Yushu Technology saw an astonishing record-breaking increase on its first day of listing, but plummeted the next day and wiped out more than 167 billion yuan in market value.

Yushu Technology was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on the 19th. The opening issue price of 150.8 yuan on the first day soared 629.44%, once reaching 1,100 yuan, and the highest market value reached 444.9 billion yuan. It closed at 845 yuan at the end, an increase of 460.34%. Today is the second trading day after Yushu's listing. After the opening, it dropped all the way. It fell below the 800 yuan and 700 yuan levels during the session, reaching the lowest level of 685.01 yuan, and finally closed at 687 yuan, a single-day drop of 18.7%. Compared with the highest point on the first day, Yushu's market value has evaporated by more than 167 billion yuan, falling back to 277.9 billion yuan. A large number of investors followed the trend and ended up in the dilemma of spending money and losing money. ...(please refer to the original text for complete content)