HK IPO Market Overview

Cross-IPO Comparison

Public Offering Frozen Capital Calendar（100M HKD）

Stacked bar chart showing daily total frozen capital from IPO public offerings. Each IPO freezes subscription funds from the offer period end date noon, assuming all brokers announce allotment results and unfreeze funds on T-2 (2 trading days before listing) afternoon. Multiple IPOs may freeze capital on the same day, with colored segments within each day's bar representing individual IPOs, allowing observation of market liquidity tension and IPO capital conflicts. Frozen capital = Oversubscription × Initial Public Offering Shares × Offer Price Upper Limit.

Oversubscription vs First-day P&L%

Scatter plot showing the relationship between IPO oversubscription ratio and first-day price change. Each dot represents one stock, colored by listing year. X-axis uses logarithmic scale. Data sources: allotment results (oversubscription ratio) and first-day closing prices.

Public Offer Participation

Bar chart (total applicants) + line chart (total winners) showing public offer participation for each IPO. X-axis lists stocks in reverse chronological order (newest first), Y-axis uses linear scale for applicant/winners count. The applicant count reflects market demand, while the winner count reflects actual allocation scale — the gap between them indicates subscription competitiveness. Data calculated from allotment results announcements published by share registrars.

Allottee Composition (by Listing Date)

Allottee composition sorted by listing date (newest first). Data sourced from publicly disclosed documents, with province/region and gender inferred from the first 6 digits of ID numbers.

Province Heatmap

Heatmap of allottee distribution by province/region. Darker colors indicate higher allottee counts. Data sourced from publicly disclosed documents, with province/region inferred from the first 6 digits of ID numbers.

Gender Composition (by Listing Date)

Allottee composition by gender. Data sourced from publicly disclosed documents, with gender inferred from ID numbers.

Age Composition by Listing Date (Reverse Chronological)

Allottee distribution by age range. Data sourced from publicly disclosed documents, with age inferred from ID numbers. Median age is for reference only.

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