Yushu Technology's New Stock Private Acquisition Bid Reaches 3 Times

Yushu Technology has not officially gone public yet, but trading around this new stock has already begun. Multiple acquisition and sale offers for the new stock subscription rights of Yushu Technology have appeared on second-hand trading platforms like Xianyu. Currently, several intermediaries are acquiring this new stock through various channels, with significant discrepancies in bids; some intermediaries are offering 520 CNY per share (the issue price is 150.8 CNY per share), while others are quoting 410 CNY per share. Some investors and intermediary groups refer to this kind of trading as "dark market". This trading remains a very small-scale activity, and many market participants, including brokers and public funds, have stated that they had not heard of any so-called "dark market" for new shares in the STAR Market prior to this. Its sudden emergence may be related to Yushu Technology's extremely low subscription rate and high expectations for listing gains. Currently, private acquisitions of new shares in A-shares are informal verbal agreements and are not legally protected.

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