孖展動態 孖展倍數790.26x 孖展資金158.1億 捷利預測倍數1027.34x
排名 券商 孖展資金
1 富途证券富途 103.5億
2 辉立证券辉立 20.0億
3 老虎国际老虎 17.2億
4 华泰国际华泰 5.5億
5 信诚证券信诚 5.0億
6 盈立证券盈立 1.6億
7 致富证券致富 1.4億
8 华盛证券华盛 1.3億
9 TradeGo MarketsTradeGo 1.3億
孖展倍數
時間倍數
2026-06-30T06:00:00+08:000
2026-06-30T10:28:19+08:000.005
2026-06-30T10:28:24+08:000.0125
2026-06-30T11:19:11+08:000.0265
2026-06-30T11:19:25+08:000.037
2026-06-30T11:40:50+08:000.0395
2026-06-30T12:14:21+08:000.047
2026-06-30T12:19:11+08:000.112
2026-06-30T12:25:05+08:000.1225
2026-06-30T12:26:36+08:000.1725
2026-06-30T14:05:23+08:000.1745
2026-06-30T14:05:26+08:000.1785
2026-06-30T14:07:14+08:000.1805
2026-06-30T14:07:17+08:000.1825
2026-06-30T14:14:22+08:000.187
2026-06-30T14:14:25+08:000.218
2026-06-30T14:24:48+08:000.243
2026-06-30T14:30:05+08:000.261
2026-06-30T15:03:43+08:000.264
2026-06-30T15:05:53+08:000.2855
2026-06-30T15:10:32+08:000.4355
2026-06-30T15:17:35+08:000.437
2026-06-30T15:21:55+08:000.487
2026-06-30T16:27:05+08:000.488
2026-06-30T16:29:01+08:000.492
2026-06-30T16:33:00+08:000.4955
2026-06-30T16:39:48+08:000.503
2026-06-30T16:41:26+08:000.603
2026-06-30T17:06:50+08:000.606
2026-06-30T17:08:44+08:000.6175
2026-06-30T17:11:14+08:000.627
2026-06-30T17:17:35+08:000.877
2026-06-30T17:48:21+08:003.377
2026-06-30T18:05:54+08:003.4045
2026-06-30T18:12:21+08:003.407
2026-06-30T18:21:06+08:003.4205
2026-06-30T20:08:46+08:003.4235
2026-06-30T20:12:22+08:003.4275
2026-06-30T20:13:14+08:003.4295
2026-06-30T20:17:19+08:003.474
2026-06-30T22:00:29+08:003.475
2026-06-30T22:08:44+08:003.4905
2026-06-30T22:10:38+08:003.5905
2026-07-01T08:44:49+08:003.5965
2026-07-01T08:44:52+08:003.6355
2026-07-01T08:58:00+08:003.6855
2026-07-01T09:02:24+08:003.6855
2026-07-01T09:05:43+08:003.741
2026-07-01T09:12:33+08:003.7605
2026-07-01T09:17:57+08:003.874
2026-07-01T09:23:43+08:003.9475
2026-07-01T10:18:11+08:003.9495
2026-07-01T10:22:15+08:003.9505
2026-07-01T10:26:17+08:004.1505
2026-07-01T10:28:39+08:004.152
2026-07-01T11:09:01+08:004.154
2026-07-01T11:10:36+08:004.158
2026-07-01T11:16:23+08:004.163
2026-07-01T11:20:00+08:004.213
2026-07-01T12:13:52+08:004.2155
2026-07-01T12:18:03+08:004.2185
2026-07-01T12:20:06+08:004.22
2026-07-01T14:11:47+08:004.2235
2026-07-01T14:11:50+08:004.224
2026-07-01T14:15:26+08:004.226
2026-07-01T14:15:28+08:004.388
2026-07-01T14:19:27+08:004.238
2026-07-01T14:26:20+08:004.2395
2026-07-01T14:26:23+08:004.2405
2026-07-01T14:30:48+08:004.258
2026-07-01T15:09:40+08:004.2605
2026-07-01T15:13:02+08:004.356
2026-07-01T15:17:37+08:004.3575
2026-07-01T16:15:01+08:004.3585
2026-07-01T16:18:09+08:004.3815
2026-07-01T16:21:59+08:004.7315
2026-07-01T16:23:40+08:004.733
2026-07-01T17:03:57+08:004.737
2026-07-01T17:06:28+08:004.756
2026-07-01T17:12:07+08:004.758
2026-07-01T18:02:25+08:004.7695
2026-07-01T18:05:33+08:004.774
2026-07-01T18:08:36+08:004.782
2026-07-01T18:09:38+08:005.082
2026-07-01T18:18:11+08:005.112
2026-07-01T20:58:29+08:005.124
2026-07-01T20:59:54+08:005.1255
