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Hong Kong IPO Tracker

Live subscription, price-fix, allotment and listing schedule for all IPOs on the Hong Kong Stock Exchange. One-click into our allotment-rate calculator to size your application.

Last synced: 18/05/2026, 16:29 HKTSync schedule: 11:00 / 22:00 HKTSource: AAStocks
How the money moves:Subscription freezes capital → allotment day − 1 afternoon refund lands if not allocated → listing day − 1 evening grey market → 09:00 next day official listing.

Live margin pulse — broker subscription totals & oversubscription

Hourly snapshot of every active HK IPO. Reverse-calculated per-tier allotment rate uses 馭勢-style method: 公开发行 = 孖展 / 超额倍数 → 1手 / 甲尾 / 乙头 / 乙1-4 odds.

Synced
18/05, 16:29 HKT
07688.HK
拓璞数控
Margin total
HK$6551B
Oversubscribed
3798×
Last broker delta
老虎国际: 1.3689亿
Extremely bullish — worth subscribing15/05, 11:05
Reverse-calculated allotment estimate
Public offering: ~HK$1.72B
1手(1lt)
0.06%
≥1 lot chance
甲尾(1,875lt)
39.0%
≥1 lot chance
乙头(1,876lt)
31.5%
≥1 lot chance

Verdict: Margin explosion → must apply at Pool A tail (proportional zone, ≥1 lot expected)

06871.HK
翼菲科技
Margin total
HK$6309B
Oversubscribed
16817×
Last broker delta
Extremely bullish — worth subscribing15/05, 18:31
Allotment rate available once HKEX publishes offer price + lot size.
01511.HK
驭势科技
Margin total
HK$3052B
Oversubscribed
6999×
Last broker delta
老虎国际: 0.4192亿
Extremely bullish — worth subscribing15/05, 11:05
Reverse-calculated allotment estimate
Public offering: ~HK$0.44B
1手(1lt)
0.04%
≥1 lot chance
甲尾(1,641lt)
20.9%
≥1 lot chance
乙头(1,642lt)
16.4%
≥1 lot chance

Verdict: Margin explosion → must apply at Pool A tail (proportional zone, ≥1 lot expected)

06872.HK
丹诺医药-B
Margin total
HK$206B
Oversubscribed
327×
Last broker delta
Bullish — strong demand18/05, 15:42
Reverse-calculated allotment estimate
Public offering: ~HK$0.63B
1手(1lt)
0.61%
≥1 lot chance
甲尾(1,307lt)
4.00 lt
Guaranteed
乙头(1,308lt)
95.0%
≥1 lot chance

Verdict: Margin split by large players → consider Pool B (head tier still has decent odds)

02723.HK
深演智能
Margin total
HK$10.07B
Oversubscribed
18.5×
Last broker delta
华盛证券: 0.12亿
Light interest — wait & see18/05, 15:42
Reverse-calculated allotment estimate
Public offering: ~HK$0.54B
1手(1lt)
8.54%
≥1 lot chance
甲尾(891lt)
48.1 lt
Guaranteed
乙头(892lt)
43.4 lt
Guaranteed

Verdict: Light interest → 1-lot toe-dip or skip

03310.HK
云英谷科技
Margin total
HK$7.18B
Oversubscribed
5.0×
Last broker delta
复星国际: 0.0242亿
Light interest — wait & see18/05, 15:42
Reverse-calculated allotment estimate
Public offering: ~HK$1.43B
1手(1lt)
28.2%
≥1 lot chance
甲尾(1,189lt)
237 lt
Guaranteed
乙头(1,190lt)
213 lt
Guaranteed

Verdict: Light interest → 1-lot toe-dip or skip

00901.HK
华曦达
Margin total
HK$4.74B
Oversubscribed
6.0×
Last broker delta
复星国际: 0.0006亿
Light interest — wait & see18/05, 15:42
Reverse-calculated allotment estimate
Public offering: ~HK$0.79B
1手(1lt)
23.9%
≥1 lot chance
甲尾(1,509lt)
250 lt
Guaranteed
乙头(1,510lt)
225 lt
Guaranteed

