Hong Kong IPO Insights Dashboard
107 HK IPOs analysed by listing size and per-lot P/L. The patterns the listing-by-listing browse misses: which IPO size bucket beats Day 1 most often, and where per-lot returns concentrate.
Grey market wins
60.7%
of IPOs (65/107)
Day 1 wins
39.3%
of IPOs (42/107)
Avg grey market P/L
HK$+2,976
per lot
Avg Day 1 P/L
HK$+2,745
per lot
Win rate by IPO size
Biggest grey-market edge: Tiny (88.9%). Biggest Day 1 edge: Mega (60%).
| Size bucket | Range (HKD) | N | Grey market wins | Day 1 wins | Avg grey P/L | Avg Day 1 P/L |
|---|---|---|---|---|---|---|
| Tiny | < HK$50M | 9 | 88.9% | 11.1% | HK$+3,824 | HK$+1,544 |
| Small | HK$50M – $200M | 13 | 53.8% | 46.2% | HK$+2,617 | HK$+2,598 |
| Medium | HK$200M – $1B | 29 | 55.2% | 44.8% | HK$+1,689 | HK$+1,718 |
| Large | HK$1B – $5B | 18 | 61.1% | 38.9% | HK$+3,855 | HK$+4,178 |
| Mega | > HK$5B | 5 | 40% | 60% | HK$+3,455 | HK$+3,909 |
Public-tranche size = lots × ~500 shares × issue price. Approximate (board lot varies by stock). N = IPOs in bucket; buckets with N < 5 not used for headlines.
Per-lot P/L distribution
How many of the 107 IPOs landed in each P/L bucket, grey market vs Day 1 closing. Most IPOs cluster in the HK$0–3K band per lot.
< -1kGrey: 4|Day 1: 7
4
7
-1k–0Grey: 18|Day 1: 14
18
14
0–1kGrey: 22|Day 1: 28
22
28
1k–3kGrey: 27|Day 1: 22
27
22
3k–10kGrey: 27|Day 1: 30
27
30
> 10kGrey: 9|Day 1: 6
9
6
Grey market close P/L Day 1 close P/L
Extremes — best and worst per-lot returns
Highest grey market
思格新能
HK$+25,380
Highest Day 1
思格新能
HK$+33,530
Worst grey market
铜师傅
HK$-1,800
Worst Day 1
铜师傅
HK$-2,950