ChangXin Technology, described by ChainCatcher as a leading DRAM maker, made its first-day debut on Shanghai’s STAR Market on July 27, with gains widening during intraday trading. As of publication, the stock was quoted at RMB 54.35, up 527.60% from its IPO price of RMB 8.66. Turnover had reached RMB 117.284 billion, while turnover rate topped 56%.
The stock opened at RMB 49.50 and touched an intraday low of RMB 38.11. Its current dynamic price-to-earnings ratio stood at about 36.70 times. ChangXin’s total market capitalization was roughly RMB 3.63 trillion at the time of writing, ranking first in the A-share market, according to the report. The move was reported by ChainCatcher in a technology news brief.
ChangXin Technology (688825.SH), described by ChainCatcher as a leading DRAM maker, began trading on Shanghai’s STAR Market on July 27, with its gains continuing to widen during the session.
As of publication, the stock was quoted at RMB 54.35, up 527.60% from its IPO price of RMB 8.66. Trading turnover had reached RMB 117.284 billion, turnover rate was above 56%, and total market capitalization stood at about RMB 3.63 trillion, ranking first among A-shares, according to the report.
The stock opened at RMB 49.50, hit an intraday low of RMB 38.11, and its current dynamic price-to-earnings ratio was about 36.70 times.
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