---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40172723.md"
description: "$TENCENT(00700.HK)$BABA-W(09988.HK)$MNSO(09896.HK)I feel the win rate for applying for IPOs in Hong Kong stocks is still quite high. The problem is, the win rate is basically inversely proportional to the allocation rate.Participated with two accounts, and this time I didn't get a single share again.So far, I've won twice in IPO applications: once for Haitian Soy Sauce, and once for Seres. 🤢This morning, I was extremely depressed watching the Hang Seng Tech Index. I was busy complaining, and my order to average down was placed a bit late.As a result, I didn't manage to buy a single order, which made me even more depressed at the close. 😭"
datetime: "2026-04-24T11:16:18.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40172723.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40172723.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40172723.md)
author: "[大花卷](https://longbridge.com/en/profiles/12196320.md)"
---

# $TENCENT(00700.HK)$BABA-W(09988.HK)$MNSO(09896.HK)…


### Related Stocks

- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [09896.HK](https://longbridge.com/en/quote/09896.HK.md)
- [09927.HK](https://longbridge.com/en/quote/09927.HK.md)
- [601127.CN](https://longbridge.com/en/quote/601127.CN.md)
- [07552.HK](https://longbridge.com/en/quote/07552.HK.md)
- [07226.HK](https://longbridge.com/en/quote/07226.HK.md)
- [00700.HK](https://longbridge.com/en/quote/00700.HK.md)
- [89988.HK](https://longbridge.com/en/quote/89988.HK.md)
- [BABA.US](https://longbridge.com/en/quote/BABA.US.md)
- [MNSO.US](https://longbridge.com/en/quote/MNSO.US.md)
- [80700.HK](https://longbridge.com/en/quote/80700.HK.md)
- [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md)
- [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md)
- [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md)
- [BABO.US](https://longbridge.com/en/quote/BABO.US.md)
- [BABX.US](https://longbridge.com/en/quote/BABX.US.md)
- [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md)
- [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md)

## Comments (8)

- **跟顾神反着买 · 2026-05-02T15:29:47.000Z**: It's really just like the Zhonghai Tian soy sauce lottery; you only get allocated shares when you lose money, never when you make a profit😂
- **忒弥斯托克利 · 2026-04-27T02:59:38.000Z**: I also got Seres, 😮‍💨
- **Sun1990 · 2026-04-24T23:59:37.000Z**: E Fund Gold is a case of 'buy how much, get how much' (i.e., a guaranteed allocation). Is there anything more scammy than this?
- **z个两 · 2026-04-24T14:07:02.000Z**: No matter how much you buy, it's 15 shares. One lot is too little..
- **闻着味就来了 · 2026-04-24T13:19:02.000Z · 👍 1**: Normally, applying for an IPO requires a certain amount of capital. Using only tens of thousands of dollars is basically like buying a lottery ticket. Only when the capital amount is large enough to reach the tail of the A group or the head of the B group can there be certainty.
  - **大花卷** (2026-04-24T13:44:51.000Z): Indeed, I've been lazy. I need to find some time to study the rules for applying for an IPO. 🙃
- **王富贵_3NTd2P · 2026-04-24T11:38:10.000Z · 👍 3**: Most of the ones that get allocated will break issue price 🥴
- **澹兮 · 2026-04-24T11:18:52.000Z**: The subscription amount is too low. I subscribed for 9,000 shares and only got 15 shares.