Greenshoe

Eight steps from filing to greenshoe

Every Hong Kong listing follows the same path. We record each step and link to the filing behind it.

  1. Application filed

    The Application Proof goes up on HKEXnews.

  2. Listing hearing

    The hearing is passed and the Post Hearing Information Pack published.

  3. Launch

    Prospectus and formal notice: price range and timetable.

  4. Offer period

    Retail and institutional books open, usually for four to five days.

  5. Pricing

    The final offer price, and where it landed against the range.

  6. Allotment

    How many times each tranche was covered, clawback and money raised.

  7. First day

    Offer price against the first-day close.

  8. Greenshoe

    About 30 days later: the over-allotment option exercised, in part, or lapsed.

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Offshore bond monitor

New US dollar, offshore renminbi and Hong Kong dollar bonds from Chinese issuers, with the same fields recorded for every deal: issuer and credit support, size, coupon, tenor, ranking, ratings and use of proceeds.

How the data is collected

Sources
Applications, hearings, prospectuses, allotment results and stabilisation announcements come from HKEXnews. Filing notices for mainland companies come from the China Securities Regulatory Commission website. First-day prices come from Yahoo Finance.
Timing
The tracker runs once a day at 6:00 Hong Kong time, so anything filed during the day appears the next morning.
Stages
Application filed means an Application Proof is on HKEXnews. Hearing passed means a Post Hearing Information Pack has been published. Offering means the prospectus is out and the shares have not started trading. Listed means the shares have started trading.
Known gaps
Prices, subscription levels and greenshoe results are read from the standard summary in each announcement. If an announcement uses an unusual layout, the figure is left blank rather than guessed. Offering records go back to January 2026; earlier filings and hearings are incomplete. The CSRC site returns only its five most recent filing notices, so on busy days some can be missed.
Sources first
Every entry links to the document it came from. Where our data and the filing differ, the filing is right.

Questions

Does it cost anything?

No. Greenshoe is free, and we don't ask for payment details.

Is this investment advice?

No. We publish data and factual summaries of public documents. We don't tell anyone to buy or sell a security.

Where does the data come from?

Application, hearing and listing records come from HKEXnews. Filing notices for mainland companies come from the China Securities Regulatory Commission. First-day closing prices come from public market data. Every entry links to the document it came from.

How up to date is it?

The tracker checks HKEXnews and the CSRC every morning at 6:00 Hong Kong time. Always check the linked filing before relying on a figure.

Why is it called Greenshoe?

A greenshoe is the over-allotment option in an IPO. It lets the banks sell up to 15% more shares than planned and helps support the price after listing. It's the last thing that happens in a deal's life, and the last thing we track.