2026-07-01T21:01:47+08:004.8755
2026-07-01T21:04:04+08:004.887
2026-07-01T22:10:19+08:004.9825
2026-07-01T22:12:45+08:004.986
2026-07-02T08:44:42+08:005.184
2026-07-02T08:44:45+08:005.2245
2026-07-02T08:52:31+08:005.8745
2026-07-02T08:59:22+08:005.8745
2026-07-02T09:13:02+08:005.902
2026-07-02T09:19:06+08:005.908
2026-07-02T09:29:37+08:005.941
2026-07-02T09:51:17+08:006.114
2026-07-02T10:14:30+08:006.1255
2026-07-02T10:19:23+08:006.1295
2026-07-02T10:21:14+08:006.1205
2026-07-02T10:22:39+08:006.121
2026-07-02T10:25:53+08:006.071
2026-07-02T11:14:02+08:006.1135
2026-07-02T11:17:08+08:006.1385
2026-07-02T11:18:51+08:006.142
2026-07-02T11:20:39+08:006.1455
2026-07-02T12:11:37+08:006.1495
2026-07-02T12:16:53+08:006.157
2026-07-02T12:24:26+08:006.1605
2026-07-02T13:45:19+08:006.1715
2026-07-02T14:08:12+08:006.2215
2026-07-02T14:08:15+08:006.2245
2026-07-02T14:14:40+08:006.254
2026-07-02T14:14:42+08:006.262
2026-07-02T14:24:22+08:006.2665
2026-07-02T14:24:24+08:006.6165
2026-07-02T14:24:27+08:006.616
2026-07-02T14:24:30+08:006.466
2026-07-02T14:36:23+08:007.583
2026-07-02T15:01:11+08:007.586
2026-07-02T15:03:26+08:007.5905
2026-07-02T15:06:37+08:007.593
2026-07-02T15:13:35+08:008.043
2026-07-02T16:05:23+08:008.109
2026-07-02T16:07:31+08:008.1095
2026-07-02T16:12:09+08:008.0595
2026-07-02T16:14:29+08:008.074
2026-07-02T16:15:57+08:008.0775
2026-07-02T17:04:35+08:008.161
2026-07-02T17:05:59+08:008.1765
2026-07-02T17:08:44+08:008.286
2026-07-02T17:14:16+08:008.886
2026-07-02T17:51:24+08:0016.386
2026-07-02T18:09:46+08:0016.4645
2026-07-02T18:17:29+08:0016.479
2026-07-02T18:21:34+08:0016.4985
2026-07-02T18:23:10+08:0016.5265
2026-07-02T18:23:50+08:0016.4765
2026-07-02T20:41:47+08:0016.4785
2026-07-02T20:44:55+08:0016.52
2026-07-02T20:49:56+08:0017.3605
2026-07-02T20:51:46+08:0019.3605
2026-07-02T21:49:51+08:0019.4915
2026-07-02T22:10:04+08:0019.981
2026-07-02T22:11:48+08:0023.431
2026-07-03T08:37:07+08:0023.4355
2026-07-03T08:40:17+08:0023.5915
2026-07-03T08:40:20+08:0026.002
2026-07-03T08:46:13+08:0026.002
2026-07-03T08:48:43+08:0033.302
2026-07-03T09:02:17+08:0033.567
2026-07-03T09:09:57+08:0033.587
2026-07-03T09:12:44+08:0034.1355
2026-07-03T09:14:50+08:0035.4855
2026-07-03T09:19:01+08:0036.539
2026-07-03T10:16:29+08:0035.6835
2026-07-03T10:20:45+08:0038.9835
2026-07-03T10:26:58+08:0039.021
2026-07-03T10:30:11+08:0039.054
2026-07-03T11:14:07+08:0039.067
2026-07-03T11:16:08+08:0041.567
2026-07-03T11:16:53+08:0041.5705
2026-07-03T11:18:27+08:0041.5935
2026-07-03T11:19:28+08:0041.6755
2026-07-03T11:22:32+08:0041.683
2026-07-03T11:41:26+08:0041.708
2026-07-03T11:41:54+08:0041.837
2026-07-03T12:26:00+08:0041.75
2026-07-03T12:26:39+08:0041.812
2026-07-03T12:27:06+08:0041.867
2026-07-03T12:28:38+08:0042.613
2026-07-03T12:30:48+08:0044.413
2026-07-03T12:32:51+08:0044.503
2026-07-03T12:35:05+08:0044.504
2026-07-03T12:35:45+08:0044.55
2026-07-03T13:40:31+08:0044.5485
2026-07-03T13:43:18+08:0044.8985
2026-07-03T13:44:42+08:0044.923