Verdict: Light interest → 1-lot toe-dip or skip

Source: AiPO (myiqdii.com)Refresh cadence: hourlyMargin total = HK$ frozen across all brokers. Cumulative; never reset until subscription closes. Disclosed AiPO snapshot is calibrated × 1.5 to estimate true street total (silent prop / dark margin not in public feed).
Grey market or Day 1 — which is the smarter exit?
See win rates across 107 past HK IPOs (grey market beats Day 1 in 60.7% of cases) →

Closing soon · prepare your capital

Red < 48h · Orange < 72h
~19h left
06872.HK
丹諾醫藥-B
Closes:2026-05-19
Estimate allotment →
2d 19h left
00901.HK
華曦達
Closes:2026-05-21
Estimate allotment →
2d 19h left
02723.HK
深演智能
Closes:2026-05-21
Estimate allotment →
2d 19h left
03310.HK
雲英谷科技
Closes:2026-05-21
Estimate allotment →

Capital planning · reusable vs conflicting

Reusable: apply in sequence — if the earlier IPO does not allocate, the refund lands in the afternoon and can fund a NEXT IPO closing on a strictly later calendar day. Same-day close = conflict (HK IPOs close ~12:00 HKT, refund arrives ~16:00 HKT — too late). Conflicting: subscription windows overlap or share a close date, so each needs its own capital pool.

Reusable combos (same capital rolls forward)

Combo 1 · 2 IPOs
Same capital reusable
  1. 1
    Close: 2026-05-19refund 2026-05-20 PM
  2. 2
    華曦達00901.HK
    Close: 2026-05-21refund 2026-05-22 PM

Conflicting IPOs · need 2 separate capital pools

These IPOs have overlapping subscription windows. Refunds from each arrive too late to fund the next, so each application locks its own pool of capital until allotment.

深演智能02723.HK
Independent capital
Close: 2026-05-21
Refund: 2026-05-22 PM
Independent capital
Close: 2026-05-21
Refund: 2026-05-22 PM

15-day timeline

2026-05-112026-05-25
05/11
Sun
05/12
Mon
05/13
Tue
05/14
Wed
05/15
Thu
05/16
Fri
05/17
Sat
05/18
Sun
05/19
Mon
05/20
Tue
05/21
Wed
05/22
Thu
05/23
Fri
05/24
Sat
05/25
Sun
翼菲科技
06871.HK
G
L
馭勢科技
01511.HK
Subscription
Frozen
G
L
拓璞數控
07688.HK
Subscription
Frozen
G
L
丹諾醫藥-B
06872.HK
Subscription
G
L
華曦達
00901.HK
Subscription
深演智能
02723.HK
Subscription
雲英谷科技
03310.HK
Subscription
樂動機器人
01236.HK
L
英派藥業-B
07630.HK
G
L
劑泰科技-P
07666.HK
G
L
PhaseSubscriptionCapital frozenGrey marketListing
EventPrice fixAllotmentRefund (derived)

Refund = capital return on allotment date − 1 afternoon (unallocated cash lands back). Grey market = listing date − 1 evening.

