A person with a background as an elementary school teacher is said to have significantly increased their wealth through the IPO of Chinese tape-materials company 「皇冠新材料」, whose share price rose more than eightfold from its IPO price. Reports also say that the company's post-listing performance included higher revenue but lower net profit.
An article by Forbes JAPAN covers a billionaire who was formerly an elementary school teacher and now has assets of approximately ¥395 billion, reporting that the share price of Chinese tape-materials company 「皇冠新材料」 rose well above its IPO price following the company's initial public offering (IPO). The share price is said to have risen more than eightfold from the IPO price of 16.98 yuan.
Comments on the article cite specific figures, stating that the company's revenue for January–September 2026 rose 12% year on year to 2.8 billion yuan, while net profit fell 7.9% to 225 million yuan. Some commenters take the view that the rise and fall in earnings does not directly explain the surge in the share price.
There is also a view that the China Securities Regulatory Commission's introduction of phased IPO tightening in August 2023, which made it more difficult to list, helped drive capital inflows into newly listed stocks.
For Japanese companies, one implication cited is that the Chinese market is becoming a mechanism that channels capital into companies that replace Japanese-made materials, prompting calls to focus on capital flows. Other examples of sharp rises immediately after listing are also cited as following a similar pattern.