孖展動態 孖展倍數15.18x 孖展資金10.8億 捷利預測倍數18.52x
排名 券商 孖展資金
1 富途证券富途 5.6億
2 辉立证券辉立 1.6億
3 老虎国际老虎 1.6億
4 信诚证券信诚 6000萬
5 华泰国际华泰 5326萬
6 长桥证券长桥 2708萬
7 盈立证券盈立 2478萬
8 华盛证券华盛 1655萬
9 卓锐证券 1133萬
11 艾德证券艾德 232萬
12 TradeGo MarketsTradeGo 101萬
13 盈宝证券盈宝 9萬
孖展倍數
時間倍數
2025-12-11T06:00:00+08:000
2025-12-11T10:00:05+08:000.007311586051743532
2025-12-11T10:08:58+08:000.2237064116985377
2025-12-11T10:09:11+08:000.3502530933633296
2025-12-11T11:05:57+08:000.3572834645669291
2025-12-11T11:06:56+08:000.37570303712035996
2025-12-11T11:07:18+08:000.7412823397075365
2025-12-11T11:50:55+08:000.7560461192350956
2025-12-11T12:02:10+08:000.7620922384701913
2025-12-11T12:09:41+08:000.7806524184476941
2025-12-11T12:10:02+08:000.7911979752530933
2025-12-11T12:10:22+08:000.875562429696288
2025-12-11T13:45:24+08:000.8799212598425197
2025-12-11T13:45:56+08:000.9295556805399325
2025-12-11T13:46:13+08:001.0982845894263218
2025-12-11T13:46:40+08:001.1022215973003375
2025-12-11T14:04:10+08:001.1062992125984252
2025-12-11T14:04:25+08:001.109533183352081
2025-12-11T14:04:56+08:001.139060742407199
2025-12-11T14:05:44+08:001.1671822272215973
2025-12-11T14:06:17+08:001.672665916760405
2025-12-11T15:24:24+08:001.7241282339707538
2025-12-11T15:24:39+08:001.7522497187851518
2025-12-11T15:24:55+08:001.7554836895388077
2025-12-11T15:25:30+08:001.9240719910011248
2025-12-11T15:45:42+08:002.064679415073116
2025-12-11T16:09:52+08:002.0665073115860517
2025-12-11T16:10:14+08:001.9641451068616422
2025-12-11T16:10:34+08:001.9790494938132734
2025-12-11T16:11:02+08:002.5555399325084363
2025-12-11T17:14:25+08:002.5598987626546683
2025-12-11T17:14:52+08:002.5701631046119235
2025-12-11T17:31:31+08:002.5912542182227223
2025-12-11T17:31:45+08:004.728487064116985
2025-12-11T18:01:04+08:004.7481721034870645
2025-12-11T18:01:56+08:004.830286839145107
2025-12-11T18:03:43+08:004.830708661417323
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2025-12-11T18:07:11+08:004.891310461192351
2025-12-11T20:07:05+08:004.891591676040495
2025-12-11T20:07:40+08:004.894544431946007
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2025-12-11T22:03:19+08:004.7702474690663665
2025-12-11T22:03:39+08:004.804274465691789
2025-12-11T22:12:50+08:004.902699662542182
2025-12-12T07:33:21+08:004.903121484814398
2025-12-12T07:33:24+08:004.906496062992126
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2025-12-12T08:21:11+08:004.93011811023622
2025-12-12T08:22:19+08:005.070725534308211
2025-12-12T09:30:38+08:005.125281214848144
2025-12-12T09:30:51+08:005.192632170978627
2025-12-12T09:31:01+08:005.193335208098987
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2025-12-12T10:16:31+08:005.280793025871766
2025-12-12T10:16:37+08:005.294431946006749
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2025-12-12T10:16:50+08:005.384701912260967
2025-12-12T11:13:14+08:005.392575928008998
2025-12-12T11:14:29+08:005.402277840269966
2025-12-12T12:04:48+08:005.403824521934758
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2025-12-12T12:06:45+08:005.460629921259843
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2025-12-14T15:48:46+08:008.090551181102363
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2025-12-14T15:53:35+08:008.111361079865016
2025-12-14T15:58:40+08:008.111782902137232
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2025-12-14T16:06:53+08:008.11431383577053
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2025-12-14T16:10:11+08:008.137092238470192
