Changxin Technology Surges 471% on Debut, Market Cap Hits RMB3.31 Trillion to Top A-Share List
Shares of Changxin Technology opened 471% higher on their first trading day in Shanghai on July 27, catapulting the company’s total market capitalization to RMB3.31 trillion. That instantly made it the largest stock on China’s A-share market, displacing Industrial and Commercial Bank of China, which had long held the top position. The dramatic debut underscores the intense investor appetite for the semiconductor firm, though no further trading details were immediately available.
On July 27, Changxin Technology opened 471% higher on its first trading day, giving it a total market capitalization of RMB3.31 trillion and surpassing Industrial and Commercial Bank of China to become the most valuable company on the A-share market.