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Changan Xin Technology’s total market capitalization on its first day of listing reached 3.66 trillion yuan, surpassing Tencent and becoming China’s listed company with the highest market cap.
The offer price was 8.66 yuan; by the morning close, it was 54.65 yuan, up more than 531%, with a total market cap of 3.66 trillion yuan.
Surpassing Tencent (HK$4.03 trillion, about 3.49 trillion yuan), it became China’s listed company with the highest market cap.
Within half a day, the transaction value exceeded 120 billion yuan, setting a record for the highest single-day trading value for an individual A-share stock.