For investors tracking hard-tech stocks, the hottest topic in capital markets right now is undoubtedly Yushu Technology Co.,Ltd. (stock code: 688836). If you've been following the IPO subscription process, you've likely been stunned by the data: the online lottery rate hit a record low of 0.0181%, setting a new historic low for the STAR Market. This level of enthusiasm is reminiscent of the frenzy surrounding Kweichow Moutai back in the day.
With the subscription payment deadline officially passing on Wednesday, August 12, the urgent question on everyone's mind is: when will Yushu Technology Co.,Ltd. officially list on the stock exchange? Today, we break down the latest progress and highlight key points to watch.
Estimated Listing Date: Late August, Potentially as Early as Next Week
Based on the official process, Yushu Technology Co.,Ltd. received its "registration effective" approval from the China Securities Regulatory Commission on July 6. The online and offline subscription processes were completed on August 10, with the payment deadline for winning bids falling on August 12. According to the typical STAR Market listing schedule, which sees new stocks list 8-14 trading days after the subscription date, the market is widely expecting a listing window around August 19. However, the exact "bell-ringing" date will depend on the company's official publication of the "Listing Prospectus." Investors should mark their calendars for late August and prepare to witness a historic moment.
Core Issuance Data Overview
The IPO of Yushu Technology Co.,Ltd. is being described as "born with a silver spoon." The core data points are as follows: the stock code is 688836, listed on the Shanghai Stock Exchange's STAR Market, with an issuance price of RMB 150.80 per share. The company is issuing 40.4464 million shares, representing 10% of the total share capital after the listing. The estimated market capitalization is approximately RMB 60.993 billion, with the total funds raised reaching about RMB 6.099 billion. The issuance price of RMB 150.80 makes it a "blue-blood" stock on the STAR Market, yet the strong capital inflow shows that market demand for the "humanoid robot" sector remains insatiable.
Impressive Strategic Investor Roster: Tencent and DeepSeek Are Among the Participants
Why is Yushu Technology Co.,Ltd. generating so much hype? The list of strategic investors provides a clear answer. The strategic placement includes not only Shanghai Qishan Investment, a subsidiary of Tencent, but also the popular AI large model company DeepSeek. Additionally, "national team" investors such as CNPC Kunlun Capital, Southern Power Grid Industrial and Financial, and Tianyi Capital are also on the list. This formidable lineup signals not just a bet on Yushu Technology Co.,Ltd.'s hardware strength, but also a strategic wager on the trillion-yuan market for "embodied intelligence" in the future. From the start of its advisory process in July 2025 to its anticipated listing in August 2026, Yushu Technology Co.,Ltd. has achieved a remarkable "STAR Market speed." Founder Wang Xingxing has previously expressed a desire to bring robots into millions of households. Now, with a valuation of over RMB 60 billion stepping into the capital market's spotlight, the question remains: can it become the next tech giant of the era? How much do you think Yushu Technology Co.,Ltd. will rise after listing? Would you choose to hold for the long term or sell immediately after winning the lottery? Share your thoughts in the comments.