Focus on quality Hong Kong stocks. Capture the potential value of IPOs.
Participate in selected Hong Kong stock IPO strategies using USDS, balancing return opportunities and capital efficiency.
2026H1 Hong Kong IPO Review · First-day Return Basis
69 of 85 new listings were profitable on the first day. More importantly, over 90% of IPO profits were concentrated in a small number of advantageous sectors. Earn's core value lies in selection and exit rather than broad participation.
Average profit/loss per board lot section
Average profit among profitable targets exceeded the average loss among loss-making targets. Sector and valuation filters, together with the discount cushion from flash placements, aim to increase the share of capital entering advantaged targets and enhance overall returns.
Turn historical advantages into investment discipline
Cover both new IPOs and post-listing flash placement targets. Prioritize hard technology, new consumer names and new-energy niche leaders, then size participation by issuance quality, valuation level, discount and institutional recognition.
Unprofitable biotech B shares and high-valuation, weak-earnings names are the main risk areas on the IPO side. On the flash placement side, we avoid targets with fundamental flaws or insufficient discount. Entry thresholds are raised for high-risk targets, and subscriptions or participation are skipped when necessary.
Small-cap IPOs and small placements tend to be realized promptly on day one. For scarce industry leader IPOs and large high-quality placements, holding time is determined dynamically by liquidity and market interest while maintaining diversification throughout.
Simplified process
Mint USDS 1:1 from USDT, or invest available USDS directly, then confirm Earn shares
Select IPO targets, control risk and exit dynamically, with flash placements added to enhance returns
Redeem after expiry; T+1 settlement when no IPO is in progress
Data is based on the first-day closing performance of Hong Kong IPOs from January to June 2026 and is for strategy review only. Historical win rates, average profits and leading-target returns do not indicate future performance. Earn may still face issue-price breaks and NAV losses.
Current Strategy Pool