2026-07-03T13:45:57+08:0044.9405
2026-07-03T13:48:55+08:0046.091
2026-07-03T14:00:58+08:0046.12
2026-07-03T14:03:00+08:0047.085
2026-07-03T14:07:37+08:0047.097
2026-07-03T14:10:36+08:0047.397
2026-07-03T14:13:17+08:0047.426
2026-07-03T14:14:09+08:0048.7105
2026-07-03T14:34:01+08:0050.758
2026-07-03T14:34:25+08:0051.2925
2026-07-03T15:19:56+08:0051.379
2026-07-03T15:21:50+08:0052.929
2026-07-03T15:23:32+08:0053.2635
2026-07-03T15:23:34+08:0053.558
2026-07-03T15:23:37+08:0053.5915
2026-07-03T15:24:48+08:0053.5985
2026-07-03T15:25:46+08:0053.633
2026-07-03T16:02:05+08:0053.7895
2026-07-03T16:02:20+08:0053.6555
2026-07-03T16:03:33+08:0053.692
2026-07-03T16:04:37+08:0054.117
2026-07-03T16:06:31+08:0058.017
2026-07-03T16:07:34+08:0058.078
2026-07-03T16:09:21+08:0058.109
2026-07-03T17:08:55+08:0058.5355
2026-07-03T17:10:48+08:0058.658
2026-07-03T17:13:46+08:0058.856
2026-07-03T17:14:33+08:0058.8525
2026-07-03T17:14:45+08:0058.8825
2026-07-03T17:15:20+08:0060.6325
2026-07-03T17:19:22+08:0085.5825
2026-07-03T18:26:56+08:0085.601
2026-07-03T18:28:28+08:0085.617
2026-07-03T18:32:28+08:00100.617
2026-07-03T18:34:12+08:00100.9045
2026-07-03T18:39:40+08:00101.0385
2026-07-03T18:40:34+08:00101.1075
2026-07-03T18:42:49+08:00102.6075
2026-07-03T18:47:40+08:00103.3225
2026-07-03T21:05:13+08:00103.741
2026-07-03T21:07:05+08:00103.9435
2026-07-03T21:12:37+08:00104.0755
2026-07-03T21:14:01+08:00108.7755
2026-07-03T21:14:59+08:00110.2255
2026-07-04T09:32:56+08:00110.2255
2026-07-04T09:34:39+08:00110.2255
2026-07-04T09:36:47+08:00110.6125
2026-07-04T09:40:04+08:00111.9185
2026-07-04T09:41:26+08:00113.2905
2026-07-04T09:42:37+08:00120.6405
2026-07-04T09:43:11+08:00120.4405
2026-07-04T10:26:53+08:00120.5135
2026-07-04T10:27:59+08:00120.531
2026-07-04T10:29:55+08:00121.304
2026-07-04T10:31:42+08:00122.604
2026-07-04T12:03:08+08:00122.684
2026-07-04T12:10:25+08:00122.9025
2026-07-04T12:12:04+08:00122.956
2026-07-04T12:13:42+08:00123.556
2026-07-04T12:14:06+08:00124.306
2026-07-04T15:36:30+08:00124.5295
2026-07-04T15:38:27+08:00124.5
2026-07-04T15:39:41+08:00124.5655
2026-07-04T15:42:01+08:00126.8155
2026-07-04T15:42:29+08:00128.0655
2026-07-04T18:33:46+08:00128.1565
2026-07-04T18:35:17+08:00128.3325
2026-07-04T18:37:37+08:00128.5175
2026-07-04T18:40:07+08:00128.756
2026-07-04T18:40:57+08:00130.356
2026-07-04T18:41:22+08:00131.756
2026-07-04T20:03:51+08:00131.779
2026-07-04T20:06:19+08:00131.838
2026-07-04T20:07:52+08:00132.383
2026-07-04T20:08:45+08:00134.883
2026-07-04T21:34:03+08:00134.895
2026-07-04T21:35:45+08:00135.2085
2026-07-04T21:36:17+08:00137.0085
2026-07-05T09:32:24+08:00137.33
2026-07-05T09:32:28+08:00137.338
2026-07-05T09:32:32+08:00138.788
2026-07-05T09:32:37+08:00139.0325
2026-07-05T09:42:07+08:00139.2375
2026-07-05T09:44:34+08:00139.8575
2026-07-05T09:47:02+08:00139.7575
2026-07-05T09:47:36+08:00143.7575
2026-07-05T09:48:13+08:00144.5575
2026-07-05T09:49:49+08:00144.5675
2026-07-05T12:19:22+08:00146.1675
2026-07-05T12:20:08+08:00147.8175
