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Listed

2493 MABWELL-B

Mabwell (Shanghai) Bioscience Co., Ltd.

Biotechnology company in China with end-to-end drug discovery, development, manufacturing and commercial sales capabilities; core product 9MW2821 is a Nectin-4 targeting antibody-drug conjugate for oncology indications.

Overview

Company
Mabwell (Shanghai) Bioscience Co., Ltd.
Sector
Biotechnology / Pharmaceuticals / Antibody-drug Conjugates
Allocation mechanism
-
Listing date
Apr 28, 2026

Offer Details

Offer price
HKD 27.64
Board lot
200
Total offer shares
47,130,200
Hong Kong offer shares
4,713,200
International offer shares
42,417,000
Minimum application
200 shares
Gross proceeds
HKD 1,302,700,000
Net proceeds
HKD 1,189,000,000

Allocation Result

Valid applications
126,378
Subscription multiple
481.71x
One-lot success rate
1%
Successful applications
14,808

Basis of Allocation

Success Rate Trend

Each line runs from the lowest application tier to the highest tier within its own pool. Hover or tap a point for the exact tier.

Pool APool B
0%25%50%75%100%FewerMidMorePool A · Applied shares 200 · Applied lots 1 lots · Valid applications 71,153 · Successful applications 712 · Success rate 1%Pool A · 1 lotsSuccess rate 1%Pool A · Applied shares 400 · Applied lots 2 lots · Valid applications 7,340 · Successful applications 130 · Success rate 1.77%Pool A · 2 lotsSuccess rate 1.77%Pool A · Applied shares 600 · Applied lots 3 lots · Valid applications 4,151 · Successful applications 99 · Success rate 2.38%Pool A · 3 lotsSuccess rate 2.38%Pool A · Applied shares 800 · Applied lots 4 lots · Valid applications 2,234 · Successful applications 67 · Success rate 3%Pool A · 4 lotsSuccess rate 3%Pool A · Applied shares 1,000 · Applied lots 5 lots · Valid applications 3,187 · Successful applications 114 · Success rate 3.58%Pool A · 5 lotsSuccess rate 3.58%Pool A · Applied shares 1,200 · Applied lots 6 lots · Valid applications 973 · Successful applications 41 · Success rate 4.21%Pool A · 6 lotsSuccess rate 4.21%Pool A · Applied shares 1,400 · Applied lots 7 lots · Valid applications 821 · Successful applications 39 · Success rate 4.75%Pool A · 7 lotsSuccess rate 4.75%Pool A · Applied shares 1,600 · Applied lots 8 lots · Valid applications 3,475 · Successful applications 184 · Success rate 5.29%Pool A · 8 lotsSuccess rate 5.29%Pool A · Applied shares 1,800 · Applied lots 9 lots · Valid applications 623 · Successful applications 36 · Success rate 5.78%Pool A · 9 lotsSuccess rate 5.78%Pool A · Applied shares 2,000 · Applied lots 10 lots · Valid applications 5,903 · Successful applications 372 · Success rate 6.3%Pool A · 10 lotsSuccess rate 6.3%Pool A · Applied shares 3,000 · Applied lots 15 lots · Valid applications 3,287 · Successful applications 286 · Success rate 8.7%Pool A · 15 lotsSuccess rate 8.7%Pool A · Applied shares 4,000 · Applied lots 20 lots · Valid applications 1,902 · Successful applications 214 · Success rate 11.25%Pool A · 20 lotsSuccess rate 11.25%Pool A · Applied shares 5,000 · Applied lots 25 lots · Valid applications 1,243 · Successful applications 159 · Success rate 12.79%Pool A · 25 lotsSuccess rate 12.79%Pool A · Applied shares 6,000 · Applied lots 30 lots · Valid applications 1,206 · Successful applications 178 · Success rate 14.76%Pool A · 30 lotsSuccess rate 14.76%Pool A · Applied shares 7,000 · Applied lots 35 lots · Valid applications 869 · Successful applications 145 · Success rate 16.69%Pool A · 35 lotsSuccess rate 16.69%Pool A · Applied shares 8,000 · Applied lots 40 lots · Valid applications 732 · Successful applications 136 · Success rate 18.58%Pool A · 40 lotsSuccess rate 18.58%Pool A · Applied shares 9,000 · Applied lots 45 lots · Valid applications 515 · Successful applications 105 · Success rate 20.39%Pool A · 45 lotsSuccess rate 20.39%Pool A · Applied shares 10,000 · Applied lots 50 lots · Valid applications 2,957 · Successful applications 652 · Success rate 22.05%Pool A · 50 lotsSuccess rate 22.05%Pool A · Applied shares 20,000 · Applied lots 100 lots · Valid applications 2,206 · Successful applications 841 · Success rate 38.12%Pool A · 100 lotsSuccess rate 38.12%Pool A · Applied shares 30,000 · Applied lots 150 lots · Valid applications 1,518 · Successful applications 798 · Success rate 52.57%Pool A · 