The latest IPO subscription wave for Yushu Technology is getting more and more interesting.
On August 11, the price of Yushu’s Pre-IPO perpetual contracts on Trade.xyz rebounded to $86.1, about RMB 580. The corresponding post-listing market capitalization is approximately $34.8 billion, or RMB 234.7 billion. What kind of price is this? Based on the issue price of RMB 150.8 per share, one lot requires a payment for 500 shares of RMB 75,400. At the pre-market price, the value of those 500 shares is about RMB 290,000. After subtracting the subscription payment, the profit per lot is roughly RMB 215,000.
A 3.84x expected IPO subscription return. This is the fattiest piece of meat in this year’s A-share market.
Now let’s talk about winning shares. On the evening of August 11, Yushu Technology disclosed the results of the online lottery. There were 19,414 winning numbers in total, and each winning number can only be used to apply for 500 shares. The payment deadline is August 12. From applying on August 10 to receiving the results on August 11, the timeline was very fast. This time, the final online winning rate was 0.01809759%, close to two per ten thousand—lower than many IPOs. What does that mean? There are simply too many people fighting for it.
From acceptance to approval for listing, it took only 73 days, setting this year’s fastest IPO review record. DeepSeek, Tencent, and others participated in strategic placement. Institutions are rushing to get allocations, while retail investors are also hammering the bids. With such a ridiculously low winning rate, the pre-market premium has been pulled up to 3.84x—this wave of hype around Yushu is no longer just the “first robot stock” story.
For those who won, remember to make your payment before 16:00 on August 12. If you didn’t get in, don’t worry—on the night of the 11th, the 19,414 lucky winners were announced. The next chance to get a cut of the profit won’t be far off.
On August 11, the price of Yushu’s Pre-IPO perpetual contracts on Trade.xyz rebounded to $86.1, about RMB 580. The corresponding post-listing market capitalization is approximately $34.8 billion, or RMB 234.7 billion. What kind of price is this? Based on the issue price of RMB 150.8 per share, one lot requires a payment for 500 shares of RMB 75,400. At the pre-market price, the value of those 500 shares is about RMB 290,000. After subtracting the subscription payment, the profit per lot is roughly RMB 215,000.
A 3.84x expected IPO subscription return. This is the fattiest piece of meat in this year’s A-share market.
Now let’s talk about winning shares. On the evening of August 11, Yushu Technology disclosed the results of the online lottery. There were 19,414 winning numbers in total, and each winning number can only be used to apply for 500 shares. The payment deadline is August 12. From applying on August 10 to receiving the results on August 11, the timeline was very fast. This time, the final online winning rate was 0.01809759%, close to two per ten thousand—lower than many IPOs. What does that mean? There are simply too many people fighting for it.
From acceptance to approval for listing, it took only 73 days, setting this year’s fastest IPO review record. DeepSeek, Tencent, and others participated in strategic placement. Institutions are rushing to get allocations, while retail investors are also hammering the bids. With such a ridiculously low winning rate, the pre-market premium has been pulled up to 3.84x—this wave of hype around Yushu is no longer just the “first robot stock” story.
For those who won, remember to make your payment before 16:00 on August 12. If you didn’t get in, don’t worry—on the night of the 11th, the 19,414 lucky winners were announced. The next chance to get a cut of the profit won’t be far off.