Yushu's stock subscription isn't just about luck; the purchase price by scalpers has risen to 410 yuan per share.
On the afternoon of August 11, the results of Yushu Technology's initial public offering (IPO) were gradually released, with an online issuance winning rate of 0.0181%. This means that approximately one in every 5,500 application numbers will win. This probability is 1/26 of the winning rate of Changxin Technology. Under the rules for IPOs in Shanghai and Shenzhen, investors can only rely on luck. However, in the face of the rare "big meat ticket," some investors still have strategies to improve their winning chances. For example, applying for the maximum amount by using all 12 allocation numbers; collecting stock accounts that meet Sci-tech Innovation Board qualifications and have trading records in the Shanghai market in advance, to gain an advantage through volume. One investor joined a "shared IPO group": the group leader organized hundreds of people to apply together. After winning, the group leader takes a 20%-30% commission on the earnings, while the winners can receive an additional 10% of the total profit, and the remaining amount is shared among all participants based on their contributions, such as the number of allocation numbers provided. "This turns the small probabilities of making a large profit and relying on luck into a business model where more people can earn small profits with higher certainty." Some internet users have been discussing on social media whether Yushu Technology's stock will drop below its issue price after its listing. This investor revealed that before the listing, scalpers were already buying Yushu Technology's stock at high prices, with the reported acquisition price rising to 410 yuan per share on August 10, which is 170% higher than the issue price of 150.80 yuan per share.
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