ChangXin Memory Technologies, referred to in the source as Changxin Technology, surged sharply after listing on Shanghai’s STAR Market on July 27, according to market data cited by BlockBeats. The stock was at one point up more than 530% intraday, lifting its market capitalization to RMB 3.61 trillion and putting it in the No. 1 spot among A-share companies. BlockBeats said that valuation exceeded Intel’s market capitalization based on its July 24 U.S. market close, which was listed at $465.6 billion in the source. The same market snapshot showed Changxin Technology up 534% at RMB 54.96, with turnover above RMB 120 billion. The report was published as a market analysis flash item and did not provide additional background beyond the live trading figures and the comparison with Intel’s closing valuation.
Changxin Technology climbed sharply after listing on Shanghai’s STAR Market on July 27, according to market data cited by BlockBeats.
The company was at one point up more than 530% in intraday trading, taking its market capitalization to RMB 3.61 trillion and ranking it first among A-share listed companies.
BlockBeats said that level was above Intel’s market capitalization at the July 24 close in the U.S. stock market, which the source listed at $465.6 billion.
At the time of the report, Changxin Technology was up 534% at RMB 54.96, with turnover exceeding RMB 120 billion.
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