Feels pretty accurate. In Hong Kong stock IPOs, I bought Into JICCI Wanxiang Chuang and it broke even?—I ended up losing 1,600 HKD.
This loss has already wiped out the profits I made from my previous IPO trades. I can only start over again!
According to my trading rules: when there is a relatively sufficient profit, or if the price drops more than expected, I sell directly in the grey market. Otherwise, I wait for the opening—but on day one, regardless of profit or loss, I must sell everything.
Following trading discipline, I just sold at 949 HKD at a loss. After factoring in taxes and fees, the real loss was over 1,600 HKD.
In the future, I’ll still be cautious about participating in A+H shares. In the A-share market, JICCI Wanxiang Chuang is down 10% today, and it’s still trending lower.
💡 Actually, JICCI Wanxiang Chuang is overall very impressive:
1⃣ Its core customers are all AI giants (NVIDIA, Google, Meta)
2⃣ Epic-level backing from major capital players (Temasek, BlackRock, Hillhouse)
3⃣ The biggest IPO in Hong Kong after Alibaba
4⃣ The world’s #1 optical module provider—truly a global leader
5⃣ A leading player in the AI industry chain
But with all those highlights, none of them matter to capital in the face of current dynamics!
⭐️ For small funds that are purely doing IPO bidding, long-term value isn’t the key. The premium on the first day is. If there isn’t a 1% increase, once you deduct the commissions and fees, you’ll immediately end up losing money—this is completely different from the logic of long-term investors.
On this point, most retail investors are still rational. They’re just not as enthusiastic—after all, the subscription multiple is only 8.7x. Compared with other IPOs where you can talk about several hundred or even over a thousand times, it’s just not as enticing.
Also, Hong Kong IPO bidding has been volatile recently. Even popular stocks might not surge on day one. Capital heat, the allocation structure, market sentiment, and the overall environment can change—so the result could easily be a loss.
✅ I’ve admitted it, accepted the mistake, and cut losses in time.
I’ve moved the money into a fund. It earns 10 RMB in one day. Waiting for the next opportunity!
This loss has already wiped out the profits I made from my previous IPO trades. I can only start over again!
According to my trading rules: when there is a relatively sufficient profit, or if the price drops more than expected, I sell directly in the grey market. Otherwise, I wait for the opening—but on day one, regardless of profit or loss, I must sell everything.
Following trading discipline, I just sold at 949 HKD at a loss. After factoring in taxes and fees, the real loss was over 1,600 HKD.
In the future, I’ll still be cautious about participating in A+H shares. In the A-share market, JICCI Wanxiang Chuang is down 10% today, and it’s still trending lower.
💡 Actually, JICCI Wanxiang Chuang is overall very impressive:
1⃣ Its core customers are all AI giants (NVIDIA, Google, Meta)
2⃣ Epic-level backing from major capital players (Temasek, BlackRock, Hillhouse)
3⃣ The biggest IPO in Hong Kong after Alibaba
4⃣ The world’s #1 optical module provider—truly a global leader
5⃣ A leading player in the AI industry chain
But with all those highlights, none of them matter to capital in the face of current dynamics!
⭐️ For small funds that are purely doing IPO bidding, long-term value isn’t the key. The premium on the first day is. If there isn’t a 1% increase, once you deduct the commissions and fees, you’ll immediately end up losing money—this is completely different from the logic of long-term investors.
On this point, most retail investors are still rational. They’re just not as enthusiastic—after all, the subscription multiple is only 8.7x. Compared with other IPOs where you can talk about several hundred or even over a thousand times, it’s just not as enticing.
Also, Hong Kong IPO bidding has been volatile recently. Even popular stocks might not surge on day one. Capital heat, the allocation structure, market sentiment, and the overall environment can change—so the result could easily be a loss.
✅ I’ve admitted it, accepted the mistake, and cut losses in time.
I’ve moved the money into a fund. It earns 10 RMB in one day. Waiting for the next opportunity!