The biggest IPO in China’s A-share market this year is coming

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According to the issuance schedule, on July 16 (next Thursday), Changxin Technology’s IPO will open for online subscriptions. As a domestic storage chip giant, it passed the IPO review on May 27, had its registration become effective on June 12. With this listing on the STAR Market, Changxin Technology plans to raise as much as 29.5 billion yuan, which would make it the largest IPO in this year’s A-share market by deal size, and also the second-largest IPO in the STAR Market’s history, coming only after Semiconductor Manufacturing International Corporation’s 53.2 billion yuan. Changxin Technology’s online issuance subscription cap is 1.67M shares; to subscribe at the maximum level, applicants need a Shanghai market value of 16.72 million yuan. Wind data shows that Changxin Technology is the new stock with the most shares issued since the beginning of this year, and it is also the STAR Market’s largest share-issuance IPO in terms of the number of shares issued. This means Changxin Technology’s expected odds of winning a lot are relatively high. (CCTV Finance)
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