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2025-12-14T21:02:24+08:008.165354330708661
2025-12-14T21:02:28+08:008.165635545556805
2025-12-14T21:02:32+08:008.277980877390327
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2025-12-14T21:11:44+08:008.280793025871766
2025-12-14T21:12:32+08:008.281214848143982
2025-12-14T21:14:26+08:008.28318335208099
2025-12-15T08:42:36+08:008.285573678290215
2025-12-15T08:42:39+08:008.285714285714286
2025-12-15T08:44:38+08:008.292744656917884
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2025-12-15T09:18:07+08:008.548931383577052
2025-12-15T09:18:25+08:008.549212598425196
2025-12-15T09:18:47+08:008.732002249718786
2025-12-15T09:19:49+08:008.816366704161979
2025-12-15T09:21:12+08:008.848284589426322
2025-12-15T09:22:07+08:008.895247469066367
2025-12-15T10:16:39+08:008.931242969628796
2025-12-15T10:17:04+08:008.949943757030372
2025-12-15T10:18:20+08:009.037823397075366
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2025-12-15T11:15:33+08:009.370922384701911
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2025-12-15T12:05:05+08:009.688132733408324
2025-12-15T12:06:27+08:009.689116985376828
2025-12-15T12:07:35+08:009.705005624296962
2025-12-15T12:08:04+08:009.226940382452193
2025-12-15T13:45:16+08:009.229049493813273
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2025-12-15T13:47:38+08:009.261670416197974
2025-12-15T13:50:34+08:009.265044994375703
2025-12-15T13:51:35+08:009.293166479190102
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2025-12-15T15:12:18+08:008.943194600674916
2025-12-15T15:12:50+08:009.772778402699663
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2025-12-15T16:09:53+08:009.941366704161979
2025-12-15T16:10:23+08:009.899184476940382
2025-12-15T17:12:46+08:0010.212035995500562
2025-12-15T17:14:12+08:0010.54949381327334
2025-12-15T17:20:17+08:0010.901012373453318
2025-12-15T18:09:07+08:0010.92941507311586
2025-12-15T18:09:18+08:0011.449662542182228
2025-12-15T18:11:38+08:0011.5572272215973
2025-12-15T20:16:12+08:0011.741844769403825
2025-12-15T20:16:40+08:0011.755905511811024
2025-12-15T20:17:17+08:0011.924634420697412
2025-12-15T22:15:23+08:0012.021794150731159
2025-12-15T22:15:47+08:0012.331130483689538
2025-12-15T22:16:22+08:0012.499859392575928
2025-12-16T08:56:44+08:0011.740579302587177
2025-12-16T08:57:55+08:0011.888638920134984
2025-12-16T08:58:26+08:0012.929133858267717
2025-12-16T09:04:00+08:0012.953037120359955
2025-12-16T09:05:33+08:0014.049775028121484
2025-12-16T09:54:09+08:0014.302868391451069
2025-12-16T09:55:00+08:0014.387232845894264
2025-12-16T10:05:40+08:0014.546541057367829
2025-12-16T10:07:12+08:0014.734111361079865
2025-12-16T13:50:43+08:0015.131467941507312
2025-12-16T17:44:29+08:0015.18
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
19,583
→
人均手數
137.9
→
認購倍數
100x
100x = 19,583 × 137.9 ÷ 27,040 孖展加權 100% → 18.5x
1x14061.0x
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
0.58
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
0.68
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 22.55x 和當前分配手法 (甲組 α=0.576, 乙組 α=0.676) 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

標誌希迪智駕中籤預測矩陣

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

18C特專科技

《主板規則》第18C章,爲特專科技公司設立。機制A及機制B不適用。初訂分配份額爲5%,回補門檻:10倍至不足50倍→10%,50倍或以上→20%。根據第18C.08條,發售股份總數中至少50%須由配售部分的獨立定價投資者認購。

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 希迪智駕(03881)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