Deposits are closing in 10 mins ✨
- 9.3m tvl
- 211 depositors
- @Mantle_Official is the biggest chain followed by Ethereum
First step for Openstock in underway 🔥
$7 billion. That's the new target for Zhongji Innolight's Hong Kong IPO, up from $5 billion after roadshow demand.
The stock already trades in Shenzhen. Shares are up roughly 6x in the past year.
Here's the story behind the biggest Hong Kong listing since CATL, and how to get into it, live on @0xMantle, @base, @ethereum and @solana 🧵
one day in on the Zhongji Innolight vault:
$7.54M raised
84 depositors
75% of the $10M cap
251% of the $3M deal minimum
@Mantle_Official led every chain at 49.5%. ~4 days left to deposit.
https://t.co/EQzTs0eZZn
New Openstock vault is live.
Nvidia gets all the attention. But every one of its GPU clusters is wired together by optical modules, and one $197B company makes more of them than anyone on earth.
It lists in Hong Kong soon.
First, the largest IPO in history traded on Mantle the day it listed.
Today, we go earlier than listing day.
@OpenstockInc is live on Mantle, bringing pre-IPO vaults onchain. Through them, you can now participate in allocations that used to sit behind closed doors.
10 minutes. $6.2M.
More than half the Zhongji Innolight vault is filled.
The company that makes Nvidia's optical modules is listing in Hong Kong, and you can get the allocation in USDC.
OpenStock's first A+H vault is live.
Zhongji Innolight, the world's largest maker of optical transceivers, is listing H-shares in Hong Kong.
We are also going live on @Mantle_Official today.
New Openstock vault is live.
Nvidia gets all the attention. But every one of its GPU clusters is wired together by optical modules, and one $197B company makes more of them than anyone on earth.
It lists in Hong Kong soon.
Openstock is live.
You can now subscribe to a Hong Kong AI IPO with USDC and a wallet.
Deposits open on @ethereum, @base and @solana.
First vault: SDMC. $877M HKEX listing. $3M cap. 10 hour window.
SDMC vault update
We opened with a $3m cap and received around $40k in deposits.
That was not enough to run the allocation route properly, so we’re refunding everyone.
Claims are live in the dashboard.
As a thank you to early depositors, we’re adding a one-time 5% bonus on deposited capital.
This is not APY, not a recurring yield, and should not be expected for future vaults.
Based on how SDMC traded, the modeled vault outcome would likely have been higher if we had proceeded, but the deposit size was too small to run the route properly.
Not the result we wanted, but a useful first launch.
We’ll clean up what was confusing and come back with the next vault.
i have no idea if this will be a good trade but i find it interesting enough to try it out
openstock gives access to companies due to IPO in HK shortly before they go live (via brokers they have relationships with)
it's quite hard for retail to get access to these, usually only via lottery, and the last ones pumped quite hard on opening
MiniMax +109%,
Victory Giant +50%
Mixue +47%
Mao Geping +77%
the vault sells on day 1 and re-distributes proceeds to investors