IPO details

翼菲科技
06871.HK
Upcoming
Subscription
05/08/2605/13/26
Price fix
05/08/26
Allotmentrefund 05/14/26 PM
05/15/26
Listinggrey market 05/15/26 eve
05/18/26
今日上市
馭勢科技
01511.HK
Upcoming
Offer price
HK$60.3
Lot size
50 shares
Entry fee
HK$3,045.4
Subscription
05/12/2605/15/26
Price fix
05/12/26
Allotmentrefund 05/18/26 PM
05/19/26
Listinggrey market 05/19/26 eve
05/20/26
2日後上市
Allotment estimate@ 6999×
1手
0.04%
甲尾
20.9%
乙头
16.4%
拓璞數控
07688.HK
Upcoming
Offer price
HK$26.39
Lot size
100 shares
Entry fee
HK$2,665.61
Subscription
05/12/2605/15/26
Price fix
05/12/26
Allotmentrefund 05/18/26 PM
05/19/26
Listinggrey market 05/19/26 eve
05/20/26
2日後上市
Allotment estimate@ 3798×
1手
0.06%
甲尾
39.0%
乙头
31.5%
丹諾醫藥-B
06872.HK
Subscribing
Offer price
HK$75.7
Lot size
50 shares
Entry fee
HK$3,823.17
Subscription
05/14/2605/19/26
Price fix
05/14/26
Allotmentrefund 05/20/26 PM
05/21/26
Listinggrey market 05/21/26 eve
05/22/26
4日後上市
Allotment estimate@ 327×
1手
0.61%
甲尾
4.00lt
乙头
95.0%
華曦達
00901.HK
Subscribing
Offer price
HK$32.8
Lot size
100 shares
Entry fee
HK$3,313.08
Subscription
05/18/2605/21/26
Price fix
05/18/26
Allotmentrefund 05/22/26 PM
05/26/26
Listinggrey market 05/26/26 eve
05/27/26
Allotment estimate@ 6×
1手
23.9%
甲尾
250lt
乙头
225lt
深演智能
02723.HK
Subscribing
Offer price
HK$43.5-55.5
Lot size
100 shares
Entry fee
HK$5,605.97
Subscription
05/18/2605/21/26
Price fix
05/22/26
Allotmentrefund 05/22/26 PM
05/26/26
Listinggrey market 05/26/26 eve
05/27/26
Allotment estimate@ 19×
1手
8.54%
甲尾
48.1lt
乙头
43.4lt
雲英谷科技
03310.HK
Subscribing
Offer price
HK$20.81
Lot size
200 shares
Entry fee
HK$4,203.98
Subscription
05/18/2605/21/26
Price fix
05/18/26
Allotmentrefund 05/22/26 PM
05/26/26
Listinggrey market 05/26/26 eve
05/27/26
Allotment estimate@ 5×
1手
28.2%
甲尾
237lt
乙头
213lt
樂動機器人
01236.HK
Recently listed
Subscription
04/30/2605/06/26
Price fix
05/07/26
Allotmentrefund 05/07/26 PM
05/08/26
Listinggrey market 05/08/26 eve
05/11/26
英派藥業-B
07630.HK
Recently listed
Subscription
05/05/2605/08/26
Price fix
05/11/26
Allotmentrefund 05/11/26 PM
05/12/26
Listinggrey market 05/12/26 eve
05/13/26
劑泰科技-P
07666.HK
Recently listed
Subscription
05/05/2605/08/26
Price fix
05/05/26
Allotmentrefund 05/11/26 PM
05/12/26
Listinggrey market 05/12/26 eve
05/13/26

From calendar to cash

This calendar answers "when". The calculator answers "how much". Pair them: pick an IPO here, jump to the calculator, enter your lots + expected oversubscription, and see your probability and margin ROI before the subscription window closes.

Related reading

Frequently asked

How often is this calendar updated?

Twice daily at 11:00 and 22:00 Hong Kong time. A cron job on our VPS scrapes AAStocks, diffs the JSON, and triggers an incremental revalidate. In practice you will see same-day changes within an hour of AAStocks publishing them.

What do the stage codes mean?

O = Subscription opens · P = Subscription period · C = Subscription closes · F = Offer price fixed · A = Allotment announced · L = Listing day on HKEX. Two derived codes: R = Refund (allotment date − 1, afternoon) when unallocated capital actually returns to your account, G = Grey market (listing date − 1, evening) when you can trade on the off-exchange venue before official listing.

How do I tell when my capital is free for the next IPO?

Official allotment date (A) is when the exchange publishes results, but most brokers SMS/push the outcome the afternoon BEFORE, which is when unallocated cash is already usable. Rule of thumb: if IPO B's subscription_close date is on or after IPO A's (allotment − 1), you can roll the same capital from A into B. The 'Capital-compatible combos' cards above do this check for you.

What happens at grey market?

Grey market is the off-exchange trading window on the evening before official HKEX listing (typically 16:15 – 18:30 HKT on L − 1). Brokers like Phillip / Futu let you enter trades at expected open prices, useful for locking in gains / cutting losses before the 09:00 listing session.

How do I estimate my allotment probability?

Click "Estimate allotment" on any IPO card. Our free calculator uses the dual-pool model (Pool A retail, Pool B large) calibrated against real HKEX allotment data. Enter your lots + expected oversubscription, get probability + margin-financed return.