150 lotsSuccess rate 52.57%Pool A · Applied shares 40,000 · Applied lots 200 lots · Valid applications 1,170 · Successful applications 796 · Success rate 68.03%Pool A · 200 lotsSuccess rate 68.03%Pool A · Applied shares 50,000 · Applied lots 250 lots · Valid applications 886 · Successful applications 731 · Success rate 82.51%Pool A · 250 lotsSuccess rate 82.51%Pool A · Applied shares 60,000 · Applied lots 300 lots · Valid applications 799 · Successful applications 745 · Success rate 93.24%Pool A · 300 lotsSuccess rate 93.24%Pool A · Applied shares 70,000 · Applied lots 350 lots · Valid applications 574 · Successful applications 574 · Success rate 100%Pool A · 350 lotsSuccess rate 100%Pool A · Applied shares 80,000 · Applied lots 400 lots · Valid applications 483 · Successful applications 483 · Success rate 100%Pool A · 400 lotsSuccess rate 100%Pool A · Applied shares 90,000 · Applied lots 450 lots · Valid applications 255 · Successful applications 255 · Success rate 100%Pool A · 450 lotsSuccess rate 100%Pool A · Applied shares 100,000 · Applied lots 500 lots · Valid applications 2,094 · Successful applications 2,094 · Success rate 100%Pool A · 500 lotsSuccess rate 100%Pool B · Applied shares 200,000 · Applied lots 1,000 lots · Valid applications 2,197 · Successful applications 2,197 · Success rate 100%Pool B · 1,000 lotsSuccess rate 100%Pool B · Applied shares 300,000 · Applied lots 1,500 lots · Valid applications 428 · Successful applications 428 · Success rate 100%Pool B · 1,500 lotsSuccess rate 100%Pool B · Applied shares 400,000 · Applied lots 2,000 lots · Valid applications 311 · Successful applications 311 · Success rate 100%Pool B · 2,000 lotsSuccess rate 100%Pool B · Applied shares 500,000 · Applied lots 2,500 lots · Valid applications 162 · Successful applications 162 · Success rate 100%Pool B · 2,500 lotsSuccess rate 100%Pool B · Applied shares 600,000 · Applied lots 3,000 lots · Valid applications 132 · Successful applications 132 · Success rate 100%Pool B · 3,000 lotsSuccess rate 100%Pool B · Applied shares 700,000 · Applied lots 3,500 lots · Valid applications 109 · Successful applications 109 · Success rate 100%Pool B · 3,500 lotsSuccess rate 100%Pool B · Applied shares 800,000 · Applied lots 4,000 lots · Valid applications 75 · Successful applications 75 · Success rate 100%Pool B · 4,000 lotsSuccess rate 100%Pool B · Applied shares 900,000 · Applied lots 4,500 lots · Valid applications 51 · Successful applications 51 · Success rate 100%Pool B · 4,500 lotsSuccess rate 100%Pool B · Applied shares 1,000,000 · Applied lots 5,000 lots · Valid applications 188 · Successful applications 188 · Success rate 100%Pool B · 5,000 lotsSuccess rate 100%Pool B · Applied shares 2,000,000 · Applied lots 10,000 lots · Valid applications 36 · Successful applications 36 · Success rate 100%Pool B · 10,000 lotsSuccess rate 100%Pool B · Applied shares 2,356,600 · Applied lots 11,783 lots · Valid applications 133 · Successful applications 133 · Success rate 100%Pool B · 11,783 lotsSuccess rate 100%1%5.29%14.76%68.03%100%100%100%100%100%100%Applied lots: Fewer -> MoreSuccess rate
PoolApplied sharesSuccess rate
A

200

Applied lots: 1 · Valid applications: 71,153 · Successful applications: 712 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 1%

1%
A

400

Applied lots: 2 · Valid applications: 7,340 · Successful applications: 130 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.89%

1.77%
A

600

Applied lots: 3 · Valid applications: 4,151 · Successful applications: 99 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.79%

2.38%
A

800

Applied lots: 4 · Valid applications: 2,234 · Successful applications: 67 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.75%

3%
A

1,000

Applied lots: 5 · Valid applications: 3,187 · Successful applications: 114 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.72%

3.58%
A

1,200

Applied lots: 6 · Valid applications: 973 · Successful applications: 41 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.7%

4.21%
A

1,400

Applied lots: 7 · Valid applications: 821 · Successful applications: 39 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.68%

4.75%
A

1,600

Applied lots: 8 · Valid applications: 3,475 · Successful applications: 184 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.66%

