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The probability of winning the lottery in Yu Shu's IPO subscription account is approximately 0.36%, and institutional investors do not have a significant advantage over retail investors in terms of subscription.

Aug 10, 12:19

August 10th, Yushu Technology will start offline and online subscription today. Shareholders in the Shanghai Stock Connect with an average daily balance of RMB 60,000 or more will receive 12 allocation numbers and can subscribe for 6000 shares at the maximum limit. Both large and small shareholders have the same probability of winning in the lottery. According to several institutions' predictions, the online subscription winning rate per allocation number of Yushu Technology is about 0.03%, subscribing for the maximum 12 allocation numbers, the overall winning probability per account is about 0.36%.

On Trade.xyz, the perpetual contract for Yushu Technology (Unitree) IPO was quoted at $86.4 today, equivalent to RMB 582.99. The IPO issue price is RMB 150.8 per share, and the pre-market contract price is about 3.86 times the issue price. This Sci-Tech Innovation Board IPO plans to issue 40.4464 million shares, accounting for 10% of the total post-issue shares; one lot is 500 shares, and the subscription payment for one lot is about RMB 75,400. Based on the latest price on Trade.xyz, the value of 500 shares is about RMB 291,400. After deducting the RMB 75,400 subscription payment, the potential profit per lot is about RMB 216,000.