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.
15-day timeline
2026-07-13 → 2026-07-27Refund = capital return on allotment date − 1 afternoon (unallocated cash lands back). Grey market = listing date − 1 evening.
IPO details
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.
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.