Hong Kong IPO cost report: brokers, tiers, multiple accounts

Enter the offer price and board lot from the prospectus, the valid applications and successful applicants for each application tier from the allotment results, and your brokers' margin and fee terms. The free preview is computed instantly in your browser. The full report is paid per report, computed line by line by the same hkipo-fees engine, and can be printed or saved as PDF.

Free: entry fee, own cash, fixed cost, break-even price and allotment rate for the main broker and first tier. Paid full report: cash vs margin comparison across brokers, expected value table by tier, two charts, multiple-account table, company open-data facts and the full method notes.

IPO terms (you enter them from the prospectus)

Name (yours, used as report title) Stock code (optional) Offer price (HK$) Board lot (shares)

With a stock code, the full report adds the company's open facts from Wikidata (CC0, with source links). This site does not supply IPO terms; you enter every number.

Allotment results (application tiers)

One row per tier: lots applied, valid applications, successful applicants, and the average lots allotted to a successful applicant (1.5 = half get 1 lot, half get 2). Without a table, use the single-tier fields below.

Lots applied	Valid applications	Successful applicants	Avg lots allotted

Single tier: lots appliedSingle tier: allotment rate % (optional)

Broker terms (first row = main broker)

Margin multiple 1 means cash. The full report computes both a cash and a margin option for every broker.

Broker	Margin x	Rate %	Days	Handling HK$	Financing HK$	Sell comm. %	Min comm. HK$	Platform HK$

Scenarios and accounts

Day-1 change scenarios % (comma separated) Accounts (different applicants, 1–20; multiple applications by one person are usually forbidden)

Demo inputs are fictional, not a real IPO.

Free preview

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After paying, enter your payment email and the order number from the Waffo Pancake receipt email (starts with ORD_), then click Generate. Re-generating the same inputs or switching language uses no credit, and you can reopen your reports for 1 year.

Privacy: the preview is computed in your browser only. When you generate a full report, the IPO terms, allotment data and broker terms you entered are sent to our report service (Cloudflare Workers) and stored with your order for 1 year so you can reopen the report; we store only a hash of your email. Arithmetic only, not investment advice.