POPA ReconA2DAO: Retail Access to China’s Hottest IPOs
A2DAO: Retail Access to China’s Hottest IPOs Retail investors had a 0.014% chance of getting into Hongfucheng’s IPO, about 1 in 7,000. A2DAO gives its community allocations in deals like this, and its listed deals averaged 4.7x on day one. Hongfucheng was the best at 7.5x, followed by Camsense at 3.7x and Enflame at 2.8x. Two deals are open now: • CanSemi: a 12-inch chip foundry and the first on ChiNext, with the retail tranche oversubscribed 2,360x. Allocations up to $2,500 for the top 75 on the leaderboard, fully unlocked at listing. • YMTC: the world’s #3 NAND memory maker with 14% globa…
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