Changxin Technology's stock soared over 500% on its debut day, with market analysts predicting that new account holders may see their first-day closing performance almost double.
According to PolyBeats monitoring, on the prediction market Polymarket, 2 hours ago, a new account invested $3,100 in the question "Will CXMT's IPO closing market cap reach at least 35 trillion RMB?" with an average buy-in probability of 33.1%, and the current "Yes" probability is 52.5%. The account also holds $3,000 with an average buy-in probability of 51.1% for the "at least 30 trillion RMB" "Yes," which has almost doubled in value.
ChangXin Memory Technologies (CXMT) made its debut on the Shanghai Stock Exchange Sci-Tech Innovation Board today. If the official closing price on the first trading day multiplied by the total number of issued shares exceeds a certain number, the market will settle as "Yes."
According to market data, ChangXin Memory Technologies debuted on the Sci-Tech Innovation Board with an intraday surge of over 530%, reaching a market cap of 36.1 trillion RMB, ranking first in A-shares, surpassing Intel's market cap of $465.6 billion on July 24th (approximately 3.15 trillion RMB).
On its opening day, the stock set multiple A-share historical records:
1. The first tech stock to debut with a market cap exceeding 30 trillion, with an opening total market cap of approximately 33.1 trillion RMB;
2. Topped the Sci-Tech Innovation Board market cap rankings, surpassing SMIC to become the highest-valued listed company on the board;
3. The first A-share stock with a single-day trading volume exceeding one trillion, with over 100 billion traded in the first hour of trading, poised to set another historical record for the full day;
4. The first A-share stock with a trading volume exceeding one trillion and a turnover rate of over 50%, combining massive trading volume with high turnover, unprecedented trading activity.
Account:
0xf8db6180208087fea02623fe8b64f50a8d3ff92c
Total Investment: $3.1k
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