Master Lu (03601) of 360 is listed on the market today, and its share price has risen sharply by nearly 50%. As of the close, its increase is as high as 218.52%, and the market value has doubled, exceeding HK$2.2 billion.
The closing price is HK$8.6, which is calculated based on the offer price of HK$2.7. Each lot is 1,000 shares, regardless of the handling fee. The winning bidder earns a net profit of HK$5,000 per lot.
Master Lu’s listing surged 218% on the first day of listing. The market value exceeded HK$2.2 billion.
The reason why Master Lu is so hot, some analysts believe: On the one hand, because the company was listed in October, and only one new IPO in September, the IPO in October has caught up with the good opportunity; on the other hand, the company has achieved profitability and subscription is hot. The retail share is small and attracts the market.
The shareholding structure shows that the first major shareholder of Master Lu is Qihoo Technology 360.
According to the prospectus, in 2016, 2017 and 2018, Master Lu’s operating income was RMB 0.7 billion, RMB 123 million and RMB 320 million respectively, and the corresponding net profit growth was RMB 32 million, RMB 56 million and 0.76 respectively. 100 million yuan. In the first four months of 2019 alone, operating income reached 114 million yuan and operating profit was 28 million yuan.