Have you participated in the IPO subscription? ⚠ChangXin Technology IPO countdown ⏰

The profit space for “one-lot” in ChangXin Technology may be between 3,000 yuan and 26k yuan
- The offering price for this issuance is 8.66 yuan per share. If you win the lot, one lot is 500 shares, requiring a payment of 4,330 yuan;
- Based on institutional estimates of market cap, the profit space for one lot is roughly between 3,000 yuan and 26k yuan.

A total fundraise of 26k yuan, second only to Agricultural Bank of China and PetroChina, will exceed the 53.2 billion yuan record set by Semiconductor Manufacturing International Corporation (SMIC) in mid-2020, becoming the third-largest IPO in A-share history and the largest IPO in the STAR Market history.

⚠ Also, the number of shares allocated for the online offering in ChangXin Technology’s IPO increased from 670 million shares announced last week to 3.35 billion shares (including oversubscription allotment), raising the winning probability for ordinary investors accordingly.

An investment research report by Guotou Securities sets four valuation scenarios—conservative, neutral, optimistic, and ultra-optimistic—corresponding to ChangXin Technology valuations of 1 trillion yuan, 1.5 trillion yuan, 2.3 trillion yuan, and 4.25 trillion yuan.

Based on the above estimated market-cap range of 1 trillion to 4 trillion yuan, the first-day trading increase after listing falls in the 70%-600% range. Compared with the 8.66 yuan offering price, the profit space for one lot is roughly between 3,000 yuan and 26k yuan.

💹💹 This year, none of the STAR Market new shares broke their issue price; “big meat lots” keep coming
As of the time of publication, there have been 78 new shares listed this year, including 11 on the STAR Market and 10 on the ChiNext.

These 21 new shares are concentrated in the semiconductor sector. Their average gain on the first trading day exceeds 400%, and the median is 289%. Among them, Changjin Photonics and Zhenbao Technology each jumped more than 15 times and 12 times, respectively, on their first day of listing; in addition, there are 5 other new shares that rose more than 500% on the first day.

In terms of profit per single lot, assuming sale at the highest price on the first trading day, in the year to date there are 6 new shares that can earn more than 100k yuan per lot, namely Lianxun Instruments, Changjin Photonics, Zhenbao Technology, Hengyunchang, Torens, and Dapu Micro.