Mixue Bingcheng listed today, with its gray market price rising 26.9%, earning HKD 5,450 per lot.
Mixue's IPO was oversubscribed by 5,258 times, with 264,900 people subscribing, doubling the number compared to Buluke's 130,000.
The institutional placement was oversubscribed by 35 times.
The lottery rate for one lot was 8%, 30% for B-head, 55% for B-2, 75% for B-3, 70% for A-tail, and the top hammer got 2+1 lots. For more details, see the image below.
Longbridge's gray market rose by 26.9%, Futu's gray market rose by 23.4%, with a profit of HKD 5,450 per lot.
The gray market peaked at a 37% increase. I sold a few lots at 273, not bad, making over HKD 7,000 per lot.
This time, the price difference between Longbridge and Futu's gray markets reached up to HKD 15. Arbitrage could earn HKD 1,500 per lot.
Arbitrage the price difference. Sell on Longbridge, buy on Futu.
How much do you think Mixue will rise today?$MIXUE GROUP(02097.HK) $GUMING(01364.HK) $Starbucks(SBUX.US)
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