Changxin Technology is set to list on Shanghai’s STAR Market at an offering price of RMB 8.66 per share, according to a report cited by ChainCatcher from Jin10. Based on the average gain of 278.01% across all new listings, estimated profit from one lottery allotment would be about RMB 12,000. Using the 466.67% average gain for STAR Market IPOs, that figure rises to roughly RMB 20,200. Institutional commentary cited in the report said the new-share segment has recently seen a phased intraday rebound, with panic easing. It added that cycle pricing indicators and sentiment indicators have largely fallen back to neutral or slightly below-neutral levels for the year, suggesting the sharp release of high-level risk may be nearing an end. Even so, the note said a return to outright strength in the IPO segment may take more time, as cycle indicators still need to converge and stabilize while differences between bulls and bears gradually narrow.
Changxin Technology is set to make its debut on Shanghai’s STAR Market at an offering price of RMB 8.66 per share, according to Jin10, as cited by ChainCatcher.
Using the 278.01% average gain for all newly listed shares, estimated profit from one lottery allotment in the IPO would be about RMB 12,000. Based on the 466.67% average gain for STAR Market IPOs, the estimated profit from one allotment would be about RMB 20,200.
Institutions point to a partial rebound in the new-share segment
Institutional commentary cited in the report said the new-share sector has recently posted a phased intraday rebound, with panic sentiment easing. Looking at current IPO cycle indicators, both cycle pricing metrics and sentiment gauges have largely dropped back to neutral or slightly below-neutral levels for the year. The report said the sharp release of high-level risk may be nearing an end, leaving the segment in a more balanced, range-bound contest between bullish and bearish forces.
Still, the same commentary said a full return to strength in the IPO sector may require more time. On one side, cycle indicators still need to keep converging and stabilizing. On the other, the gap in expectations between bulls and bears may also need to narrow gradually.
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