Analysis puts potential gain on a ChangXin Technology IPO allotment at roughly 3,000 yuan to 26,000 yuan

BlockBeats reported on July 16, citing Cailian Press, that investors who receive an allotment in ChangXin Technology’s current share offering would get one lot of 500 shares and need to pay 4,330 yuan. The report outlined four valuation cases for the company — conservative, neutral, optimistic and ultra-optimistic — corresponding to valuations of 1 trillion yuan, 1.5 trillion yuan, 2.3 trillion yuan and 4.25 trillion yuan. Based on an estimated market capitalization range of 1 trillion yuan to 4 trillion yuan, the stock’s first-day gain after listing was projected at 70% to 600%. Using the issue price of 8.66 yuan as the reference point, the potential profit from one winning lot was estimated at about 3,000 yuan to 26,000 yuan.