BlockBeats News, August 19th. On the first day of USDTech's A-share listing, the stock price surged by 500% to reach 900 RMB. Based on USDTech's IPO price of 150.8 RMB per share, successful investors gained approximately 5.97 times (almost 6 times) their investment. USDTech's IPO on the Sci-Tech Innovation Board planned to issue 40.4464 million shares, accounting for 10% of the post-issue share capital. With an allotment of 500 shares per successful bidder, the valuation is around 450,000 RMB. After deducting the subscription payment of 75,000 RMB, the profit is approximately 375,000 RMB.

If we calculate based on the highest price of 1100 RMB at the opening, the gain from the investment would be around 7.3 times. With a 500-share allotment per successful bidder valued at around 550,000 RMB, after deducting the subscription payment of 75,000 RMB, the profit would be approximately 475,000 RMB.