PANews|Aug 19, 2026 01:47
[Lei Jun Earns 15.2 Billion Yuan from Yushu Technology IPO]
According to China News Finance, on August 19, Yushu Technology officially debuted on the STAR Market, opening with a surge of 629.44% to 1,100 yuan per share, bringing its total market value to 444.9 billion yuan. Based on the issue price of 150.80 yuan per share, a single lot could yield a profit of 474,600 yuan. As one of the 'Six Little Dragons of Hangzhou,' Yushu Technology's listing attracted a star-studded lineup of shareholders. Upon review, it was found that Astrend IV, an affiliate of Lei Jun's Shunwei Capital, holds 16.106 million shares, with a floating profit exceeding 15.2 billion yuan.
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