That is the highest number of such payouts in at least six years, as per a Bloomberg report.
Stacy Wei, who works in education in one of China’s biggest cities, made about 3,80,000 yuan, or roughly ₹53.7 lakh, from the Unitree Robotics IPO.
Wei beat odds of one in 5,525 to secure the shares in the listing last month. She sold them as Unitree’s stock soared on its first day of trading.
The profit was enough for Wei to change her car-buying plans. She walked away from a deposit she had already paid on a cheaper car and bought the car she wanted instead.
“Big fat tickets”
Chinese traders call IPOs that can deliver more than 1,00,000 yuan from a single successful allocation “big fat tickets”. This year has produced seven such payouts, fuelling demand for new shares even as more investors compete for limited allocations.
For China’s roughly 250 million retail investors, winning an IPO allocation has long been a way to make quick profits. In 2026, demand for technology listings has pushed debut-day gains to some of their highest levels on record.
The 53 stocks that started trading in Shanghai and Shenzhen this year rose more than 350% on average on debut, weighted by deal size, according to Bloomberg data.
“Free cash”
Alice Wang, who won shares in the CXMT Corp. IPO and regularly applies for new listings, said the prospect of quick profits continues to attract retail investors.
“Who would pass up on free cash?” Wang said. “I’m not too worried about the performance after the first day.”
The gains, however, have not always translated into overall profits for investors. Wei said her Unitree gains barely offset losses from property investments. She plans to put the money she does not spend on the car into safer wealth-management products.
Another windfall
Wu Haiyan, who works at a technology firm in Beijing, received five lots each in CXMT’s IPO and Tianjin Fuji-Ta Bicycle Industrial Co.’s listing. It was his first successful allocation in a year.
Wu used the proceeds from the IPO gains to buy technology stocks after prices fell sharply in July. “You make money in one part of the market and lose it in another,” Wu said. “In the end, not a penny makes it home.”
(With inputs from Bloomberg)
