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If you get all three new A-share IPOs recently, you can earn up to 1 million yuan.
Such high returns from IPOs have also led to another distortion: the price on the first day of listing is too high, with a high premium that overdraws future potential.
On one hand, winning the lottery guarantees a profit of 500,000 yuan; on the other hand, retail investors who buy after the opening are all stuck at the peak, and the trend is very likely to decline continuously. This gameplay is essentially no different from the big crypto truck IDO, with hundreds of times overfunding, high FDV at opening, leaving the secondary market to take the risk.
There is also a view that the higher-ups tacitly allow the secondary market to decline gradually, but the IPO must appear prosperous, which has led to this practice of low circulation and high pricing at the opening.

Moderna's stock price surged 177% last night, making history again.
The company and Merck announced that their melanoma skin cancer vaccine achieved the target effect in a large trial.
Simply put, the vaccine is effective against this type of cancer, marking the first time in human history that a vaccine has passed Phase 3 clinical trials.
It should be noted that this vaccine is not preventive but a direct treatment! The principle is to take the patient's tumor for testing to identify markers, then create a personalized mRNA vaccine to teach the immune system to precisely target and kill cancer cells.
This company, which was once famous for its COVID vaccine but then fell from grace, has been rediscovered by the market overnight.


Tesla flying car is finally here!
Tesla has collaborated with SpaceX to create a demonstration vehicle equipped with SpaceX cold air thrusters.
The car body features about 10 miniature jet nozzles combined with ultra-high-pressure air tanks to achieve takeoff/hovering stunts.
The demonstration is planned to be held as early as this month at SpaceX's McGregor rocket test facility in Texas.
Hyepr is still too ahead of its time, isn't Yushu Technology going public? As China's first listed robotics company, Yushu Technology even has off-market intermediaries and scalpers conducting dark pool trading for new shares.
That means scalpers agree on a price with you, for example 520, they pay you some money upfront to lock it in, and on the opening day, if the price goes higher, the extra profit goes to them; if it goes lower, they compensate you.
Hyper has already risen to 630 RMB, domestic scalpers buy retail orders at 520, directly arbitraging 110 RMB per share 🤣

Duan Yongping's Q2 portfolio operations are here
Old Duan significantly reduced holdings in the AI industry chain, with Nvidia shares down 54.63%, Google down 46.88%, Microsoft down 25.78%, and TSMC completely sold off
At the same time, bottom-fishing in Chinese internet stocks, massively buying Pinduoduo, increasing holdings by 5,273,800 shares. Also newly established a position in Alibaba, with an ending portfolio market value of about $28.93 million
Top five heavy holdings ranking: Apple, Berkshire B, Pinduoduo, Tesla, Nvidia
