Taiwan's hottest pre-listing stock drew a record flood of money into its public share lottery, great news for the few who win a slot and a sign of how much cash is sitting in Taiwanese investor accounts.

• Hancetech drew 384,717 subscription bids over three days, freezing NT$865.6 billion — an all-time record for a Taiwan share offering.
• The draw is so popular because the offer price is less than half the current trading price, so one winning lot is worth roughly NT$2.53 million in instant paper profit.
• Odds are brutal: about 0.27% of bids will win, which is why people are calling it a high-priced lottery ticket.
• The scale of the frozen cash set off a wave of online chatter about how rich Taiwanese households have become.
• Money was pulled from accounts today; the computerized draw runs tomorrow morning, with losers refunded on the 17th and winners receiving shares by the 22nd.

Outlook: Hancetech lists on the over-the-counter market in late September, and the huge gap between the offer price and the market price sets up a volatile debut.