Last decent shot at making 680% on China IPOs
After final 28 IPOs under China's existing online lottery system, authorities will scrap upfront payment rule, slashing the odds of a winning bid to about 0.01%
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WHAT once looked like long odds of securing shares in Chinese initial public offerings now look too good to pass up.
The final 28 IPOs under China's existing online lottery system will start taking orders as soon as this month. While chances of getting an allocation have never been stellar at about 0.6 per cent, a requirement for prospective investors to pre-fund their bids kept a cap on competition.
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