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Concentration warning in Xinchengyue (1755)
The top 20 holders have 92.82%. The IPO was priced at $2.90, the bottom of its range of $2.90-3.90, and only 3.6% of the offer was taken up by the public offer. 96.59% of the offer was taken by 25 placees. The stock is now 174% above the IPO price.