Changxin Technology is set to officially begin trading on Shanghai’s STAR Market at an offering price of 8.66 yuan per share, according to a report cited by PANews from Jin10. Based on the average gain of 278.01% across all recent new listings, the estimated profit for one subscription lot is about 12,000 yuan. Using the average 466.67% gain for new STAR Market listings, that figure rises to roughly 20,200 yuan.
Institutional commentary cited in the report said the new-share segment has shown a phase of intraday rebound recently, while panic sentiment has eased. Looking at the current IPO cycle indicators, both valuation and sentiment gauges have largely retreated 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, and the new-share sector could move into a more balanced, range-bound contest between bulls and bears.
At the same time, institutions cautioned that a return to outright strength in the IPO segment may take longer. They said further convergence and stabilization in cycle indicators is still needed, along with a gradual narrowing of differences between bullish and bearish views.
Changxin Technology will officially list on Shanghai’s STAR Market at an offering price of 8.66 yuan per share, according to a Jin10 report cited by PANews on July 27.
Based on the average 278.01% gain across all new listings, estimated profit for one subscription lot in Changxin Technology is about 12,000 yuan. Based on the average 466.67% gain for new STAR Market listings, the estimated per-lot profit is about 20,200 yuan.
Institutions say sentiment in new listings has improved
Institutional commentary cited in the report said the new-share segment has recently seen a phase of intraday rebound, with panic sentiment easing. Looking back at changes in current IPO cycle indicators, both cycle pricing indicators and sentiment indicators have basically fallen back to neutral or slightly below-neutral levels for the year. The report said the sharp release of elevated risk may be nearing an end, and the new-share sector may enter a period of relatively balanced, range-bound trading between bullish and bearish forces.
Still, institutions also warned that it may take more time for the new-share segment to regain clear strength. On one side, cycle indicators need to continue converging and stabilizing. On the other, differences between bullish and bearish views may also need to narrow gradually.
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