Yushu Technology's IPO Surges Up to 7.3x on Listing, Generating a Profit of Approximately 475,000 RMB

BlockBeats News, August 19th. On the first day of listing on the A-share market, Yushu Technology's stock price soared by 500% to reach 900 yuan. Based on Yushu Technology's IPO price of 150.8 yuan per share, successful investors who subscribed at the IPO price earned approximately 5.97 times (nearly 6 times) their investment. Yushu Technology's IPO on the Sci-Tech Innovation Board planned to issue 40.4464 million shares, accounting for 10% of the post-IPO total share capital. With an allocation of 500 shares per successful subscriber, each valued at about 450,000 yuan, after deducting the subscription payment of 75,000 yuan, the profit is approximately 375,000 yuan.

If we calculate based on the highest price of 1100 yuan at the opening, investors would earn approximately 7.3 times their investment. With an allocation of 500 shares per subscriber, each valued at about 550,000 yuan, after deducting the subscription payment of 75,000 yuan, the profit is about 475,000 yuan.