2026-07-05T12:20:48+08:00151.5675
2026-07-05T12:23:03+08:00151.577
2026-07-05T12:23:44+08:00151.593
2026-07-05T12:24:23+08:00151.807
2026-07-05T12:31:23+08:00151.8285
2026-07-05T12:31:58+08:00151.9355
2026-07-05T12:32:28+08:00152.287
2026-07-05T12:39:12+08:00152.3
2026-07-05T12:40:09+08:00152.3315
2026-07-05T12:41:28+08:00152.347
2026-07-05T14:44:50+08:00152.817
2026-07-05T14:45:19+08:00153.6405
2026-07-05T14:47:21+08:00153.521
2026-07-05T14:47:50+08:00153.5405
2026-07-05T14:49:22+08:00153.556
2026-07-05T14:49:44+08:00153.6305
2026-07-05T14:50:31+08:00153.667
2026-07-05T14:51:39+08:00156.967
2026-07-05T14:52:14+08:00158.567
2026-07-05T17:19:47+08:00159.9485
2026-07-05T17:20:21+08:00160.493
2026-07-05T17:20:58+08:00161.9495
2026-07-05T17:26:07+08:00166.2495
2026-07-05T17:26:53+08:00168.1495
2026-07-05T17:27:30+08:00171.6495
2026-07-05T17:30:26+08:00171.8315
2026-07-05T17:31:04+08:00172.0335
2026-07-05T17:31:35+08:00172.169
2026-07-05T17:48:19+08:00172.175
2026-07-05T17:48:53+08:00172.196
2026-07-05T17:49:34+08:00172.2095
2026-07-05T20:06:35+08:00172.9315
2026-07-05T20:07:10+08:00173.8165
2026-07-05T20:07:44+08:00175.6545
2026-07-05T20:13:36+08:00175.7775
2026-07-05T20:14:07+08:00175.814
2026-07-05T20:14:46+08:00175.985
2026-07-05T20:20:40+08:00176.227
2026-07-05T20:21:14+08:00176.2795
2026-07-05T20:23:08+08:00176.2805
2026-07-05T20:25:47+08:00184.8305
2026-07-05T21:11:04+08:00190.2805
2026-07-05T21:11:49+08:00196.1305
2026-07-05T21:12:30+08:00204.9305
2026-07-05T21:15:13+08:00205.2495
2026-07-05T21:16:26+08:00207.303
2026-07-05T21:18:59+08:00207.3065
2026-07-06T08:39:11+08:00209.7625
2026-07-06T08:39:51+08:00214.1365
2026-07-06T08:40:17+08:00231.3965
2026-07-06T08:45:43+08:00245.9465
2026-07-06T08:46:07+08:00367.7465
2026-07-06T08:48:39+08:00367.7505
2026-07-06T08:49:47+08:00367.7505
2026-07-06T09:01:43+08:00370.1505
2026-07-06T09:03:07+08:00372.1695
2026-07-06T09:04:36+08:00373.6195
2026-07-06T09:05:16+08:00386.3785
2026-07-06T09:07:31+08:00440.7285
2026-07-06T09:08:07+08:00440.7385
2026-07-06T09:09:49+08:00464.0305
2026-07-06T09:34:40+08:00464.031
2026-07-06T09:34:46+08:00464.0185
2026-07-06T09:49:53+08:00464.0195
2026-07-06T10:26:49+08:00465.0435
2026-07-06T10:27:37+08:00485.867
2026-07-06T10:28:49+08:00696.817
2026-07-06T10:32:23+08:00696.9115
2026-07-06T11:10:13+08:00703.466
2026-07-06T13:43:15+08:00708.466
2026-07-06T16:19:52+08:00790.26
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
-0.2%
→
參與人數
21,677
→
人均手數
123.9
→
認購倍數
537x
537x = 21,677 × 123.9 ÷ 5,000 孖展加權 100% → 1027.3x
1x50000.0x
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
0.53
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
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 1688.1x 和當前分配手法 (甲組 α=0.532, 乙組 α=0.632) 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

標誌齊雲山食品中籤預測矩陣

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 齊雲山食品(02797)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