Society Pass, a relatively small technology company with offices in Ho Chi Minh City, Vietnam, listed on the US’ Nasdaq exchange on 9 November under the ticker SOPA. It raised US$26 million at an initial share price of US$9 apiece.

Such a small-cap listing could otherwise go unnoticed. Except, SOPA unexpectedly turned into a rocket ship in its first days of trading. Its share price shot up to almost US$52 by 12 November. It reached an all-time high of US$77.34. At some point, the startup, which was barely 3 years old, had a market cap of a whopping US$750 million.