$HERBS GROUP(02593.HK) wants to become the next Maoji Kuaichong... but the fundamentals seem a bit dangerous... let's not proceed for now.
However, here is a look back at the grand occasion of Maoji on March 28, 2018: Maoji Kuaichong will be listed tomorrow (28th), recording an oversubscription of over 6,289 times, claiming the title. Today's dark market price has risen 5 times, with a profit of over 10,000 yuan per lot.
Maoji Kuaichong has a lot size of 2,000 shares, with an initial offering price of 1.2 yuan rising, and the dark market price breaking 7 yuan, with a profit of over 14,000 yuan per lot, an increase of nearly 5.8 times.
Maoji Kuaichong started its public offering on March 16, receiving a total of 143,000 applications, with a total subscription of 42.45 billion shares, which is oversubscribed by 6,289 times, surpassing Magnum (2080, now known as Aux) to become the new "oversubscription king."