Ushu Technology is absolutely on fire today!
At the open, it surged 629%. With one lot (500 shares), the paper gain was over 470,000 RMB+, then it later pulled back to around 900.
These days, once you catch the scent of “humanoid robots + AI,” the market goes crazy and rushes in—hot money always knows where to run.
Just how absurd is the winning-allocation rate?
For this round, Ushu’s number of winning allocations totaled 19,414. After the drawback (allocation) mechanism kicked in, the winning-allocation rate was compressed even further. This year’s STAR Market IPOs: the highest winning-allocation rate was 0.47% for Changxin Technology, while the lowest was just 0.020% for Changjin Photonics—meaning that if 10,000 people compete, you might only get 2 shares’ worth of luck.
Put simply, it’s a probability game. A winning-allocation rate of 0.02% sounds insane—but the odds/payoff are just as insane. People still camp out and apply for the new issues every day, and institutions are competing ruthlessly. For this issue alone, there are 95 public funds and 5,117 products participating in the subscription. Total subscriptions reached 36.1 billion shares, and the final amount of winning allocations was 1.82 billion.
The essence of the game is: ordinary people rely on luck to gamble for a flag worth hundreds of thousands; institutions, with their scale and capital advantage, just calmly take the profits.
And you also have to open a STAR Market account. With a requirement of two years of experience plus a minimum of 500,000 RMB—good stuff really doesn’t end up going to ordinary people!
At the open, it surged 629%. With one lot (500 shares), the paper gain was over 470,000 RMB+, then it later pulled back to around 900.
These days, once you catch the scent of “humanoid robots + AI,” the market goes crazy and rushes in—hot money always knows where to run.
Just how absurd is the winning-allocation rate?
For this round, Ushu’s number of winning allocations totaled 19,414. After the drawback (allocation) mechanism kicked in, the winning-allocation rate was compressed even further. This year’s STAR Market IPOs: the highest winning-allocation rate was 0.47% for Changxin Technology, while the lowest was just 0.020% for Changjin Photonics—meaning that if 10,000 people compete, you might only get 2 shares’ worth of luck.
Put simply, it’s a probability game. A winning-allocation rate of 0.02% sounds insane—but the odds/payoff are just as insane. People still camp out and apply for the new issues every day, and institutions are competing ruthlessly. For this issue alone, there are 95 public funds and 5,117 products participating in the subscription. Total subscriptions reached 36.1 billion shares, and the final amount of winning allocations was 1.82 billion.
The essence of the game is: ordinary people rely on luck to gamble for a flag worth hundreds of thousands; institutions, with their scale and capital advantage, just calmly take the profits.
And you also have to open a STAR Market account. With a requirement of two years of experience plus a minimum of 500,000 RMB—good stuff really doesn’t end up going to ordinary people!