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Regencell Shares Soar to $36 Billion Valuation Despite Zero Revenue

A 38-for-1 split in mid-June sparked massive trading in its thinly floated shares.

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Overview

  • Regencell’s shares have climbed over 46,000% this year, lifting its market capitalization to approximately $36 billion
  • A single trading session after the split saw shares jump 280% and triggered more than ten volatility halts
  • CEO Yat-Gai Au controls about 86% of the company’s shares, a stake valued at roughly $25 billion
  • The company is developing natural TCM formulas for ADHD and autism and posted a $4.4 million net loss in the fiscal year ending June 2024
  • Analysts have cautioned that Regencell’s tiny 6% public float and absence of commercial revenue make its stock exceptionally volatile