5.29%
A

1,800

Applied lots: 9 · Valid applications: 623 · Successful applications: 36 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.64%

5.78%
A

2,000

Applied lots: 10 · Valid applications: 5,903 · Successful applications: 372 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.63%

6.3%
A

3,000

Applied lots: 15 · Valid applications: 3,287 · Successful applications: 286 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.58%

8.7%
A

4,000

Applied lots: 20 · Valid applications: 1,902 · Successful applications: 214 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.56%

11.25%
A

5,000

Applied lots: 25 · Valid applications: 1,243 · Successful applications: 159 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.51%

12.79%
A

6,000

Applied lots: 30 · Valid applications: 1,206 · Successful applications: 178 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.49%

14.76%
A

7,000

Applied lots: 35 · Valid applications: 869 · Successful applications: 145 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.48%

16.69%
A

8,000

Applied lots: 40 · Valid applications: 732 · Successful applications: 136 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.46%

18.58%
A

9,000

Applied lots: 45 · Valid applications: 515 · Successful applications: 105 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.45%

20.39%
A

10,000

Applied lots: 50 · Valid applications: 2,957 · Successful applications: 652 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.44%

22.05%
A

20,000

Applied lots: 100 · Valid applications: 2,206 · Successful applications: 841 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.38%

38.12%
A

30,000

Applied lots: 150 · Valid applications: 1,518 · Successful applications: 798 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.35%

52.57%
A

40,000

Applied lots: 200 · Valid applications: 1,170 · Successful applications: 796 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.34%

68.03%
A

50,000

Applied lots: 250 · Valid applications: 886 · Successful applications: 731 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.33%

82.51%
A

60,000

Applied lots: 300 · Valid applications: 799 · Successful applications: 745 · Allocated shares: 0-200 · Allocated lots: 0-1 · Allotted %: 0.31%

93.24%
A

70,000

Applied lots: 350 · Valid applications: 574 · Successful applications: 574 · Allocated shares: 200 · Allocated lots: 1 · Allotted %: 0.29%

100%
A

80,000

Applied lots: 400 · Valid applications: 483 · Successful applications: 483 · Allocated shares: 200-400 · Allocated lots: 1-2 · Allotted %: 0.28%

100%
A

90,000

Applied lots: 450 · Valid applications: 255 · Successful applications: 255 · Allocated shares: 200-400 · Allocated lots: 1-2 · Allotted %: 0.27%

100%
A

100,000

Applied lots: 500 · Valid applications: 2,094 · Successful applications: 2,094 · Allocated shares: 200-400 · Allocated lots: 1-2 · Allotted %: 0.26%

100%
B

200,000

Applied lots: 1,000 · Valid applications: 2,197 · Successful applications: 2,197 · Allocated shares: 400 · Allocated lots: 2 · Allotted %: 0.2%

100%
B

300,000

Applied lots: 1,500 · Valid applications: 428 · Successful applications: 428 · Allocated shares: 400-600 · Allocated lots: 2-3 · Allotted %: 0.19%

100%
B

400,000

Applied lots: 2,000 · Valid applications: 311 · Successful applications: 311 · Allocated shares: 600 · Allocated lots: 3 · Allotted %: 0.15%

100%
B

500,000

Applied lots: 2,500 · Valid applications: 162 · Successful applications: 162 · Allocated shares: 600-800 · Allocated lots: 3-4 · Allotted %: 0.15%

100%
B

600,000

Applied lots: 3,000 · Valid applications: 132 · Successful applications: 132 · Allocated shares: 800 · Allocated lots: 4 · Allotted %: 0.13%

100%
B

700,000

Applied lots: 3,500 · Valid applications: 109 · Successful applications: 109 · Allocated shares: 800-1,000 · Allocated lots: 4-5 · Allotted %: 0.13%

100%
B

800,000

Applied lots: 4,000 · Valid applications: 75 · Successful applications: 75 · Allocated shares: 1,000 · Allocated lots: 5 · Allotted %: 0.13%

100%
B

900,000

Applied lots: 4,500 · Valid applications: 51 · Successful applications: 51 · Allocated shares: 1,000-1,200 · Allocated lots: 5-6 · Allotted %: 0.12%

100%
B

1,000,000

Applied lots: 5,000 · Valid applications: 188 · Successful applications: 188 · Allocated shares: 1,200 · Allocated lots: 6 · Allotted %: 0.12%

100%
B

2,000,000

Applied lots: 10,000 · Valid applications: 36 · Successful applications: 36 · Allocated shares: 2,000 · Allocated lots: 10 · Allotted %: 0.1%

100%
B

2,356,600

Applied lots: 11,783 · Valid applications: 133 · Successful applications: 133 · Allocated shares: 2,200 · Allocated lots: 11 · Allotted %: 0.09%

100%