Yushu Technology is being wildly sought after before going public, with some intermediaries offering 520 yuan per share.

According to reports, off-market "dark trading" of Yushu Technology has quietly emerged. Currently, several intermediaries are acquiring the new shares of this stock through various channels, with significant discrepancies in pricing; some intermediaries are bidding 520 yuan per share, while others are offering 410 yuan per share. Many lottery winners are also actively seeking buyers online. It is noteworthy that this type of "dark trading," which has previously been common for new stocks on the Beijing Stock Exchange, is now spreading to star stocks on the Sci-Tech Innovation Board. The reporter previously noticed that prior to Changxin Technology's IPO, there were also intermediaries purchasing the new shares at high prices, and their quoted price at that time was 36 yuan per share. "From an institutional perspective, this reflects a unique arbitrage ecology under the A-share IPO mechanism. The extremely low probability of winning a lottery creates a scarcity of shares, and off-market premium acquisitions of new shares essentially represent a private transfer of the institutional benefits from the primary market. Such behavior not only touches upon compliance boundaries but also distorts the market's price discovery function," stated Tian Lihui, director of the Financial Research Institute at Nankai University. Wang Jiaming, a partner at Jingdu Law Firm, also indicated that this behavior may violate real-name account requirements.