-10T16:08:08+08:008.032972053709674
2025-11-10T17:10:45+08:008.035459552757825
2025-11-10T17:10:59+08:008.116684011472955
2025-11-10T17:11:16+08:008.125897911008453
2025-11-10T17:11:31+08:008.157829276340838
2025-11-10T17:45:42+08:008.792395360052796
2025-11-10T18:11:06+08:008.795288981394522
2025-11-10T18:11:18+08:008.804198289209838
2025-11-10T18:11:44+08:008.805898926314187
2025-11-10T18:11:59+08:008.927735614386883
2025-11-10T18:14:09+08:008.947534076198695
2025-11-10T18:39:34+08:009.48056958651674
2025-11-10T19:32:56+08:009.504124679544129
2025-11-10T19:33:10+08:009.48056958651674
2025-11-10T19:33:21+08:009.498032845140493
2025-11-10T19:33:32+08:009.47772673046171
2025-11-10T20:04:45+08:009.490849557072874
2025-11-10T20:05:04+08:009.495037693225372
2025-11-10T20:05:19+08:009.538188186917786
2025-11-10T22:07:34+08:009.259689824098281
2025-11-10T22:07:45+08:009.26923369799731
2025-11-10T22:07:56+08:009.248927583318526
2025-11-10T22:08:06+08:009.25773536056045
2025-11-10T22:08:17+08:009.274208696093611
2025-11-10T22:08:27+08:009.390968855496611
2025-11-11T08:44:59+08:009.41267101555956
2025-11-11T08:45:02+08:009.400233520318807
2025-11-11T08:45:12+08:009.400233520318807
2025-11-11T08:45:37+08:009.447140645226794
2025-11-11T08:45:42+08:009.314338655227555
2025-11-11T08:46:13+08:009.59100946772597
2025-11-11T09:18:14+08:009.598370434297028
2025-11-11T09:19:26+08:009.598979617737392
2025-11-11T09:19:56+08:009.756352006497957
2025-11-11T09:20:08+08:009.758560296469275
2025-11-11T09:21:37+08:009.80049242328096
2025-11-11T10:28:53+08:009.819427875218926
2025-11-11T10:29:21+08:009.859507069066172
2025-11-11T10:29:34+08:009.872959870040866
2025-11-11T10:29:50+08:0010.220702083915018
2025-11-11T11:01:50+08:0010.237962281391985
2025-11-11T11:04:18+08:0010.29324567860497
2025-11-11T11:04:27+08:0010.284717110439882
2025-11-11T11:06:23+08:0010.64768891032312
2025-11-11T11:29:07+08:0011.104576490595731
2025-11-11T12:04:37+08:0011.114704165291773
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2025-11-11T12:05:28+08:0011.103637332791838
2025-11-11T12:05:54+08:0011.172170469832729
2025-11-11T13:42:07+08:0011.174201081300607
2025-11-11T13:42:20+08:0011.241465086174074
2025-11-11T13:42:27+08:0011.243521080285301
2025-11-11T13:42:36+08:0011.347589918014062
2025-11-11T14:03:07+08:0011.349062111328275
2025-11-11T14:03:23+08:0011.409904307434577
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2025-11-11T14:10:34+08:0011.584790720105591
2025-11-11T14:56:41+08:0011.63370307383811
2025-11-11T15:01:01+08:0011.726857374927025
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2025-11-11T15:11:40+08:0012.048303170292154
2025-11-11T15:19:05+08:0012.073685813640633
2025-11-11T16:06:33+08:0012.09625098357743
2025-11-11T16:06:43+08:0012.471914105134909
2025-11-11T17:04:59+08:0012.525217656166713
2025-11-11T17:07:08+08:0013.12678630352565
2025-11-11T17:21:53+08:0013.177551590222606
2025-11-11T18:13:14+08:0013.964413534025434
2025-11-11T18:13:41+08:0013.928547858974033
2025-11-11T18:13:53+08:0014.10876462674823
2025-11-11T18:15:22+08:0014.297789171764348
2025-11-11T22:04:58+08:0014.315277813031448
2025-11-11T22:05:15+08:0014.406655329085972
2025-11-11T22:05:25+08:0014.415767698048075
2025-11-11T22:05:36+08:0014.593446201487422
2025-11-11T22:05:46+08:0014.731502398659796
2025-11-11T22:05:57+08:0014.90410437342945
2025-11-11T22:06:02+08:0014.971901413813235
2025-11-11T22:06:11+08:0015.045511079523822
2025-11-12T08:33:56+08:0015.0767571134858
2025-11-12T08:34:04+08:0015.158565372997945
2025-11-12T08:34:31+08:0016.694215295580882
2025-11-12T08:34:44+08:0016.694215295580882
2025-11-12T09:04:42+08:0016.7439652765439
2025-11-12T09:09:06+08:0016.807421884915094
2025-11-12T09:10:58+08:0017.09292585729878
2025-11-12T10:03:25+08:0017.118308500647256
2025-11-12T10:04:09+08:0017.201385892326826
2025-11-12T10:46:00+08:0017.556742899205524
2025-11-12T18:07:59+08:0017.82
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
13,656
→
人均手數
35.4
→
認購倍數
9x
9x = 13,656 × 35.4 ÷ 52,113 A+H二次上市 · 參與×0.44 H股折價 37.3% 孖展加權 100% → 21.7x
1x2821.0x
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
0.63
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
0.73
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 27.9x 和當前分配手法 (甲組 α=0.633, 乙組 α=0.733) 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

標誌中伟新材中籤預測矩陣

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 中伟新材(02579)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