HK IPOAIHong Kong IPO intelligence

L1 strategy backtest

Listed post-rule samples, tracking actual outcome distributions by scenario layer for grey-market and listing-day performance.

Sample window
Last 3 months
Sample period
2026-04-14 - 2026-07-08
Method?
Only clear direction-off cases count as misses
Accuracy
91.8%
56/61 IPOs
Samples
61
Trend
Average
+60.5%
Median return
+40.8%
Direction off
5
Miss types

Scenario hit rate over time

Rolling hit rate over latest 10 IPOs
100.0%
10/10

Actual distribution

Big up 32Up 8Flat 13Down 7Big down 1

Outcome distribution by layer

Strong positive
Samples 7 · Median return +97.6% · Direction off 1
Positive
Samples 25 · Median return +74.5% · Direction off 3
Neutral-positive
Samples 17 · Median return +47.4% · Direction off 0
Neutral watch
Samples 8 · Median return -4.5% · Direction off 0
Neutral-negative
Samples 2 · Median return +20.3% · Direction off 1
Cautious
Samples 0 · Median return · Direction off 0
High caution
Samples 2 · Median return -4.1% · Direction off 0

Recent listed IPO comparison

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