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![DoggfatherCrew Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1447149142271217664.png) Doggfather [@DoggfatherCrew](/creator/twitter/DoggfatherCrew) on x 23.7K followers
Created: 2025-07-27 15:50:13 UTC

Putting Oversubscription Levels into Context

There are currently two projects offering tokens on Kaito's Launchpad: Theoriq and Espresso

Theoriq's offer is oversubscribed by XXX%

Is that a lot? Should Theoriq increase the offered supply? 
Let's put these stats into perspective!

The most related market are initial public offerings (IPOs) in the stock market
In most cases, you observe large oversubscription rates

US data vary between 2x to 60x for the years 1980-1990

More recent data for HK shows average oversubscription rates of 167x (median is 56x) for the years 2005-2009

US data also shows a strong positive relationship between oversubscription ("demand for the offering") and secondary market performance ("underpricing")

My take: 
Theoriq should be happy about the achieved oversubscription (which will further go up until the offer closes)
They should avoid any urge to increase supply to maximize the amount raised
High oversubscription will serve as a welcome support for secondary market performance


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949497564283195796/c:line.svg)

**Related Topics**
[initial public](/topic/initial-public)
[token](/topic/token)
[ipos](/topic/ipos)
[stocks](/topic/stocks)
[espresso](/topic/espresso)
[launchpad](/topic/launchpad)

[Post Link](https://x.com/DoggfatherCrew/status/1949497564283195796)